Updated Residential Income
For Sale
$250,000
3808 LARAMIE PLACE Unit B, Alexandria, VA 22309
An updated two-bedroom residence offers low-maintenance living near commuter routes and local shopping.
Property Size868 SF
Price / SF$288.02
Days on Market191
Property Features for 3808 LARAMIE PLACE Unit B
General Information
Standard status
Active
Size
868 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,573
Building Details
Building Size
868 SF
Year Built
1974
Listing Agency:
Allison James Estates & Homes
Listed By:
Charles C Hoskins · License #0225103552
(240) 876-9441
Source:
Irvinrealtyllc
Added: Apr 21
Changed: Oct 27
Last Checked: Oct 27 at 3:29AM
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 Allison James Estates & Homes
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 868-square-foot condominium has two bedrooms and was built in 1974. The residence has been updated and is presented as a low-maintenance home in Alexandria.
Fort Belvoir, Old Town Alexandria, major commuter routes, shopping, dining, and the Potomac River are described as minutes away. The property is identified as Unit B at 3808 Laramie Place.
Fort Belvoir, Old Town Alexandria, major commuter routes, shopping, dining, and the Potomac River are described as minutes away. The property is identified as Unit B at 3808 Laramie Place.
Key Highlights
- Two‑bedroom condominium
- 868 square feet
- Built in 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,306
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,120
$266.1K
Cap Rate 7%
$190,086
$190.1K
Cap Rate 9%
$147,844
$147.8K
Market Conditions
NOI Build-Up for 868 SF
Gross rent
$25.5K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$24.2K $27.87/SF
− OpEx
−$10.9K −$12.54/SF
NOI
$13.3K $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%
$266,120
Cap Rate 7%
$190,086
Cap Rate 9%
$147,844
Alternative Uses
Best Use
Apartment 5plus
$190.1K
$166.3K – $221.8K
NOI $13,306 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$482.1K
$421.9K – $562.5K
NOI $33,748 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Explore this area
Business Placement
Demographics for 22309, VA
33,773
Population
13,082
Households
2.6
Avg Household Size
38
Median Age
44%
College-Educated
86%
High-School Grad
7.5 sq mi
ZIP Area
4,503
Density / Sq Mi
$101,556
Median Household Income
$47,738
Median Earnings
$1,749
Median Rent
$539,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - An updated two-bedroom residence offers low-maintenance living near commuter routes and local shopping.
Where is this residential income property located?
The property is located at 3808 LARAMIE PLACE Unit B Alexandria, VA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom condominium; 868 square feet; Built in 1974
