Two-Bedroom Residential Income
For Sale
$290,000
3342 S 28TH STREET Unit 403, Alexandria, VA 22302
The upper-floor layout features an open kitchen and dining area, a deck, and in-unit laundry.
Property Size875 SF
Price / SF$331.43
Days on Market169
Property Features for 3342 S 28TH STREET Unit 403
General Information
Standard status
Active
Size
875 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Alexandria West
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,327
Amenities
in-unit laundry
deck
kitchen island
Building Details
Building Size
875 SF
Year Built
1961
Listing Agency:
Real Broker, LLC
Listed By:
Lauryn E Eadie · License #0225102469
(703) 898-4771
Source:
Jackrealtygroup
Added: May 13
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 875-square-foot, two-bedroom residence is on the top floor of a building constructed in 1961. Its kitchen island opens to the living and dining areas, while sliding glass doors provide access to a deck. Laundry is located in the unit.
The property has convenient access to Metro service, I-395, and neighborhood parks.
The property has convenient access to Metro service, I-395, and neighborhood parks.
Key Highlights
- Two bedrooms and 875 SF
- Top‑floor residence with deck access through sliding glass doors
- Open kitchen with island adjoining the living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,413
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,260
$268.3K
Cap Rate 7%
$191,614
$191.6K
Cap Rate 9%
$149,033
$149.0K
Market Conditions
NOI Build-Up for 875 SF
Gross rent
$25.7K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$24.4K $27.87/SF
− OpEx
−$11.0K −$12.54/SF
NOI
$13.4K $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%
$268,260
Cap Rate 7%
$191,614
Cap Rate 9%
$149,033
Alternative Uses
Best Use
Apartment 5plus
$191.6K
$167.7K – $223.6K
NOI $13,413 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,793
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 upper-floor layout features an open kitchen and dining area, a deck, and in-unit laundry.
Where is this residential income property located?
The property is located at 3342 S 28TH STREET Unit 403 Alexandria, VA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two bedrooms and 875 SF; Top‑floor residence with deck access through sliding glass doors; Open kitchen with island adjoining the living and dining areas
