Residential Income Condo with
New
For Sale
$325,000
250 S REYNOLDS STREET Unit 910, Alexandria, VA 22304
The ninth-floor corner residence includes two bedrooms, two full bathrooms, assigned parking, and a separate storage unit.
Property Size1,437 SF
Days on Market7
Property Features for 250 S REYNOLDS STREET Unit 910
General Information
Standard status
Active
Size
1,437 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,134
Amenities
outdoor pool
fitness center
tennis courts
basketball courts
playground
grilling area
fire pit
party room
recently refreshed lobby
in-unit washer and dryer
private balcony
storage unit
Building Details
Building Size
1,437 SF
Year Built
1974
Listing Agency:
Compass
Listed By:
Allison B Goodhart · License #0225190446
(703) 362-3221
Source:
Dcmetrorealtyteam
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 27 at 4:18AM
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 Compass
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Investment Insights
Based on property information with market context.
This single-level condominium occupies a ninth-floor corner position and has two bedrooms and two full bathrooms. Large windows bring natural light into the residence, while a private balcony adds outdoor space. An in-unit washer and dryer, one assigned parking space, and a separate storage unit are included. The building dates to 1974.
Residents have access to an outdoor pool, fitness center, tennis and basketball courts, playground, grilling area, fire pit, party room, and refreshed lobby. Holmes Run Trail borders the property, with paved paths and connections to parks and other trails. Winkler Botanical Preserve is also nearby. Shopping, dining, Metro access, major commuter routes, Old Town Alexandria, and Washington, DC, are listed among the area's nearby destinations.
Residents have access to an outdoor pool, fitness center, tennis and basketball courts, playground, grilling area, fire pit, party room, and refreshed lobby. Holmes Run Trail borders the property, with paved paths and connections to parks and other trails. Winkler Botanical Preserve is also nearby. Shopping, dining, Metro access, major commuter routes, Old Town Alexandria, and Washington, DC, are listed among the area's nearby destinations.
Key Highlights
- Two bedrooms and two full bathrooms in a single‑level condominium
- Ninth‑floor corner residence with private balcony and large windows
- One assigned parking space and separate storage unit convey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,028
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,560
$440.6K
Cap Rate 7%
$314,686
$314.7K
Cap Rate 9%
$244,756
$244.8K
Market Conditions
NOI Build-Up for 1,437 SF
Gross rent
$42.2K $29.40/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$40.1K $27.87/SF
− OpEx
−$18.0K −$12.54/SF
NOI
$22.0K $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%
$440,560
Cap Rate 7%
$314,686
Cap Rate 9%
$244,756
Alternative Uses
Best Use
Apartment 5plus
$314.7K
$275.4K – $367.1K
NOI $22,028 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$798.2K
$698.4K – $931.2K
NOI $55,871 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,731
Businesses Nearby
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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 - The ninth-floor corner residence includes two bedrooms, two full bathrooms, assigned parking, and a separate storage unit.
Where is this residential income property located?
The property is located at 250 S REYNOLDS STREET Unit 910 Alexandria, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in a single‑level condominium; Ninth‑floor corner residence with private balcony and large windows; One assigned parking space and separate storage unit convey
