Residential Income Property with
For Sale
$319,900
4600 DUKE Street, Alexandria, VA 22304
Commercial Sale, ALEXANDRIA, VA
Property Size1,403 SF
Price / SF$228.01
Days on Market20
Property Features for 4600 DUKE Street
General Information
Property type
Other
Property subtype
Office
Parking
300
Parking features
Parking Lot
Subdivision
FORTY SIX HUNDRED
Elementary school
PATRICK HENRY
Middle school
FRANCIS C. HAMMOND
High school
ALEXANDRIA CITY
Elementary school district
ALEXANDRIA CITY PUBLIC SCHOOLS
Middle school district
ALEXANDRIA CITY PUBLIC SCHOOLS
High school district
ALEXANDRIA CITY PUBLIC SCHOOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
1781
Utilities
Heating system
Forced Air, Central
Cooling system
Central Air
Amenities
club house
concierge
exercise room
outdoor pool
security
Building Details
Year built
1967
Number of units
450
Building materials
Brick Veneer
Listing Agency:
Century 21 Redwood Realty · Century 21 Real Estate
(202) 506-3674
Listed By:
WAI LUN L LEUNG · License #0225204506
(571) 497-4607
Added: Oct 2
Changed: Oct 21
Last Checked: Oct 21 at 5:06PM
MLS# VAAX2067060
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,403-square-foot condominium has three bedrooms and two bathrooms, with an open living and dining area, an eat-in kitchen, and a bedroom on the entry level. Ceramic tile flooring is installed, and the building dates to 1967. Central air conditioning and forced-air heating serve the unit.
Community amenities include a clubhouse, concierge, elevator, exercise room, outdoor pool, and security. The property is on Duke Street, with the Metro 1–3 mi away and access to I-395 nearby. The condo fee covers air conditioning, electricity, gas, heat, lawn care, pool access, and common areas.
Community amenities include a clubhouse, concierge, elevator, exercise room, outdoor pool, and security. The property is on Duke Street, with the Metro 1–3 mi away and access to I-395 nearby. The condo fee covers air conditioning, electricity, gas, heat, lawn care, pool access, and common areas.
Key Highlights
- 1,403 SF condominium with 3 bedrooms and 2 baths
- Entry‑level bedroom, open living and dining area, and eat‑in kitchen
- Community features include a clubhouse, concierge, elevator, exercise room, outdoor pool, and security
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,507
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,140
$430.1K
Cap Rate 7%
$307,243
$307.2K
Cap Rate 9%
$238,967
$239.0K
Market Conditions
NOI Build-Up for 1,403 SF
Gross rent
$41.2K $29.40/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$39.1K $27.87/SF
− OpEx
−$17.6K −$12.54/SF
NOI
$21.5K $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%
$430,140
Cap Rate 7%
$307,243
Cap Rate 9%
$238,967
Alternative Uses
Best Use
Apartment 5plus
$307.2K
$268.8K – $358.5K
NOI $21,507 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$779.3K
$681.9K – $909.2K
NOI $54,549 @ 7.0% cap · market cap 17.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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 - The three-bedroom, two-bath residence includes an eat-in kitchen and access to community amenities.
Where is this residential income property located?
The property is located at 4600 DUKE Street Alexandria, VA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 1,403 SF condominium with 3 bedrooms and 2 baths; Entry‑level bedroom, open living and dining area, and eat‑in kitchen; Community features include a clubhouse, concierge, elevator, exercise room, outdoor pool, and security
