Renovated Condominium with
For Sale
$575,000
3101 N HAMPTON DRIVE Unit 1101, Alexandria, VA 22302
A 1,347-square-foot residence combines a private outdoor space with an additional room suited to office use.
Property Size1,347 SF
Price / SF$426.87
Days on Market9
Property Features for 3101 N HAMPTON DRIVE Unit 1101
General Information
Standard status
Active
Size
1,347 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,160
Amenities
private balcony
fireplace
den/office
white kitchen
quartz island
pendant lights
LG appliances
recessed LED lights
bamboo flooring
spa-like bathrooms
24/7 concierge
exercise room
sauna
locker room
community pool
manicured lawns
picnic area
fire pits
grill area
business center
community room
on-site management
Building Details
Building Size
1,347 SF
Year Built
2004
Listing Agency:
RE/MAX Allegiance
Listed By:
Elena G Gorbounova · License #0225094246
(703) 625-7888
Source:
Kerishull
Added: Oct 12
Changed: Oct 20
Last Checked: Oct 19 at 1:36PM
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 RE/MAX Allegiance
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Investment Insights
Based on property information with market context.
This 1,347-square-foot condominium has a den, balcony, and fireplace. The kitchen features white cabinetry, a quartz island, and LG appliances; bamboo flooring and recessed LED lighting extend through the interior. Renovations include spa-style bathrooms, while the Lennox HVAC system was updated in 2019.
Residents have access to a 24/7 concierge, fitness room, sauna, pool, business center, community room, and landscaped outdoor areas with picnic and grilling facilities. Common areas were renovated in 2020, and the hallways were updated in 2023. The condo fee covers water, sewer, trash, parking, and seasonal HVAC and fireplace inspections, among other services.
The community offers direct access to I-395 and express and daily Metro bus service, as well as DASH service to King Street Metro. Gateway Alexandria, with Harris Teeter as its anchor, is a short walk away. The community permits one dog of any weight or up to two pets weighing no more than 35 pounds each at maturity.
Residents have access to a 24/7 concierge, fitness room, sauna, pool, business center, community room, and landscaped outdoor areas with picnic and grilling facilities. Common areas were renovated in 2020, and the hallways were updated in 2023. The condo fee covers water, sewer, trash, parking, and seasonal HVAC and fireplace inspections, among other services.
The community offers direct access to I-395 and express and daily Metro bus service, as well as DASH service to King Street Metro. Gateway Alexandria, with Harris Teeter as its anchor, is a short walk away. The community permits one dog of any weight or up to two pets weighing no more than 35 pounds each at maturity.
Key Highlights
- 1,347‑square‑foot condominium with den, balcony, and fireplace
- Quartz kitchen island, white cabinetry, and LG appliances
- Lennox HVAC updated in 2019; bathrooms have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,648
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,960
$413.0K
Cap Rate 7%
$294,971
$295.0K
Cap Rate 9%
$229,422
$229.4K
Market Conditions
NOI Build-Up for 1,347 SF
Gross rent
$39.6K $29.40/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$37.5K $27.87/SF
− OpEx
−$16.9K −$12.54/SF
NOI
$20.6K $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%
$412,960
Cap Rate 7%
$294,971
Cap Rate 9%
$229,422
Alternative Uses
Best Use
Apartment 5plus
$295.0K
$258.1K – $344.1K
NOI $20,648 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$748.2K
$654.6K – $872.9K
NOI $52,371 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
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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 - A 1,347-square-foot residence combines a private outdoor space with an additional room suited to office use.
Where is this residential income property located?
The property is located at 3101 N HAMPTON DRIVE Unit 1101 Alexandria, VA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,347‑square‑foot condominium with den, balcony, and fireplace; Quartz kitchen island, white cabinetry, and LG appliances; Lennox HVAC updated in 2019; bathrooms have been renovated
