Updated Residential Income
For Sale
$589,900
3101 N HAMPTON DRIVE Unit 1011, Alexandria, VA 22302
Renovated condominium residence with expansive windows, flexible two-bedroom layout, and access to building amenities.
Property Size1,379 SF
Price / SF$427.77
Days on Market118
Property Features for 3101 N HAMPTON DRIVE Unit 1011
General Information
Standard status
Active
Size
1,379 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,763
Amenities
concierge service
outdoor swimming pool
fitness center
secure building access
garage parking
in-unit washer and dryer
storage space
Building Details
Building Size
1,379 SF
Year Built
2004
Listing Agency:
Giant Realty, Inc.
Listed By:
Beom-Gu Yeo · License #0225065194
(703) 303-4886
Source:
Barnesrealestatecompany
Added: Jun 11
Changed: Oct 3
Last Checked: Oct 6 at 12:21AM
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 Giant Realty, Inc.
Investment Insights
Based on property information with market context.
This 1,379-square-foot condominium residence occupies the 10th floor of NorthHampton Place and includes two bedrooms, an open living and dining area, and an updated kitchen with granite countertops, stainless steel appliances, substantial cabinetry, and a breakfast bar. The primary suite has a walk-in closet and private bath, while the second bedroom can serve as guest accommodation or office space. Interior improvements include a new HVAC system, new carpeting, luxury vinyl plank flooring, fresh paint, and an in-unit washer and dryer.
Floor-to-ceiling windows provide treetop and skyline views. Building amenities include concierge service, an outdoor swimming pool, fitness center, secure access, garage parking, and maintained common areas. The property is near I-395, the Pentagon, Amazon HQ2, Old Town Alexandria, Reagan National Airport, Washington, D.C., shopping, dining, and major commuter routes. NorthHampton Place was built in 2004.
Floor-to-ceiling windows provide treetop and skyline views. Building amenities include concierge service, an outdoor swimming pool, fitness center, secure access, garage parking, and maintained common areas. The property is near I-395, the Pentagon, Amazon HQ2, Old Town Alexandria, Reagan National Airport, Washington, D.C., shopping, dining, and major commuter routes. NorthHampton Place was built in 2004.
Key Highlights
- 10th‑floor, 1,379‑square‑foot condominium residence
- Two‑bedroom layout with primary suite, private bath, and walk‑in closet
- Renovated with new HVAC, stainless steel appliances, carpeting, LVP flooring, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,139
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,780
$422.8K
Cap Rate 7%
$301,986
$302.0K
Cap Rate 9%
$234,878
$234.9K
Market Conditions
NOI Build-Up for 1,379 SF
Gross rent
$40.5K $29.40/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$38.4K $27.87/SF
− OpEx
−$17.3K −$12.54/SF
NOI
$21.1K $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%
$422,780
Cap Rate 7%
$301,986
Cap Rate 9%
$234,878
Alternative Uses
Best Use
Apartment 5plus
$302.0K
$264.2K – $352.3K
NOI $21,139 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$765.9K
$670.2K – $893.6K
NOI $53,616 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 22302, VA
17,972
Population
9,660
Households
1.9
Avg Household Size
38
Median Age
70%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
7,814
Density / Sq Mi
$127,037
Median Household Income
$83,782
Median Earnings
$2,039
Median Rent
$630,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condominium residence with expansive windows, flexible two-bedroom layout, and access to building amenities.
Where is this residential income property located?
The property is located at 3101 N HAMPTON DRIVE Unit 1011 Alexandria, VA.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: 10th‑floor, 1,379‑square‑foot condominium residence; Two‑bedroom layout with primary suite, private bath, and walk‑in closet; Renovated with new HVAC, stainless steel appliances, carpeting, LVP flooring, and paint
