Residential Income Property with
For Sale
$274,900
3961 SAN LEANDRO PLACE, Alexandria, VA 22309
The condominium has three bedrooms, a den, two full bathrooms, and fresh interior paint.
Property Size1,232 SF
Price / SF$223.13
Days on Market31
Property Features for 3961 SAN LEANDRO PLACE
General Information
Standard status
Active
Size
1,232 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,140
Building Details
Building Size
1,232 SF
Year Built
1974
Listing Agency:
First Decision Realty LLC
Listed By:
Alfredo A Saldana Nunez · License #0225087263
(571) 217-1761
Source:
Irvinrealtyllc
Added: Sep 28
Changed: Oct 26
Last Checked: Oct 26 at 2:15PM
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 First Decision Realty LLC
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Investment Insights
Based on property information with market context.
This 1,232-square-foot condominium in Alexandria has three bedrooms, a separate den, and two full bathrooms. Fresh paint has been applied throughout. The property was built in 1974.
Route 1, I-495, and I-395 provide connections to Fort Belvoir and Alexandria.
Route 1, I-495, and I-395 provide connections to Fort Belvoir and Alexandria.
Key Highlights
- Three‑bedroom condominium with a separate den
- 1,232 square feet with two full bathrooms
- Fresh paint throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,886
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,720
$377.7K
Cap Rate 7%
$269,800
$269.8K
Cap Rate 9%
$209,844
$209.8K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$36.2K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$34.3K $27.87/SF
− OpEx
−$15.5K −$12.54/SF
NOI
$18.9K $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%
$377,720
Cap Rate 7%
$269,800
Cap Rate 9%
$209,844
Alternative Uses
Best Use
Apartment 5plus
$269.8K
$236.1K – $314.8K
NOI $18,886 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$684.3K
$598.8K – $798.3K
NOI $47,900 @ 7.0% cap · market cap 17.42%
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
352
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium has three bedrooms, a den, two full bathrooms, and fresh interior paint.
Where is this residential income property located?
The property is located at 3961 SAN LEANDRO PLACE Alexandria, VA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Three‑bedroom condominium with a separate den; 1,232 square feet with two full bathrooms; Fresh paint throughout
