Two-Bedroom Condo with
For Sale
$399,900
3311 WYNDHAM CIRCLE Unit 2202, Alexandria, VA 22302
A gated-community residence pairs an open living and dining area with two full bathrooms and in-unit laundry.
Property Size1,096 SF
Price / SF$364.87
Days on Market112
Property Features for 3311 WYNDHAM CIRCLE Unit 2202
General Information
Standard status
Active
Size
1,096 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Seminary Hill/Strawberry Hill
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,686
Amenities
outdoor pool
hot tub
sauna
fitness center
club house
party room
dog park
playground
picnic and grilling areas
car wash station
in-unit laundry
private covered balcony
Building Details
Building Size
1,096 SF
Year Built
1990
Listing Agency:
KW Metro Center
Listed By:
Nicole Lewis · License #0225223297
(267) 872-3295
Source:
Jackrealtygroup
Added: Jul 9
Changed: Oct 27
Last Checked: Oct 26 at 3:51PM
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 1,096-square-foot condominium, built in 1990, has two bedrooms and two full bathrooms. Its open living and dining area connects to a kitchen with stainless steel appliances, granite counters and a pass-through. The primary bedroom includes a walk-in closet and private bathroom; the second bedroom offers additional room for varied household needs. A covered balcony, in-unit laundry and two tandem garage spaces round out the unit. The water heater was replaced in 2020, and the HVAC system dates to 2022.
Residents of the gated community have access to an outdoor pool, hot tub, sauna, fitness center, clubhouse, party room, dog park, playground, picnic and grilling areas, and car wash station. Nearby shopping and dining destinations include Village at Shirlington, Bradlee Shopping Center and Bailey’s Crossroads. Fort Ward Park and Barcroft Park are each less than two miles away. A weekday shuttle serves Pentagon City Metro, with access to I-395, I-495 and other major roads nearby.
Residents of the gated community have access to an outdoor pool, hot tub, sauna, fitness center, clubhouse, party room, dog park, playground, picnic and grilling areas, and car wash station. Nearby shopping and dining destinations include Village at Shirlington, Bradlee Shopping Center and Bailey’s Crossroads. Fort Ward Park and Barcroft Park are each less than two miles away. A weekday shuttle serves Pentagon City Metro, with access to I-395, I-495 and other major roads nearby.
Key Highlights
- Two‑bedroom, two‑bathroom unit with 1,096 square feet
- Covered private balcony and in‑unit laundry
- Two tandem garage parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,801
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,020
$336.0K
Cap Rate 7%
$240,014
$240.0K
Cap Rate 9%
$186,678
$186.7K
Market Conditions
NOI Build-Up for 1,096 SF
Gross rent
$32.2K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.5K $27.87/SF
− OpEx
−$13.7K −$12.54/SF
NOI
$16.8K $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%
$336,020
Cap Rate 7%
$240,014
Cap Rate 9%
$186,678
Alternative Uses
Best Use
Apartment 5plus
$240.0K
$210.0K – $280.0K
NOI $16,801 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$608.7K
$532.7K – $710.2K
NOI $42,612 @ 7.0% cap · market cap 10.66%
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
1,372
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 gated-community residence pairs an open living and dining area with two full bathrooms and in-unit laundry.
Where is this residential income property located?
The property is located at 3311 WYNDHAM CIRCLE Unit 2202 Alexandria, VA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom unit with 1,096 square feet; Covered private balcony and in‑unit laundry; Two tandem garage parking spaces
