Three-Bedroom
New
For Sale
$289,900
4600 DUKE STREET Unit 1009, Alexandria, VA 22304
Residents have access to a fitness center, outdoor pool, game room, and staffed front desk.
Property Size1,472 SF
Days on Market6
Property Features for 4600 DUKE STREET Unit 1009
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Asking Price
$289,900
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,263
Amenities
24-hour front desk
fitness center
outdoor pool
game room
Building Details
Building Size
1,472 SF
Year Built
1967
Listing Agency:
Kaga Realty Group LLC
Listed By:
Wahid U Khugyani · License #0225265917
(571) 499-3368
Source:
Dcmetrorealtyteam
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:04PM
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 Kaga Realty Group LLC
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Investment Insights
Based on property information with market context.
This 10th-floor condominium offers three bedrooms, two bathrooms, and more than 1,400 square feet. Interior features include fresh paint, luxury vinyl plank flooring, replacement kitchen cabinetry, updated bathroom finishes, and mostly replaced windows. Skyline views are also part of the unit. The building dates to 1967, and its amenities include a 24-hour front desk, fitness center, outdoor pool, and game room. Utilities are included in the condo fee.
The property is near Old Town Alexandria, Metro access, shopping, dining, and major commuter routes. The unit is offered in as-is condition.
The property is near Old Town Alexandria, Metro access, shopping, dining, and major commuter routes. The unit is offered in as-is condition.
Key Highlights
- Three bedrooms and two bathrooms on the 10th floor
- More than 1,400 square feet
- Kitchen cabinetry replaced; bathroom features updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,565
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,300
$451.3K
Cap Rate 7%
$322,357
$322.4K
Cap Rate 9%
$250,722
$250.7K
Market Conditions
NOI Build-Up for 1,472 SF
Gross rent
$43.3K $29.40/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$41.0K $27.87/SF
− OpEx
−$18.5K −$12.54/SF
NOI
$22.6K $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%
$451,300
Cap Rate 7%
$322,357
Cap Rate 9%
$250,722
Alternative Uses
Best Use
Apartment 5plus
$322.4K
$282.1K – $376.1K
NOI $22,565 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$817.6K
$715.4K – $953.9K
NOI $57,231 @ 7.0% cap · market cap 19.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
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 - Residents have access to a fitness center, outdoor pool, game room, and staffed front desk.
Where is this residential income property located?
The property is located at 4600 DUKE STREET Unit 1009 Alexandria, VA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Three bedrooms and two bathrooms on the 10th floor; More than 1,400 square feet; Kitchen cabinetry replaced; bathroom features updated
