Residential Income Property with
For Sale
$149,900
2619 REDCOAT DRIVE Unit 229, Alexandria, VA 22303
A 757-square-foot Alexandria residence offers a refreshed kitchen and shared fitness and laundry facilities.
Property Size757 SF
Price / SF$198.02
Days on Market21
Property Features for 2619 REDCOAT DRIVE Unit 229
General Information
Standard status
Active
Size
757 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,328
Amenities
on-site laundry room
swimming pool
exercise room
Building Details
Building Size
757 SF
Year Built
1967
Construction
garden-style
Listing Agency:
Century 21 Redwood Realty
Listed By:
WAI LUN L LEUNG · License #0225204506
(571) 497-4607
Source:
Dcmetrorealtyteam
Added: Sep 30
Changed: Oct 20
Last Checked: Oct 19 at 1:57PM
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
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Investment Insights
Based on property information with market context.
This first-level residential unit in a garden-style community contains 757 square feet, one bedroom, and a walk-in closet. The kitchen has been updated, and the bathroom provides generous counter space. The community offers an on-site laundry room, swimming pool, and exercise room.
The property is at 2619 Redcoat Drive in Alexandria, near Huntington Metro. Built in 1967, the condo combines a private residential layout with shared community amenities.
The property is at 2619 Redcoat Drive in Alexandria, near Huntington Metro. Built in 1967, the condo combines a private residential layout with shared community amenities.
Key Highlights
- 757‑square‑foot first‑level condo with one bedroom
- Updated kitchen and walk‑in closet
- Community amenities include a swimming pool, exercise room, and on‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,604
Cap Rate
7.74%
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 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$420.5K
$367.9K – $490.5K
NOI $29,432 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
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 - A 757-square-foot Alexandria residence offers a refreshed kitchen and shared fitness and laundry facilities.
Where is this residential income property located?
The property is located at 2619 REDCOAT DRIVE Unit 229 Alexandria, VA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 757‑square‑foot first‑level condo with one bedroom; Updated kitchen and walk‑in closet; Community amenities include a swimming pool, exercise room, and on‑site laundry
