One-Bedroom Residential
For Sale
$239,900
3222 S 28TH STREET Unit 402, Alexandria, VA 22302
Residents have access to a community pool and picnic area, with assigned parking and an in-unit washer and dryer.
Property Size720 SF
Price / SF$333.19
Days on Market112
Property Features for 3222 S 28TH STREET Unit 402
General Information
Standard status
Active
Size
720 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Alexandria West
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,868
Amenities
pool
picnic area
in-unit washer/dryer
Building Details
Building Size
720 SF
Year Built
1961
Listing Agency:
Jobin Realty
Listed By:
James (Jim) G Kanala · License #0225018924
(703) 593-7008
Source:
Jackrealtygroup
Added: Jul 9
Changed: Oct 27
Last Checked: Oct 26 at 2:55PM
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 Jobin Realty
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Investment Insights
Based on property information with market context.
This residential condominium has 720 square feet, with one bedroom and one bathroom. Its open layout connects the living and dining areas to the kitchen, and the unit includes an in-unit washer and dryer. Carpeted living areas and window treatments are also present.
The property is in Alexandria, Virginia, with public transportation described as minutes away and the airport less than 10 miles from the home. Community amenities include a pool and picnic area. Assigned parking is provided, and the association fee covers lawn maintenance and snow removal.
The property is in Alexandria, Virginia, with public transportation described as minutes away and the airport less than 10 miles from the home. Community amenities include a pool and picnic area. Assigned parking is provided, and the association fee covers lawn maintenance and snow removal.
Key Highlights
- 720‑square‑foot condominium with one bedroom and one bathroom
- Open floor plan connects the living area, dining area, and kitchen
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,037
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,740
$220.7K
Cap Rate 7%
$157,671
$157.7K
Cap Rate 9%
$122,633
$122.6K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$21.2K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$20.1K $27.87/SF
− OpEx
−$9.0K −$12.54/SF
NOI
$11.0K $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%
$220,740
Cap Rate 7%
$157,671
Cap Rate 9%
$122,633
Alternative Uses
Best Use
Apartment 5plus
$157.7K
$138.0K – $184.0K
NOI $11,037 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$399.9K
$349.9K – $466.6K
NOI $27,994 @ 7.0% cap · market cap 11.67%
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
1,370
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 - Residents have access to a community pool and picnic area, with assigned parking and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 3222 S 28TH STREET Unit 402 Alexandria, VA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 720‑square‑foot condominium with one bedroom and one bathroom; Open floor plan connects the living area, dining area, and kitchen; In‑unit washer and dryer
