Renovated Two-Level Residential
New
For Sale
$379,500
250 S REYNOLDS STREET Unit 801, Alexandria, VA 22304
Elevator access serves both levels, with the home located on the 8th and 9th floors.
Property Size1,636 SF
Days on Market5
Property Features for 250 S REYNOLDS STREET Unit 801
General Information
Standard status
Active
Size
1,636 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,065
Amenities
pool
playground
picnic area
sport court
in-unit washer and dryer
private balcony
Building Details
Building Size
1,636 SF
Year Built
1974
Listing Agency:
Samson Properties
Listed By:
Nezam Hakimi · License #0225269059
(202) 770-7001
Source:
Dcmetrorealtyteam
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 9:00PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This renovated, two-level residence is arranged with living and dining areas beside a kitchen featuring shaker-style cabinets, quartz counters, and an island. The upper floor has two bedrooms and an updated hall bath; the primary suite includes a walk-in closet, renovated private bath, and its own balcony. Sliding glass doors open onto a second balcony, and the home also has LVP flooring and an in-unit washer and dryer. Elevator access is available on both the 8th and 9th floors. Two parking spaces are included: one assigned garage space and one lot space.
Community facilities include a pool, playground, picnic area, and sport court. A bus stop is in front of the community, with service to Metro, and Van Dorn Metro is also accessible from the property.
Community facilities include a pool, playground, picnic area, and sport court. A bus stop is in front of the community, with service to Metro, and Van Dorn Metro is also accessible from the property.
Key Highlights
- Renovated two‑level residence with elevator access on the 8th and 9th floors
- Kitchen includes shaker‑style cabinetry, quartz countertops, and a large island
- Primary suite has a walk‑in closet, renovated en‑suite bath, and private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,079
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,580
$501.6K
Cap Rate 7%
$358,271
$358.3K
Cap Rate 9%
$278,656
$278.7K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$48.1K $29.40/SF
− Vacancy
−$2.5K −$1.53/SF
EGI
$45.6K $27.87/SF
− OpEx
−$20.5K −$12.54/SF
NOI
$25.1K $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%
$501,580
Cap Rate 7%
$358,271
Cap Rate 9%
$278,656
Alternative Uses
Best Use
Apartment 5plus
$358.3K
$313.5K – $418.0K
NOI $25,079 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$908.7K
$795.1K – $1.06M
NOI $63,608 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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 - Elevator access serves both levels, with the home located on the 8th and 9th floors.
Where is this residential income property located?
The property is located at 250 S REYNOLDS STREET Unit 801 Alexandria, VA.
What is the asking price?
The asking price for this property is $379,500.
What are key features of this property?
This property features: Renovated two‑level residence with elevator access on the 8th and 9th floors; Kitchen includes shaker‑style cabinetry, quartz countertops, and a large island; Primary suite has a walk‑in closet, renovated en‑suite bath, and private balcony
