Residential Property with Updated
For Sale
$348,000
3228 WELLINGTON ROAD, Alexandria, VA 22302
The two-level home has two bedrooms, in-unit laundry, and stainless steel kitchen appliances.
Property Size930 SF
Price / SF$374.19
Days on Market211
Property Features for 3228 WELLINGTON ROAD
General Information
Standard status
Active
Size
930 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Ridge/Rosemont
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,509
Amenities
swimming pools
volleyball courts
basketball court
tennis courts
exercise facility
tot lots
party room
car wash / maintenance yard
laundry rooms
woodland trails
Building Details
Building Size
930 SF
Year Built
1941
Listing Agency:
Corcoran McEnearney
Listed By:
Sarah Fox · License #0225232757
(202) 713-4173
Source:
Canopy-re
Added: Apr 1
Changed: Oct 27
Last Checked: Oct 26 at 12:43PM
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 Corcoran McEnearney
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 930-square-foot, two-level residence includes two bedrooms and one full bathroom. Interior features include refinished hardwood floors, granite kitchen counters, fresh paint, stainless steel appliances, a gas stove, built-in shelving, and double-pane, double-hung windows. The washer and dryer are located on the upper bedroom level, alongside a storage closet. Water, sewer, gas, and trash are covered by the condo fees.
The property is near Shirlington shops, with access to I-395 and the Pentagon Metro. Parkfairfax spans 132 landscaped and wooded acres and provides three swimming pools, seven tennis courts, volleyball and basketball courts, an exercise facility, tot lots, a party room, a car wash and maintenance yard, laundry rooms, sidewalks, and woodland trails.
The property is near Shirlington shops, with access to I-395 and the Pentagon Metro. Parkfairfax spans 132 landscaped and wooded acres and provides three swimming pools, seven tennis courts, volleyball and basketball courts, an exercise facility, tot lots, a party room, a car wash and maintenance yard, laundry rooms, sidewalks, and woodland trails.
Key Highlights
- 930‑square‑foot residence with two bedrooms and two levels
- Interior updates include refinished hardwoods, granite counters, fresh paint, and updated appliances
- Upper bedroom level has a washer and dryer, storage closet, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,256
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,120
$285.1K
Cap Rate 7%
$203,657
$203.7K
Cap Rate 9%
$158,400
$158.4K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$27.3K $29.40/SF
− Vacancy
−$1.4K −$1.53/SF
EGI
$25.9K $27.87/SF
− OpEx
−$11.7K −$12.54/SF
NOI
$14.3K $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%
$285,120
Cap Rate 7%
$203,657
Cap Rate 9%
$158,400
Alternative Uses
Best Use
Apartment 5plus
$203.7K
$178.2K – $237.6K
NOI $14,256 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$516.5K
$452.0K – $602.6K
NOI $36,158 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
875
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The two-level home has two bedrooms, in-unit laundry, and stainless steel kitchen appliances.
Where is this residential income property located?
The property is located at 3228 WELLINGTON ROAD Alexandria, VA.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: 930‑square‑foot residence with two bedrooms and two levels; Interior updates include refinished hardwoods, granite counters, fresh paint, and updated appliances; Upper bedroom level has a washer and dryer, storage closet, and full bath
