Residential Income Property with
For Sale
$429,159
4550 STRUTFIELD LANE Unit 2129, Alexandria, VA 22311
This corner residence has private outdoor space, in-unit laundry, and one assigned garage parking space.
Property Size878 SF
Price / SF$488.79
Days on Market55
Property Features for 4550 STRUTFIELD LANE Unit 2129
General Information
Standard status
Active
Size
878 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Alexandria West
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$4,462
Amenities
outdoor pool
24-hour fitness center
community room
Building Details
Building Size
878 SF
Year Built
2000
Listing Agency:
Jack Realty Group
Listed By:
John Pruski
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 26 at 10:28AM
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
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 878-square-foot corner residence at Palazzo at Park Center has two bedrooms, one bathroom, and two private balconies. Interior features include wood floors, crown molding, recessed lighting, palladium windows, stainless steel kitchen appliances, and an enclosed full-size washer and dryer. A secure private storage room and one assigned garage space are included; the unit also comes with a pass for unassigned parking. Built in 2000, the property is presented as move-in ready.
Community amenities include an outdoor pool, a 24-hour fitness center, and a community room. I-395 is immediately accessible, and a DASH bus stop is at the community entrance. Shops, restaurants, and entertainment in Shirlington and West End Shopping Center are nearby. Washington, D.C., the Pentagon, Old Town Alexandria, Amazon HQ2, and Reagan National Airport are also described as within easy reach.
Community amenities include an outdoor pool, a 24-hour fitness center, and a community room. I-395 is immediately accessible, and a DASH bus stop is at the community entrance. Shops, restaurants, and entertainment in Shirlington and West End Shopping Center are nearby. Washington, D.C., the Pentagon, Old Town Alexandria, Amazon HQ2, and Reagan National Airport are also described as within easy reach.
Key Highlights
- 878‑square‑foot corner unit with 2 bedrooms and 1 bathroom
- Two private balconies and a secure private storage room
- One assigned garage space plus a pass for unassigned parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,459
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,180
$269.2K
Cap Rate 7%
$192,271
$192.3K
Cap Rate 9%
$149,544
$149.5K
Market Conditions
NOI Build-Up for 878 SF
Gross rent
$25.8K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$24.5K $27.87/SF
− OpEx
−$11.0K −$12.54/SF
NOI
$13.5K $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%
$269,180
Cap Rate 7%
$192,271
Cap Rate 9%
$149,544
Alternative Uses
Best Use
Apartment 5plus
$192.3K
$168.2K – $224.3K
NOI $13,459 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$487.7K
$426.7K – $569.0K
NOI $34,137 @ 7.0% cap · market cap 7.95%
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
1,412
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
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 - This corner residence has private outdoor space, in-unit laundry, and one assigned garage parking space.
Where is this residential income property located?
The property is located at 4550 STRUTFIELD LANE Unit 2129 Alexandria, VA.
What is the asking price?
The asking price for this property is $429,159.
What are key features of this property?
This property features: 878‑square‑foot corner unit with 2 bedrooms and 1 bathroom; Two private balconies and a secure private storage room; One assigned garage space plus a pass for unassigned parking
