Residential Income Property with
For Sale
$390,000
309 YOAKUM PARKWAY Unit 1716, Alexandria, VA 22304
The 1,098-square-foot residence has two bedrooms, two full bathrooms, and a private balcony.
Property Size1,309 SF
Price / SF$297.94
Days on Market15
Property Features for 309 YOAKUM PARKWAY Unit 1716
General Information
Standard status
Active
Size
1,309 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Asking Price
$350,000
Taxes and HOA fees
Annual Taxes
$4,417
Amenities
indoor swimming pool
outdoor swimming pool
tennis courts
fitness center
library
hair salon
convenience store
24-hour security
private balcony
washer and dryer
Building Details
Building Size
1,309 SF
Year Built
1979
Listing Agency:
Compass
Listed By:
Michael W Seay Jr. · License #0225237039
(202) 415-4992
Source:
Irvinrealtyllc
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 26 at 8:39PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,098-square-foot residence in Watergate at Landmark was built in 1979 and includes two bedrooms and two full bathrooms. Its layout features a living room, a separate dining area, and an eat-in kitchen with granite countertops and an in-kitchen washer and dryer. The primary bedroom has an en-suite bathroom and walk-in closet; the second bedroom also includes a walk-in closet. A private balcony extends the living area outdoors.
Community amenities include indoor and outdoor pools, tennis courts, a fitness center, a library, a hair salon, a convenience store, and 24-hour security. Electricity, gas, water, and trash are covered by the condo fee. A community shuttle serves the Van Dorn Street Metro station, with access to routes across Alexandria, Washington, D.C., and Northern Virginia.
Community amenities include indoor and outdoor pools, tennis courts, a fitness center, a library, a hair salon, a convenience store, and 24-hour security. Electricity, gas, water, and trash are covered by the condo fee. A community shuttle serves the Van Dorn Street Metro station, with access to routes across Alexandria, Washington, D.C., and Northern Virginia.
Key Highlights
- 1,098‑square‑foot residence with two bedrooms and two full bathrooms
- Private balcony
- Eat‑in kitchen with granite countertops and washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,066
Cap Rate
5.15%
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 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$727.1K
$636.2K – $848.2K
NOI $50,894 @ 7.0% cap · market cap 13.05%
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 1,098-square-foot residence has two bedrooms, two full bathrooms, and a private balcony.
Where is this residential income property located?
The property is located at 309 YOAKUM PARKWAY Unit 1716 Alexandria, VA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1,098‑square‑foot residence with two bedrooms and two full bathrooms; Private balcony; Eat‑in kitchen with granite countertops and washer and dryer
