Residential Income
For Sale
$399,900
4550 STRUTFIELD LANE Unit 2403, Alexandria, VA 22311
The renovated condominium includes two deeded parking spaces and access to an elevator, pool, clubhouse, and fitness center.
Property Size1,074 SF
Price / SF$372.35
Days on Market42
Property Features for 4550 STRUTFIELD LANE Unit 2403
General Information
Standard status
Active
Size
1,074 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Alexandria West
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,841
Amenities
outdoor swimming pool
clubhouse
community/party room
fitness center
Building Details
Building Size
1,074 SF
Year Built
2000
Construction
garden-style
Listing Agency:
Jack Realty Group
Listed By:
John Pruski
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 26 at 2:26PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,074-square-foot condominium was built in 2000 and has two bedrooms and two full bathrooms. The upper-level home features vaulted ceilings, an open living and dining area, and a private porch. Updates include luxury vinyl plank flooring, carpet, tile, granite kitchen counters, and stainless steel appliances. The unit also has a full-size washer and dryer, walk-in closets in both bedrooms, and two deeded parking spaces. Elevator access serves the building.
Residents have access to an outdoor pool, clubhouse, community room, and fitness center. The property is in Alexandria, with access to I-395 and a commuter bus stop near the community. Nearby destinations include the Pentagon, Crystal City, Old Town Alexandria, Shirlington, Washington National Airport, and downtown Washington, D.C.
Residents have access to an outdoor pool, clubhouse, community room, and fitness center. The property is in Alexandria, with access to I-395 and a commuter bus stop near the community. Nearby destinations include the Pentagon, Crystal City, Old Town Alexandria, Shirlington, Washington National Airport, and downtown Washington, D.C.
Key Highlights
- 1,074‑square‑foot condominium with two bedrooms and two full bathrooms
- Two deeded parking spaces
- Upper‑level unit with vaulted ceilings and a private porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,464
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,280
$329.3K
Cap Rate 7%
$235,200
$235.2K
Cap Rate 9%
$182,933
$182.9K
Market Conditions
NOI Build-Up for 1,074 SF
Gross rent
$31.6K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.9K $27.87/SF
− OpEx
−$13.5K −$12.54/SF
NOI
$16.5K $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%
$329,280
Cap Rate 7%
$235,200
Cap Rate 9%
$182,933
Alternative Uses
Best Use
Apartment 5plus
$235.2K
$205.8K – $274.4K
NOI $16,464 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$596.5K
$522.0K – $696.0K
NOI $41,757 @ 7.0% cap · market cap 10.44%
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
1,412
Businesses Nearby
Explore this area
Business Placement
Demographics for 22311, VA
19,934
Population
9,129
Households
2.2
Avg Household Size
34
Median Age
47%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
13,289
Density / Sq Mi
$84,759
Median Household Income
$51,504
Median Earnings
$1,909
Median Rent
$691,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The renovated condominium includes two deeded parking spaces and access to an elevator, pool, clubhouse, and fitness center.
Where is this residential income property located?
The property is located at 4550 STRUTFIELD LANE Unit 2403 Alexandria, VA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,074‑square‑foot condominium with two bedrooms and two full bathrooms; Two deeded parking spaces; Upper‑level unit with vaulted ceilings and a private porch
