Residential Income Property with
For Sale
$339,000
3410 GUNSTON ROAD, Alexandria, VA 22302
The two-bedroom, one-bath residence offers single-level living and direct access to a private garden patio.
Property Size900 SF
Price / SF$376.67
Days on Market70
Property Features for 3410 GUNSTON ROAD
General Information
Standard status
Active
Size
900 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
cosmetic updates
Site & Location
Neighborhood
North Ridge/Rosemont
Highway Access
Yes
Units
Unit Mix
2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,820
Amenities
3 swimming pools
tennis courts
fitness center
basketball court
woodland walking trails
green spaces
Building Details
Building Size
900 SF
Year Built
1941
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 26 at 3:38PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 900-square-foot, one-level condo has two bedrooms and one bathroom. Large windows bring daylight into the living and dining area, while glass doors open to a private patio and landscaped garden space. Original parquet flooring remains in excellent condition, and the kitchen includes appliances and storage. The primary bedroom has three closets; the second bedroom has two. The property was built in 1941 and offers room for cosmetic personalization.
Residents have access to three swimming pools, tennis courts, a fitness center, a basketball court, woodland walking trails, and green spaces. Parking is steps from the building. The location is minutes from Shirlington’s restaurants, cafes, and boutiques, with access to I-395, Washington, DC, National Landing, Amazon HQ2, and nearby parks.
Residents have access to three swimming pools, tennis courts, a fitness center, a basketball court, woodland walking trails, and green spaces. Parking is steps from the building. The location is minutes from Shirlington’s restaurants, cafes, and boutiques, with access to I-395, Washington, DC, National Landing, Amazon HQ2, and nearby parks.
Key Highlights
- 900‑square‑foot, two‑bedroom, one‑bath condo built in 1941
- Private garden patio with direct access from the living area
- One‑level layout with living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,796
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,920
$275.9K
Cap Rate 7%
$197,086
$197.1K
Cap Rate 9%
$153,289
$153.3K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$26.5K $29.40/SF
− Vacancy
−$1.4K −$1.53/SF
EGI
$25.1K $27.87/SF
− OpEx
−$11.3K −$12.54/SF
NOI
$13.8K $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%
$275,920
Cap Rate 7%
$197,086
Cap Rate 9%
$153,289
Alternative Uses
Best Use
Apartment 5plus
$197.1K
$172.5K – $229.9K
NOI $13,796 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$499.9K
$437.4K – $583.2K
NOI $34,992 @ 7.0% cap · market cap 10.32%
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
916
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 two-bedroom, one-bath residence offers single-level living and direct access to a private garden patio.
Where is this residential income property located?
The property is located at 3410 GUNSTON ROAD Alexandria, VA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 900‑square‑foot, two‑bedroom, one‑bath condo built in 1941; Private garden patio with direct access from the living area; One‑level layout with living and dining areas
