Residential Income Property with
For Sale
$169,000
2616 FORT FARNSWORTH ROAD Unit 245, Alexandria, VA 22303
The condo association fee covers all utilities, alongside access to shared recreation and fitness amenities.
Property Size707 SF
Price / SF$223.25
Days on Market10
Property Features for 2616 FORT FARNSWORTH ROAD Unit 245
General Information
Standard status
Active
Size
707 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,303
Amenities
outdoor pool
tennis courts
fitness center
clubhouse
picnic area
private patio
Building Details
Building Size
707 SF
Year Built
1967
Listing Agency:
Century 21 Redwood Realty
Listed By:
WAI LUN L LEUNG · License #0225204506
(571) 497-4607
Source:
Dcmetrorealtyteam
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 13 at 2:29AM
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 Century 21 Redwood Realty
Investment Insights
Based on property information with market context.
This 757-square-foot condominium at Huntington Club has one bedroom and one full bathroom, with a private patio extending the living area outdoors. Recent interior work includes kitchen cabinetry, countertops, and appliances. The kitchen opens to the living space, while the bedroom remains separate. The property was built in 1967.
Huntington Metro’s Yellow Line station, I-495, Route 1, and the Woodrow Wilson Bridge are nearby. Old Town Alexandria, the Pentagon, National Airport, National Harbor, and Washington, DC are also identified as nearby destinations. Shopping and dining options along Route 1 and in Kingstowne are a short drive away.
Community amenities include an outdoor pool, tennis courts, fitness center, clubhouse, picnic area, and community parking. The condo fee includes all utilities.
Huntington Metro’s Yellow Line station, I-495, Route 1, and the Woodrow Wilson Bridge are nearby. Old Town Alexandria, the Pentagon, National Airport, National Harbor, and Washington, DC are also identified as nearby destinations. Shopping and dining options along Route 1 and in Kingstowne are a short drive away.
Community amenities include an outdoor pool, tennis courts, fitness center, clubhouse, picnic area, and community parking. The condo fee includes all utilities.
Key Highlights
- 757‑square‑foot condo with one bedroom and one full bathroom
- Private patio
- Kitchen updated with new cabinetry, countertops, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,604
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,080
$232.1K
Cap Rate 7%
$165,771
$165.8K
Cap Rate 9%
$128,933
$128.9K
Market Conditions
NOI Build-Up for 757 SF
Gross rent
$22.3K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$21.1K $27.87/SF
− OpEx
−$9.5K −$12.54/SF
NOI
$11.6K $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%
$232,080
Cap Rate 7%
$165,771
Cap Rate 9%
$128,933
Alternative Uses
Best Use
Apartment 5plus
$165.8K
$145.1K – $193.4K
NOI $11,604 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$420.5K
$367.9K – $490.5K
NOI $29,432 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
1,068
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo association fee covers all utilities, alongside access to shared recreation and fitness amenities.
Where is this residential income property located?
The property is located at 2616 FORT FARNSWORTH ROAD Unit 245 Alexandria, VA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 757‑square‑foot condo with one bedroom and one full bathroom; Private patio; Kitchen updated with new cabinetry, countertops, and appliances
