Residential Income Property with
For Sale
$205,000
4600 DUKE STREET Unit 1511, Alexandria, VA 22304
Condominium residence with community recreation facilities and convenient access to shopping, dining, parks, and transportation.
Property Size825 SF
Days on Market57
Property Features for 4600 DUKE STREET Unit 1511
General Information
Standard status
Active
Size
825 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Eisenhower West
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,487
Amenities
swimming pool
fitness center
tennis courts
Building Details
Building Size
825 SF
Year Built
1967
Listing Agency:
Century 21 Redwood Realty
Listed By:
WAI LUN L LEUNG · License #0225204506
(571) 497-4607
Source:
Dcmetrorealtyteam
Added: Aug 30
Changed: Oct 24
Last Checked: Oct 24 at 10:55PM
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 condominium residence occupies the 15th floor of an elevator-served community built in 1967. The home provides a practical living arrangement with generous interior space, natural light, and the convenience of high-rise residential living without single-family exterior maintenance responsibilities.
Community amenities include a swimming pool, fitness center, tennis courts, and additional areas for relaxation and recreation. The property is located on Duke Street in Alexandria, with shopping, restaurants, parks, services, transportation, and major commuter routes nearby. Its setting combines established community amenities with access to everyday destinations throughout Alexandria and Northern Virginia.
Community amenities include a swimming pool, fitness center, tennis courts, and additional areas for relaxation and recreation. The property is located on Duke Street in Alexandria, with shopping, restaurants, parks, services, transportation, and major commuter routes nearby. Its setting combines established community amenities with access to everyday destinations throughout Alexandria and Northern Virginia.
Key Highlights
- 15th‑floor condominium residence in an elevator building
- Community swimming pool, fitness center, and tennis courts
- Built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,647
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,940
$252.9K
Cap Rate 7%
$180,671
$180.7K
Cap Rate 9%
$140,522
$140.5K
Market Conditions
NOI Build-Up for 825 SF
Gross rent
$24.3K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$23.0K $27.87/SF
− OpEx
−$10.3K −$12.54/SF
NOI
$12.6K $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%
$252,940
Cap Rate 7%
$180,671
Cap Rate 9%
$140,522
Alternative Uses
Best Use
Apartment 5plus
$180.7K
$158.1K – $210.8K
NOI $12,647 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$458.2K
$401.0K – $534.6K
NOI $32,076 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with community recreation facilities and convenient access to shopping, dining, parks, and transportation.
Where is this residential income property located?
The property is located at 4600 DUKE STREET Unit 1511 Alexandria, VA.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 15th‑floor condominium residence in an elevator building; Community swimming pool, fitness center, and tennis courts; Built in 1967
