Condominium with Private
For Sale
$193,896
4 S VAN DORN STREET Unit 603, Alexandria, VA 22304
Residents have access to shared recreation, fitness, transportation, and business amenities.
Property Size750 SF
Price / SF$258.53
Days on Market142
Property Features for 4 S VAN DORN STREET Unit 603
General Information
Standard status
Active
Size
750 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,662
Amenities
private balcony
shuttle service to Van Dorn Metro
swimming pool
fitness center
business center
tennis courts
dog park
picnic/grilling
landscaped grounds
Building Details
Building Size
750 SF
Year Built
1963
Listing Agency:
Samson Properties
Listed By:
Carla J Moore · License #0225097130
(703) 994-0508
Source:
Irvinrealtyllc
Added: Jun 9
Changed: Oct 27
Last Checked: Oct 27 at 3:59AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 750-square-foot condominium has one bedroom, one bathroom, a dining area, and a private balcony. Interior features include luxury vinyl plank flooring, granite countertops, a stainless steel five-burner gas range, and a built-in microwave. The HVAC system was updated in 2021; the building dates to 1963.
Community amenities include a swimming pool, fitness and business centers, tennis courts, a dog park, and picnic and grilling areas. Shuttle service connects residents to Van Dorn Metro. The property is near public transportation, I-395, I-495, shopping, restaurants, grocery stores, and parks. Resale is subject to the Alexandria Flexible Homeownership Assistance Program, with purchaser eligibility requirements.
Community amenities include a swimming pool, fitness and business centers, tennis courts, a dog park, and picnic and grilling areas. Shuttle service connects residents to Van Dorn Metro. The property is near public transportation, I-395, I-495, shopping, restaurants, grocery stores, and parks. Resale is subject to the Alexandria Flexible Homeownership Assistance Program, with purchaser eligibility requirements.
Key Highlights
- 750‑square‑foot condominium with one bedroom and one bathroom
- Private balcony and dedicated dining area
- HVAC updated in 2021; building constructed in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,497
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,940
$229.9K
Cap Rate 7%
$164,243
$164.2K
Cap Rate 9%
$127,744
$127.7K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$22.1K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$20.9K $27.87/SF
− OpEx
−$9.4K −$12.54/SF
NOI
$11.5K $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%
$229,940
Cap Rate 7%
$164,243
Cap Rate 9%
$127,744
Alternative Uses
Best Use
Apartment 5plus
$164.2K
$143.7K – $191.6K
NOI $11,497 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 15.04%
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
1,631
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to shared recreation, fitness, transportation, and business amenities.
Where is this residential income property located?
The property is located at 4 S VAN DORN STREET Unit 603 Alexandria, VA.
What is the asking price?
The asking price for this property is $193,896.
What are key features of this property?
This property features: 750‑square‑foot condominium with one bedroom and one bathroom; Private balcony and dedicated dining area; HVAC updated in 2021; building constructed in 1963
