One-Bedroom Residential Income
For Sale
$289,000
3105 MARTHA CUSTIS DRIVE, Alexandria, VA 22302
The second-floor residence combines updated interior finishes with access to recreation and community amenities.
Property Size805 SF
Price / SF$359.01
Days on Market32
Property Features for 3105 MARTHA CUSTIS DRIVE
General Information
Standard status
Active
Size
805 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Ridge/Rosemont
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,726
Amenities
pool
tennis court
pickleball
Building Details
Building Size
805 SF
Year Built
1941
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 27
Changed: Oct 27
Last Checked: Oct 26 at 2:47PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 805-square-foot Monroe unit sits on the second floor and includes one bedroom, two closets, and a full bathroom. Fresh paint, updated windows, new kitchen flooring, hardwood parquet floors, and natural light shape the interior. The home was built in 1941 and looks onto a courtyard within ParkFairfax, a community with three swimming pools, tennis courts, pickleball, and outdoor concerts.
The 104 DASH bus stop is a few steps from the unit. Safeway and Fresh Market are walkable, while Shirlington is about a mile away. The location also offers access to Mark Center, Potomac Yard, and the Pentagon within a short drive. Street parking is available.
The 104 DASH bus stop is a few steps from the unit. Safeway and Fresh Market are walkable, while Shirlington is about a mile away. The location also offers access to Mark Center, Potomac Yard, and the Pentagon within a short drive. Street parking is available.
Key Highlights
- 805‑square‑foot second‑floor Monroe unit with one bedroom and two closets
- Full bathroom; updated windows, new kitchen flooring, hardwood parquet floors, and fresh paint
- ParkFairfax amenities include three swimming pools, tennis courts, pickleball, and outdoor concerts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,340
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,800
$246.8K
Cap Rate 7%
$176,286
$176.3K
Cap Rate 9%
$137,111
$137.1K
Market Conditions
NOI Build-Up for 805 SF
Gross rent
$23.7K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.4K $27.87/SF
− OpEx
−$10.1K −$12.54/SF
NOI
$12.3K $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%
$246,800
Cap Rate 7%
$176,286
Cap Rate 9%
$137,111
Alternative Uses
Best Use
Apartment 5plus
$176.3K
$154.3K – $205.7K
NOI $12,340 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$447.1K
$391.2K – $521.6K
NOI $31,298 @ 7.0% cap · market cap 10.83%
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
744
Businesses Nearby
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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 - The second-floor residence combines updated interior finishes with access to recreation and community amenities.
Where is this residential income property located?
The property is located at 3105 MARTHA CUSTIS DRIVE Alexandria, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 805‑square‑foot second‑floor Monroe unit with one bedroom and two closets; Full bathroom; updated windows, new kitchen flooring, hardwood parquet floors, and fresh paint; ParkFairfax amenities include three swimming pools, tennis courts, pickleball, and outdoor concerts
