Residential Income Property with
New
For Sale
$275,000
250 S REYNOLDS STREET S Unit 1109, Alexandria, VA 22304
A one-bedroom layout includes a separate office, in-unit laundry, and garage parking.
Property Size1,262 SF
Days on Market6
Property Features for 250 S REYNOLDS STREET S Unit 1109
General Information
Standard status
Active
Size
1,262 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,773
Amenities
outdoor pool
tennis courts
basketball court
playground
grilling areas
fire pit
picnic terraces
party room
on-site management
secure access
garage parking
in-unit laundry
storage
Building Details
Building Size
1,262 SF
Year Built
1974
Listing Agency:
Real Broker, LLC
Listed By:
John T Kirk
(240) 678-2533
Source:
Dcmetrorealtyteam
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 5 at 11:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
Investment Insights
Based on property information with market context.
This residential income property has one bedroom, a separate office, and 1.5 bathrooms. Floor-to-ceiling windows bring natural light into the open layout, while a wrap-around balcony extends the living area outdoors. The kitchen has been renovated, and the unit includes in-unit laundry and garage parking. Building storage is also available.
Residents have access to an outdoor pool, tennis and basketball courts, a playground, grilling areas, a fire pit, and picnic terraces. Shared facilities also include a party room, with on-site management. Lobby, hallway, and elevator upgrades are underway and fully funded; no special assessments are planned for buyers.
The property is minutes from Van Dorn Metro and near I-395, I-95, and the Beltway. Bus stops are nearby, and Old Town Alexandria is a short drive away. Nearby parks and trails provide additional outdoor options.
Residents have access to an outdoor pool, tennis and basketball courts, a playground, grilling areas, a fire pit, and picnic terraces. Shared facilities also include a party room, with on-site management. Lobby, hallway, and elevator upgrades are underway and fully funded; no special assessments are planned for buyers.
The property is minutes from Van Dorn Metro and near I-395, I-95, and the Beltway. Bus stops are nearby, and Old Town Alexandria is a short drive away. Nearby parks and trails provide additional outdoor options.
Key Highlights
- One‑bedroom unit with a separate office and 1.5 bathrooms
- Wrap‑around balcony and floor‑to‑ceiling windows
- Renovated kitchen, in‑unit laundry, and garage parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,345
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,900
$386.9K
Cap Rate 7%
$276,357
$276.4K
Cap Rate 9%
$214,944
$214.9K
Market Conditions
NOI Build-Up for 1,262 SF
Gross rent
$37.1K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$35.2K $27.87/SF
− OpEx
−$15.8K −$12.54/SF
NOI
$19.3K $15.33/SF
Area
Alexandria, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,900
Cap Rate 7%
$276,357
Cap Rate 9%
$214,944
Alternative Uses
Best Use
Apartment 5plus
$276.4K
$241.8K – $322.4K
NOI $19,345 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$701.0K
$613.3K – $817.8K
NOI $49,067 @ 7.0% cap · market cap 17.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,731
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom layout includes a separate office, in-unit laundry, and garage parking.
Where is this residential income property located?
The property is located at 250 S REYNOLDS STREET S Unit 1109 Alexandria, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: One‑bedroom unit with a separate office and 1.5 bathrooms; Wrap‑around balcony and floor‑to‑ceiling windows; Renovated kitchen, in‑unit laundry, and garage parking
