Two-Bedroom
New
For Sale
$299,000
3320 S 28TH STREET Unit 203, Alexandria, VA 22302
The unit pairs private laundry and a balcony with access to shared recreation amenities.
Property Size890 SF
Price / SF$335.96
Days on Market6
Property Features for 3320 S 28TH STREET Unit 203
General Information
Standard status
Active
Size
890 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Alexandria West
Highway Access
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,414
Amenities
community pool
dog park
playground
picnic areas
washer/dryer in unit
balcony
Building Details
Building Size
890 SF
Year Built
1961
Listing Agency:
LPT Realty, LLC
Listed By:
Yizreel M Urquijo · License #225231297
(202) 394-9260
Source:
Jackrealtygroup
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 2:08PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This 890-square-foot condominium was built in 1961 and has two bedrooms and one bathroom. Recent interior paint and an in-unit washer and dryer complement a balcony with a wooded outlook. The association fee covers water, sewer, parking, and use of the community pool.
Residents also have access to an on-site dog park, playground, and picnic areas. I-395 provides a driving route toward the Pentagon, Old Town Alexandria, Arlington, and Washington, DC. Dining and entertainment choices are available in Shirlington, with Harris Teeter and other shopping options along Leesburg Pike.
Residents also have access to an on-site dog park, playground, and picnic areas. I-395 provides a driving route toward the Pentagon, Old Town Alexandria, Arlington, and Washington, DC. Dining and entertainment choices are available in Shirlington, with Harris Teeter and other shopping options along Leesburg Pike.
Key Highlights
- 890‑square‑foot unit with 2 bedrooms and 1 bathroom
- Balcony overlooks trees
- Washer and dryer located inside the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,643
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,860
$272.9K
Cap Rate 7%
$194,900
$194.9K
Cap Rate 9%
$151,589
$151.6K
Market Conditions
NOI Build-Up for 890 SF
Gross rent
$26.2K $29.40/SF
− Vacancy
−$1.4K −$1.53/SF
EGI
$24.8K $27.87/SF
− OpEx
−$11.2K −$12.54/SF
NOI
$13.6K $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%
$272,860
Cap Rate 7%
$194,900
Cap Rate 9%
$151,589
Alternative Uses
Best Use
Apartment 5plus
$194.9K
$170.5K – $227.4K
NOI $13,643 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$494.3K
$432.5K – $576.7K
NOI $34,603 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,370
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 - The unit pairs private laundry and a balcony with access to shared recreation amenities.
Where is this residential income property located?
The property is located at 3320 S 28TH STREET Unit 203 Alexandria, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 890‑square‑foot unit with 2 bedrooms and 1 bathroom; Balcony overlooks trees; Washer and dryer located inside the unit
