Residential Income Property with
New
For Sale
$259,995
4 S VAN DORN STREET S Unit 301, Alexandria, VA 22304
An updated condominium offers an open layout, stainless steel appliances, and a private outdoor space.
Property Size1,116 SF
Days on Market7
Property Features for 4 S VAN DORN STREET S Unit 301
General Information
Standard status
Active
Size
1,116 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,915
Amenities
fitness center
tennis courts
volleyball courts
outdoor pools
clubhouse
billiard room
business center
on-site convenience store
gas grills
shuttle to metro
Building Details
Building Size
1,116 SF
Year Built
1963
Listing Agency:
Coldwell Banker Realty
Listed By:
Hugo A Romero · License #0225069891
(703) 582-6727
Source:
Dcmetrorealtyteam
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 5:24PM
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 Coldwell Banker Realty
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 condominium unit in a residential income property features an open floor plan, updated flooring, new lighting, and stainless steel appliances. The living area connects to a private balcony with views of mature trees. The building dates to 1963, and the condo fee includes water and gas. Pets are welcome, and the seller may include furnishings in a sale.
In Alexandria’s West End, the property is just off Van Dorn Street, with access to Duke Street and I-95. A complimentary shuttle serves Van Dorn Metro Station. Community amenities include a 24-hour fitness center, four tennis courts, volleyball courts, outdoor pools, a clubhouse with a billiard room, a business center, and an on-site convenience store. A plaza outside the clubhouse has six gas grills.
In Alexandria’s West End, the property is just off Van Dorn Street, with access to Duke Street and I-95. A complimentary shuttle serves Van Dorn Metro Station. Community amenities include a 24-hour fitness center, four tennis courts, volleyball courts, outdoor pools, a clubhouse with a billiard room, a business center, and an on-site convenience store. A plaza outside the clubhouse has six gas grills.
Key Highlights
- Private balcony overlooking mature trees
- Updated flooring, new lighting, and stainless steel appliances
- Year built: 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,107
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,140
$342.1K
Cap Rate 7%
$244,386
$244.4K
Cap Rate 9%
$190,078
$190.1K
Market Conditions
NOI Build-Up for 1,116 SF
Gross rent
$32.8K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$31.1K $27.87/SF
− OpEx
−$14.0K −$12.54/SF
NOI
$17.1K $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%
$342,140
Cap Rate 7%
$244,386
Cap Rate 9%
$190,078
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.8K – $285.1K
NOI $17,107 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$619.9K
$542.4K – $723.2K
NOI $43,390 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,631
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - An updated condominium offers an open layout, stainless steel appliances, and a private outdoor space.
Where is this residential income property located?
The property is located at 4 S VAN DORN STREET S Unit 301 Alexandria, VA.
What is the asking price?
The asking price for this property is $259,995.
What are key features of this property?
This property features: Private balcony overlooking mature trees; Updated flooring, new lighting, and stainless steel appliances; Year built: 1963
