Two-Bedroom Residential Income
New
For Sale
$165,250
2606 INDIAN DRIVE Unit 1-C, Alexandria, VA 22303
This condominium includes access to a clubhouse, tennis courts, and a community pool.
Property Size950 SF
Price / SF$173.95
Days on Market5
Property Features for 2606 INDIAN DRIVE Unit 1-C
General Information
Standard status
Active
Size
950 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,703
Amenities
clubhouse
tennis courts
community pool
Building Details
Building Size
950 SF
Year Built
1967
Listing Agency:
Terra Prima Realty
Listed By:
Jean Kacou Aboi · License #0226040144
(703) 400-9633
Source:
Dcmetrorealtyteam
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:28PM
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 Terra Prima Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the Huntington Club community, this condominium offers 950 square feet with two bedrooms and one bathroom. The building dates to 1967. Community amenities include a clubhouse, tennis courts, and a pool.
The property is near I-95. The condominium fee covers trash, water, sewer, and electricity.
The property is near I-95. The condominium fee covers trash, water, sewer, and electricity.
Key Highlights
- Two bedrooms and one bathroom across 950 square feet
- Community amenities include a clubhouse, tennis courts, and a pool
- Condominium fee includes trash, water, sewer, and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,563
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,260
$291.3K
Cap Rate 7%
$208,043
$208.0K
Cap Rate 9%
$161,811
$161.8K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$27.9K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$26.5K $27.87/SF
− OpEx
−$11.9K −$12.54/SF
NOI
$14.6K $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%
$291,260
Cap Rate 7%
$208,043
Cap Rate 9%
$161,811
Alternative Uses
Best Use
Apartment 5plus
$208.0K
$182.0K – $242.7K
NOI $14,563 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 22.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 22303, VA
16,109
Population
8,669
Households
1.9
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
1.9 sq mi
ZIP Area
8,478
Density / Sq Mi
$103,822
Median Household Income
$69,699
Median Earnings
$2,050
Median Rent
$547,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - This condominium includes access to a clubhouse, tennis courts, and a community pool.
Where is this residential income property located?
The property is located at 2606 INDIAN DRIVE Unit 1-C Alexandria, VA.
What is the asking price?
The asking price for this property is $165,250.
What are key features of this property?
This property features: Two bedrooms and one bathroom across 950 square feet; Community amenities include a clubhouse, tennis courts, and a pool; Condominium fee includes trash, water, sewer, and electricity
