Renovated 2-Bedroom
For Sale
$225,000
Pending
2620 REDCOAT DRIVE Unit 178, Alexandria, VA 22303
Updated condo with flexible bonus room, private balcony, and community pool views.
Property Size1,069 SF
Days on Market175
Property Features for 2620 REDCOAT DRIVE Unit 178
General Information
Standard status
Pending
Size
1,069 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,051
Amenities
private balcony
community pool
landscaped grounds
Building Details
Building Size
1,069 SF
Year Built
1967
Listing Agency:
Samson Properties
Listed By:
Kathiuska I Ramirez · License #0225088549
(703) 850-0505
Source:
Dcmetrorealtyteam
Added: Apr 30
Changed: Oct 17
Last Checked: Oct 21 at 4:40AM
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
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.
This renovated condominium offers two bedrooms, one bathroom, and a bonus room that can function as a home office or potential third bedroom. The interior includes a separate dining room and a generously sized living area, with natural light throughout. A private balcony faces the community pool and landscaped grounds.
The property is minutes from Huntington Metro, Route 1, and major commuter routes. Utilities are included, and residents have access to community amenities. Built in 1967, the unit combines an established residential setting with an updated interior and flexible living space.
The property is minutes from Huntington Metro, Route 1, and major commuter routes. Utilities are included, and residents have access to community amenities. Built in 1967, the unit combines an established residential setting with an updated interior and flexible living space.
Key Highlights
- Renovated 2‑bedroom, 1‑bath condominium
- Bonus room offers office use or potential third bedroom
- Separate dining room and expansive living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,387
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,740
$327.7K
Cap Rate 7%
$234,100
$234.1K
Cap Rate 9%
$182,078
$182.1K
Market Conditions
NOI Build-Up for 1,069 SF
Gross rent
$31.4K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.8K $27.87/SF
− OpEx
−$13.4K −$12.54/SF
NOI
$16.4K $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%
$327,740
Cap Rate 7%
$234,100
Cap Rate 9%
$182,078
Alternative Uses
Best Use
Apartment 5plus
$234.1K
$204.8K – $273.1K
NOI $16,387 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$593.8K
$519.5K – $692.7K
NOI $41,563 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with flexible bonus room, private balcony, and community pool views.
Where is this residential income property located?
The property is located at 2620 REDCOAT DRIVE Unit 178 Alexandria, VA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Renovated 2‑bedroom, 1‑bath condominium; Bonus room offers office use or potential third bedroom; Separate dining room and expansive living room
