Residential Income Property with
New
For Sale
$199,999
2648 REDCOAT DRIVE Unit 102-2D, Alexandria, VA 22303
A two-bedroom condo with updated interior finishes and an assigned parking space in Huntington Club.
Property Size1,069 SF
Days on Market4
Property Features for 2648 REDCOAT DRIVE Unit 102-2D
General Information
Standard status
Active
Size
1,069 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$906
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,920
Building Details
Building Size
1,069 SF
Year Built
1967
Listing Agency:
Real Broker, LLC
Listed By:
xavery Malik
(571) 686-7235
Source:
Dcmetrorealtyteam
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 24 at 11:53PM
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 Real Broker, LLC
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 two-bedroom, one-bath condo is in Alexandria’s Huntington Club community. Interior updates include new flooring and fresh paint, and the unit comes with an assigned parking space. The building dates to 1967.
Huntington Metro, commuter routes, shops, dining, and everyday services are nearby. The property also offers access to Washington, DC, and other Northern Virginia destinations.
Huntington Metro, commuter routes, shops, dining, and everyday services are nearby. The property also offers access to Washington, DC, and other Northern Virginia destinations.
Key Highlights
- Two‑bedroom, one‑bath condo in Huntington Club
- New flooring and fresh paint
- Assigned parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,387
Cap Rate
8.19%
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 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$593.8K
$519.5K – $692.7K
NOI $41,563 @ 7.0% cap · market cap 20.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property 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
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condo with updated interior finishes and an assigned parking space in Huntington Club.
Where is this residential income property located?
The property is located at 2648 REDCOAT DRIVE Unit 102-2D Alexandria, VA.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condo in Huntington Club; New flooring and fresh paint; Assigned parking space
