Updated Residential
For Sale
$275,000
4600 DUKE STREET Unit 303, Alexandria, VA 22304
The unit includes in-home laundry, with electricity, gas, water, and trash covered by HOA fees.
Property Size1,140 SF
Price / SF$241.23
Days on Market119
Property Features for 4600 DUKE STREET Unit 303
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Eisenhower West
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,809
Amenities
onsite gym
pool
washer/dryer
Building Details
Building Size
1,140 SF
Year Built
1967
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Kimberly Oliver · License #0225242403
(571) 443-1854
Source:
Jackrealtygroup
Added: Jul 2
Changed: Oct 27
Last Checked: Oct 26 at 3:38PM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,140-square-foot condominium has two bedrooms and one bathroom, with fresh paint, an updated kitchen, and a renovated bathroom. A washer and dryer are located in the unit. The building dates to 1967, and HOA fees include electricity, gas, water, and trash; residents also have access to an on-site gym and pool, as well as maintenance services.
At 4600 Duke Street in Alexandria, the property is described as minutes from Old Town Alexandria, I-395, the Pentagon, Washington, D.C., shopping, dining, parks, and public transportation.
At 4600 Duke Street in Alexandria, the property is described as minutes from Old Town Alexandria, I-395, the Pentagon, Washington, D.C., shopping, dining, parks, and public transportation.
Key Highlights
- 1,140 square feet with two bedrooms and one bathroom
- Kitchen updates and renovated bathroom
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,475
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,500
$349.5K
Cap Rate 7%
$249,643
$249.6K
Cap Rate 9%
$194,167
$194.2K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$33.5K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$31.8K $27.87/SF
− OpEx
−$14.3K −$12.54/SF
NOI
$17.5K $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%
$349,500
Cap Rate 7%
$249,643
Cap Rate 9%
$194,167
Alternative Uses
Best Use
Apartment 5plus
$249.6K
$218.4K – $291.3K
NOI $17,475 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway 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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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes in-home laundry, with electricity, gas, water, and trash covered by HOA fees.
Where is this residential income property located?
The property is located at 4600 DUKE STREET Unit 303 Alexandria, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,140 square feet with two bedrooms and one bathroom; Kitchen updates and renovated bathroom; In‑unit washer and dryer
