One-Bedroom Condominium
For Sale
$189,000
4520 KING STREET Unit 407, Alexandria, VA 22302
The condo fee includes all utilities, and the unit has a private balcony and secured building entry.
Property Size756 SF
Price / SF$250
Days on Market73
Property Features for 4520 KING STREET Unit 407
General Information
Standard status
Active
Size
756 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Alexandria West
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,916
Amenities
private balcony
secured entry
Building Details
Building Size
756 SF
Year Built
1965
Listing Agency:
EXP Realty, LLC
Listed By:
Jon Bass · License #0225233704
(571) 549-1460
Source:
Jackrealtygroup
Added: Aug 17
Changed: Oct 26
Last Checked: Oct 26 at 2:49PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 756-square-foot condominium unit has one bedroom and one bathroom, hardwood floors, a private balcony, and ample storage. The unit is vacant. The building has secured entry, and the condo fee covers all utilities. Built in 1965, the property is located in Alexandria, Virginia.
A bus stop in front of the building provides service to King St. Metro. Harris Teeter is one block away, and the property has access to Rt. 7 and I-395. Shirlington, the Pentagon, Washington, D.C., and Old Town are described as minutes away. The owner also has two other units in the building; those units are occupied under month-to-month leases.
A bus stop in front of the building provides service to King St. Metro. Harris Teeter is one block away, and the property has access to Rt. 7 and I-395. Shirlington, the Pentagon, Washington, D.C., and Old Town are described as minutes away. The owner also has two other units in the building; those units are occupied under month-to-month leases.
Key Highlights
- Vacant 1BR/1BA condominium unit with 756 square feet
- Private balcony, hardwood floors, and ample storage
- Condo fee covers all utilities; secured building entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,589
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,780
$231.8K
Cap Rate 7%
$165,557
$165.6K
Cap Rate 9%
$128,767
$128.8K
Market Conditions
NOI Build-Up for 756 SF
Gross rent
$22.2K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$21.1K $27.87/SF
− OpEx
−$9.5K −$12.54/SF
NOI
$11.6K $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%
$231,780
Cap Rate 7%
$165,557
Cap Rate 9%
$128,767
Alternative Uses
Best Use
Apartment 5plus
$165.6K
$144.9K – $193.2K
NOI $11,589 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$419.9K
$367.4K – $489.9K
NOI $29,393 @ 7.0% cap · market cap 15.55%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 22302, VA
17,972
Population
9,660
Households
1.9
Avg Household Size
38
Median Age
70%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
7,814
Density / Sq Mi
$127,037
Median Household Income
$83,782
Median Earnings
$2,039
Median Rent
$630,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo fee includes all utilities, and the unit has a private balcony and secured building entry.
Where is this residential income property located?
The property is located at 4520 KING STREET Unit 407 Alexandria, VA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Vacant 1BR/1BA condominium unit with 756 square feet; Private balcony, hardwood floors, and ample storage; Condo fee covers all utilities; secured building entry
