Penthouse Condo in Residential Income
For Sale
$192,000
4 S VAN DORN Unit 602, Alexandria, VA 22304
Sixth-floor penthouse-style 1-bedroom condo with open layout, floor-to-ceiling windows, and condo-covered community services.
Property Size750 SF
Days on Market98
Property Features for 4 S VAN DORN Unit 602
General Information
Standard status
Active
Size
750 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,302
Amenities
package lockers
on-site management
Metro shuttle service
Building Details
Building Size
750 SF
Year Built
1963
Buildings
1
Stories
6
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Anastasiia Kulin · License #0225231217
(202) 445-4436
Source:
Dcmetrorealtyteam
Added: Jul 1
Changed: Oct 3
Last Checked: Oct 5 at 9:58PM
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 Pearson Smith Realty, LLC
Investment Insights
Based on property information with market context.
Bright, inviting penthouse-level 1-bedroom, 1-bath condo on the sixth floor offers an open-concept layout designed for comfortable living and entertaining. The main living area features hardwood floors, with a kitchen that includes granite countertops and stainless steel appliances, plus a gas range. Floor-to-ceiling windows bring in abundant natural light, and custom solar shades in the living room add comfort and energy efficiency. The condo is part of a residential building constructed in 1963.
The condo fee includes all utilities except electricity and provides access to community amenities, including package lockers and on-site management, along with a Metro shuttle service. The property is positioned near I-395 and I-495 and is described as being close to the Pentagon and Washington, D.C., plus shopping and dining.
The home is also noted as being near the WestEnd Alexandria redevelopment, with the new Inova Alexandria Hospital campus identified as an area anchor.
The condo fee includes all utilities except electricity and provides access to community amenities, including package lockers and on-site management, along with a Metro shuttle service. The property is positioned near I-395 and I-495 and is described as being close to the Pentagon and Washington, D.C., plus shopping and dining.
The home is also noted as being near the WestEnd Alexandria redevelopment, with the new Inova Alexandria Hospital campus identified as an area anchor.
Key Highlights
- Penthouse‑level 1‑bedroom, 1‑bath condo on the sixth floor
- Open‑concept layout with floor‑to‑ceiling windows and hardwood floors
- Kitchen with granite countertops, stainless steel appliances, and gas range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,497
Cap Rate
5.99%
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 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Sixth-floor penthouse-style 1-bedroom condo with open layout, floor-to-ceiling windows, and condo-covered community services.
Where is this residential income property located?
The property is located at 4 S VAN DORN Unit 602 Alexandria, VA.
What is the asking price?
The asking price for this property is $192,000.
What are key features of this property?
This property features: Penthouse‑level 1‑bedroom, 1‑bath condo on the sixth floor; Open‑concept layout with floor‑to‑ceiling windows and hardwood floors; Kitchen with granite countertops, stainless steel appliances, and gas range
