Renovated Residential Income
For Sale
$459,000
309 YOAKUM PARKWAY Unit 1416, Alexandria, VA 22304
The 14th-floor residence has updated kitchen and bath finishes, flooring, lighting, and HVAC.
Property Size1,309 SF
Price / SF$350.65
Days on Market89
Property Features for 309 YOAKUM PARKWAY Unit 1416
General Information
Standard status
Active
Size
1,309 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,493
Amenities
indoor and outdoor pools
fitness center
tennis and pickleball courts
walking trails
on-site dining and shopping
shuttle service
24-hour gated security
Building Details
Building Size
1,309 SF
Year Built
1979
Listing Agency:
Samson Properties
Listed By:
Christian H Manachi · License #0225093509
(703) 994-0905
Source:
Mxwrealestate
Added: Aug 4
Changed: Oct 30
Last Checked: Oct 30 at 1:54AM
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
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Investment Insights
Based on property information with market context.
This 1,309-square-foot residence occupies the 14th floor of Watergate at Landmark, a community in Alexandria. Built in 1979, the unit has a remodeled kitchen and bathrooms, along with updated flooring, doors, closets, lighting, fixtures, hardware, and HVAC. Fresh paint is also included among the interior improvements.
Community amenities include indoor and outdoor pools, a fitness center, tennis and pickleball courts, walking trails, on-site dining and shopping, shuttle service, and 24-hour gated security. The residence offers elevated views.
Community amenities include indoor and outdoor pools, a fitness center, tennis and pickleball courts, walking trails, on-site dining and shopping, shuttle service, and 24-hour gated security. The residence offers elevated views.
Key Highlights
- 1,309‑square‑foot residence on the 14th floor
- Interior updates include kitchen, bathrooms, flooring, doors, closets, lighting, fixtures, hardware, and HVAC
- Community features indoor and outdoor pools, fitness center, tennis and pickleball courts, and walking trails
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,066
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,320
$401.3K
Cap Rate 7%
$286,657
$286.7K
Cap Rate 9%
$222,956
$223.0K
Market Conditions
NOI Build-Up for 1,309 SF
Gross rent
$38.5K $29.40/SF
− Vacancy
−$2.0K −$1.53/SF
EGI
$36.5K $27.87/SF
− OpEx
−$16.4K −$12.54/SF
NOI
$20.1K $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%
$401,320
Cap Rate 7%
$286,657
Cap Rate 9%
$222,956
Alternative Uses
Best Use
Apartment 5plus
$286.7K
$250.8K – $334.4K
NOI $20,066 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$727.1K
$636.2K – $848.2K
NOI $50,894 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
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Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 14th-floor residence has updated kitchen and bath finishes, flooring, lighting, and HVAC.
Where is this residential income property located?
The property is located at 309 YOAKUM PARKWAY Unit 1416 Alexandria, VA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 1,309‑square‑foot residence on the 14th floor; Interior updates include kitchen, bathrooms, flooring, doors, closets, lighting, fixtures, hardware, and HVAC; Community features indoor and outdoor pools, fitness center, tennis and pickleball courts, and walking trails
