Renovated Two-Bedroom Residential
For Sale
$214,999
431 N ARMISTEAD STREET Unit 604, Alexandria, VA 22312
A top-floor corner residence features a balcony, updated kitchen and bath, and refreshed interior finishes.
Property Size1,110 SF
Price / SF$193.69
Days on Market103
Property Features for 431 N ARMISTEAD STREET Unit 604
General Information
Standard status
Active
Size
1,110 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,842
Amenities
balcony
Building Details
Building Size
1,110 SF
Year Built
1963
Listing Agency:
Samson Properties
Listed By:
Margaret B Craig · License #0225215089
(571) 251-1698
Source:
Jackrealtygroup
Added: Jul 18
Changed: Oct 27
Last Checked: Oct 26 at 3:02PM
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
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 1,110-square-foot, two-bedroom, one-bathroom residence is a top-floor corner unit in a building constructed in 1963. The interior has been renovated, with new kitchen cabinetry, quartz countertops, a tile backsplash, stainless steel appliances, and updated lighting. The bathroom has also been renovated and includes a large shower. Fresh paint and new flooring extend through the unit, while both bedrooms offer large closets. A balcony adds private outdoor space.
Key Highlights
- 1,110‑square‑foot, two‑bedroom, one‑bathroom unit
- Top‑floor corner position with a balcony
- Updated kitchen with quartz countertops, tile backsplash, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,015
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,300
$340.3K
Cap Rate 7%
$243,071
$243.1K
Cap Rate 9%
$189,056
$189.1K
Market Conditions
NOI Build-Up for 1,110 SF
Gross rent
$32.6K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.9K $27.87/SF
− OpEx
−$13.9K −$12.54/SF
NOI
$17.0K $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%
$340,300
Cap Rate 7%
$243,071
Cap Rate 9%
$189,056
Alternative Uses
Best Use
Apartment 5plus
$243.1K
$212.7K – $283.6K
NOI $17,015 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$616.5K
$539.5K – $719.3K
NOI $43,157 @ 7.0% cap · market cap 20.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,391
Businesses Nearby
Explore this area
Business Placement
Demographics for 22312, VA
30,447
Population
11,191
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
5,970
Density / Sq Mi
$105,044
Median Household Income
$53,471
Median Earnings
$2,009
Median Rent
$593,600
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 - A top-floor corner residence features a balcony, updated kitchen and bath, and refreshed interior finishes.
Where is this residential income property located?
The property is located at 431 N ARMISTEAD STREET Unit 604 Alexandria, VA.
What is the asking price?
The asking price for this property is $214,999.
What are key features of this property?
This property features: 1,110‑square‑foot, two‑bedroom, one‑bathroom unit; Top‑floor corner position with a balcony; Updated kitchen with quartz countertops, tile backsplash, and stainless steel appliances
