14th-Floor Residential Income
4600 DUKE STREET Unit 1412, Alexandria, VA 22304
For Sale
$193,900
One-bedroom condominium with extensive shared amenities and on-site parking.
Property Size850 SF
Days on Market62
Property Features for 4600 DUKE STREET Unit 1412
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
outdoor swimming pool
tennis courts
fitness center
sauna
community room
secure entry
24-hour concierge service
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Redwood Realty
Listed By:
WAI LUN L LEUNG · License #0225204506
(571) 497-4607
Source:
Dcmetrorealtyteam
Added: Sep 9
Changed: Nov 7
Last Checked: Nov 8 at 12:36PM
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
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Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bath condominium occupies the 14th floor of a 1967 residential building and is offered strictly AS-IS. The unit provides an opportunity for a new owner to complete updates and personalize the interior. Building and community amenities include an outdoor swimming pool, tennis courts, fitness center, sauna, community room, elevators, secure entry, and 24-hour concierge service.
The property is located at 4600 Duke Street in Alexandria, with access to I-495, Route 1, Old Town Alexandria, shopping, restaurants, parks, Northern Virginia employment centers, and Washington, DC. Huntington Metro and other transportation options support regional commuting, while on-site parking adds convenience.
The property is located at 4600 Duke Street in Alexandria, with access to I-495, Route 1, Old Town Alexandria, shopping, restaurants, parks, Northern Virginia employment centers, and Washington, DC. Huntington Metro and other transportation options support regional commuting, while on-site parking adds convenience.
Key Highlights
- 1‑bedroom, 1‑bath condominium on the 14th floor
- Offered strictly AS‑IS for interior customization
- Outdoor swimming pool, tennis courts, fitness center, and sauna
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,030
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,600
$260.6K
Cap Rate 7%
$186,143
$186.1K
Cap Rate 9%
$144,778
$144.8K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$25.0K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$23.7K $27.87/SF
− OpEx
−$10.7K −$12.54/SF
NOI
$13.0K $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%
$260,600
Cap Rate 7%
$186,143
Cap Rate 9%
$144,778
Alternative Uses
Best Use
Apartment 5plus
$186.1K
$162.9K – $217.2K
NOI $13,030 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 17.04%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with extensive shared amenities and on-site parking.
Where is this residential income property located?
The property is located at 4600 DUKE STREET Unit 1412 Alexandria, VA.
What is the asking price?
The asking price for this property is $193,900.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath condominium on the 14th floor; Offered strictly AS‑IS for interior customization; Outdoor swimming pool, tennis courts, fitness center, and sauna
