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Live-Work Condominium Unit

4600 Duke St #413 Alexandria, VA 22304

4600 Duke St #413, Alexandria, VA, 22304
$240,000
For Sale
Claim this Listing
$240,000

2-bedroom, 1-bath condo with 9-foot ceilings, hardwood floors, and large windows, offered in a mixed-use RC zoning district.

Property Size1,140 SF
Price / SF$210.53
AddedJul 9
Days on Market8
Last RefreshJul 15 at 9:11 pm

Property Features for 4600 Duke St #413

General Information

Standard status
Active
Size
1,140 SF
Property subtype
Commercial

Building Details

Year Built
1967

Listing office CENTURY 21 REDWOOD REALTY

Listing date Jul 9, 2026

Source Corcoran

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 CENTURY 21 REDWOOD REALTY


Investment Insights

Based on property information with market context.

Unit 413 is a 2-bedroom, 1-bath live-work style condominium featuring 9-foot ceilings and original hardwood floors. The interior offers an open-concept central area that can be used as a living/dining space or configured as a professional reception area with multiple workstations. A primary room provides space for a bedroom or principal office, and a secondary room can serve as a second bedroom, conference room, or private consultation area. A full ceramic-tile bathroom completes the unit.

Zoned RC (Residential-Commercial Mixed-Use), the space is described as cleared for full residential occupancy, commercial business operations, or an integrated live/work configuration. The unit is located within the Forty Six Hundred condominium community, a 16-story building with over 400 residential units, five elevators, a secure lobby with 24/7 concierge service, and a dedicated storage unit with permit parking. The association fee is reported to cover primary utilities, including electricity, heating, cooling, gas, water, sewer, and trash disposal. Day-to-day convenience includes an ALDI outside the building and the Foxchase Shopping Center directly across the street, while Holmes Run Trail access and Ben Brenman Park walking paths are located immediately behind the complex.

Key Highlights

  • 1,140 finished SF condo in Forty Six Hundred with 2 bedrooms and 1 full bathroom
  • Year built 1967; 9‑foot ceilings, original hardwood floors, and large windows with city views
  • RC (Residential‑Commercial Mixed‑Use) zoning supporting residential use, commercial business operations, or live/work configuration

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $34.2k $30.00
− Vacancy −$2.4k −$2.10
EGI $31.8k $27.90
− OpEx −$11.9k −$10.46
NOI $19.9k $17.44
1,140 SF · lease $30.00/SF/yr · vacancy 7.00% · expense 37.50%

Alternative Uses

Best Use
Mixed Use
$284.0K
$248.5K – $331.3K (±1% cap)
NOI $19,879 @ 7.0% cap · market cap 8.28%
Second Best
Healthcare Medical
$255.5K
$223.5K – $298.0K (±1% cap)
NOI $17,882 @ 7.0% cap · market cap 7.45%
Theoretical Best
Specialty Retail
$633.2K
$554.0K – $738.7K (±1% cap)
NOI $44,323 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

4600 Duke Street ... Condominium Complex 1 800 Bondsman Law Firm Alexandria Firefighters Inc Advocacy Group Bethesda Natural Pain ... Physician Queen braiding hair ... Hair Salon

Suggested Use

Law Firm Parking Lot & Garage Real Estate Agency Restaurant Hair Salon Spa & Massage Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Nail Salon Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Live-work space - 2-bedroom, 1-bath condo with 9-foot ceilings, hardwood floors, and large windows, offered in a mixed-use RC zoning district.
Where is this live-work space located?
The property is located at 4600 Duke St #413 Alexandria, VA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,140 finished SF condo in Forty Six Hundred with 2 bedrooms and 1 full bathroom; Year built 1967; 9‑foot ceilings, original hardwood floors, and large windows with city views; RC (Residential‑Commercial Mixed‑Use) zoning supporting residential use, commercial business operations, or live/work configuration
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