Renovated Two-Bedroom
For Sale
$505,000
3101 N HAMPTON DRIVE Unit 704, Alexandria, VA 22302
A den, two full bathrooms, two garage parking spaces, and dedicated storage complement the updated residence.
Property Size1,254 SF
Price / SF$402.71
Days on Market34
Property Features for 3101 N HAMPTON DRIVE Unit 704
General Information
Standard status
Active
Size
1,254 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Alexandria West
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,784
Amenities
concierge
fitness center
locker rooms
sauna
community room
lounge
library
billiards room
business center
meeting room
heated pool
grills
tables
fire pits
Building Details
Building Size
1,254 SF
Year Built
2004
Stories
16
Listing Agency:
KW Metro Center
Listed By:
Gayle B Damelin · License #0225090743
(703) 624-7900
Source:
Irvinrealtyllc
Added: Sep 25
Changed: Oct 27
Last Checked: Oct 26 at 7:38PM
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 KW Metro Center
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Investment Insights
Based on property information with market context.
This 1,254-square-foot, single-level condominium has two bedrooms, a den, and two full bathrooms. Recent renovations include new HVAC, kitchen cabinetry, quartz counters, tile backsplash, and flooring. The kitchen’s refrigerator and dishwasher are less than one year old. Living and dining areas share an open layout with a gas fireplace, while the den provides additional flexible space. Each bedroom has access to a full bathroom. The unit also includes two garage parking spaces and extra storage.
The residence is in a 2004-built, 16-floor building with 225 homes. Shared amenities include a fitness center with locker rooms, sauna, community room, lounge, library, billiards room, business center, meeting room, heated pool, grills, tables, and fire pits. A concierge is available around the clock, and pets are welcome.
The building is inside the beltway in Alexandria, near the entrance to I-395. Metrobus stops behind the building, and DASH bus service connects to King St. Metro Station. Harris Teeter and Silver Diner are two blocks away; additional shops and restaurants are farther up the street.
The residence is in a 2004-built, 16-floor building with 225 homes. Shared amenities include a fitness center with locker rooms, sauna, community room, lounge, library, billiards room, business center, meeting room, heated pool, grills, tables, and fire pits. A concierge is available around the clock, and pets are welcome.
The building is inside the beltway in Alexandria, near the entrance to I-395. Metrobus stops behind the building, and DASH bus service connects to King St. Metro Station. Harris Teeter and Silver Diner are two blocks away; additional shops and restaurants are farther up the street.
Key Highlights
- 1,254‑square‑foot, single‑level residence with two bedrooms, a den, and two full bathrooms
- Two garage parking spaces and additional storage
- Renovated interior includes new HVAC, kitchen cabinetry, quartz counters, backsplash, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,223
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,460
$384.5K
Cap Rate 7%
$274,614
$274.6K
Cap Rate 9%
$213,589
$213.6K
Market Conditions
NOI Build-Up for 1,254 SF
Gross rent
$36.9K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$35.0K $27.87/SF
− OpEx
−$15.7K −$12.54/SF
NOI
$19.2K $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%
$384,460
Cap Rate 7%
$274,614
Cap Rate 9%
$213,589
Alternative Uses
Best Use
Apartment 5plus
$274.6K
$240.3K – $320.4K
NOI $19,223 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$696.5K
$609.5K – $812.6K
NOI $48,756 @ 7.0% cap · market cap 9.65%
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 den, two full bathrooms, two garage parking spaces, and dedicated storage complement the updated residence.
Where is this residential income property located?
The property is located at 3101 N HAMPTON DRIVE Unit 704 Alexandria, VA.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: 1,254‑square‑foot, single‑level residence with two bedrooms, a den, and two full bathrooms; Two garage parking spaces and additional storage; Renovated interior includes new HVAC, kitchen cabinetry, quartz counters, backsplash, and flooring
