Residential Income Property with
For Sale
$292,000
4600 DUKE STREET Unit 519, Alexandria, VA 22304
The professionally managed building provides secure entry, laundry facilities on each floor, and access to an outdoor pool.
Property Size1,364 SF
Days on Market193
Property Features for 4600 DUKE STREET Unit 519
General Information
Standard status
Active
Size
1,364 SF
Total Parking Spaces
3
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Eisenhower West
Highway Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,196
Amenities
concierge
outdoor pool
laundry facilities
landscaped common areas
Building Details
Building Size
1,364 SF
Year Built
1967
Listing Agency:
Corcoran McEnearney
Listed By:
Dana Zalowski · License #SP98372936 (DC)
(202) 503-9339
Source:
Dcmetrorealtyteam
Added: Apr 16
Changed: Oct 23
Last Checked: Oct 24 at 11:22PM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
This three-bedroom, two-bathroom residence features a combined living and dining area, an updated kitchen with quartz counters and stainless steel appliances, and a primary suite with a walk-in closet and private bathroom. Recent interior work includes new paint, lighting, flooring, and bathroom fixtures. Parquet flooring, multiple closets, and two additional bedrooms add practical everyday functionality. Three unassigned surface parking spaces convey with the property.
The professionally managed, pet-friendly building has a 24/7 concierge desk, secure access, an outdoor pool, landscaped common areas, and laundry facilities on each floor. I-395, the Pentagon, Washington, DC, parks, grocery stores, Old Town Alexandria, Shirlington, and Landmark shopping and dining are nearby.
The professionally managed, pet-friendly building has a 24/7 concierge desk, secure access, an outdoor pool, landscaped common areas, and laundry facilities on each floor. I-395, the Pentagon, Washington, DC, parks, grocery stores, Old Town Alexandria, Shirlington, and Landmark shopping and dining are nearby.
Key Highlights
- Three‑bedroom, two‑bathroom residence with a primary suite and two additional bedrooms
- Three unassigned surface parking spaces convey
- Kitchen has white shaker cabinetry, quartz counters, subway tile backsplash, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,909
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,180
$418.2K
Cap Rate 7%
$298,700
$298.7K
Cap Rate 9%
$232,322
$232.3K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$40.1K $29.40/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$38.0K $27.87/SF
− OpEx
−$17.1K −$12.54/SF
NOI
$20.9K $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%
$418,180
Cap Rate 7%
$298,700
Cap Rate 9%
$232,322
Alternative Uses
Best Use
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,909 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$757.6K
$662.9K – $883.9K
NOI $53,032 @ 7.0% cap · market cap 18.16%
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 professionally managed building provides secure entry, laundry facilities on each floor, and access to an outdoor pool.
Where is this residential income property located?
The property is located at 4600 DUKE STREET Unit 519 Alexandria, VA.
What is the asking price?
The asking price for this property is $292,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom residence with a primary suite and two additional bedrooms; Three unassigned surface parking spaces convey; Kitchen has white shaker cabinetry, quartz counters, subway tile backsplash, and stainless steel appliances
