One-Bedroom Residential Income
New
For Sale
$199,900
4600 DUKE STREET Unit 1112, Alexandria, VA 22304
High-floor condominium with extensive storage, building amenities, included utilities, and transit access at the entrance.
Property Size850 SF
Days on Market3
Property Features for 4600 DUKE STREET Unit 1112
General Information
Standard status
Active
Size
850 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,540
Amenities
outdoor swimming pool
fitness center
game/party room
24-hour security
laundry room
Building Details
Building Size
850 SF
Year Built
1967
Listing Agency:
KW United
Listed By:
Arada Suwandee Grantz · License #0225068485
(703) 863-8842
Source:
Dcmetrorealtyteam
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 6:31AM
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 KW United
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium is located on the 11th floor of a 1967 building. The residence includes a large walk-in bedroom closet, a separate walk-in hall closet, and an additional storage unit. Its position near the elevator and laundry room adds convenience, while building services include 24-hour security, an outdoor swimming pool, fitness center, and game or party room. The lobby has been renovated, and exterior improvements are underway.
Foxchase Shopping Center is directly across the street and includes a 24-hour Harris Teeter, with Aldi, CVS, Walgreens, restaurants, and other daily retail nearby. Holmes Run Park and Trail is directly accessible, and Ben Brenman Park is down the street. Metro and DASH bus stops are positioned in front of the building, with access to King Street-Old Town and Van Dorn Street Metro stations, I-395, Old Town Alexandria, and Washington, DC. The future Inova Alexandria Hospital campus is anticipated to open in 2028 and is less than 1.5 miles away. The condo fee includes all utilities and internet service.
Foxchase Shopping Center is directly across the street and includes a 24-hour Harris Teeter, with Aldi, CVS, Walgreens, restaurants, and other daily retail nearby. Holmes Run Park and Trail is directly accessible, and Ben Brenman Park is down the street. Metro and DASH bus stops are positioned in front of the building, with access to King Street-Old Town and Van Dorn Street Metro stations, I-395, Old Town Alexandria, and Washington, DC. The future Inova Alexandria Hospital campus is anticipated to open in 2028 and is less than 1.5 miles away. The condo fee includes all utilities and internet service.
Key Highlights
- One‑bedroom, one‑bath condominium on the 11th floor
- Large walk‑in bedroom closet, walk‑in hall closet, and separate storage unit
- Condo fee includes all utilities and internet service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,030
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,600
$260.6K
Cap Rate 7%
$186,143
$186.1K
Cap Rate 9%
$144,778
$144.8K
Market Conditions
NOI Build-Up for 850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.0K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$23.7K $27.87/SF
− OpEx
−$10.7K −$12.54/SF
NOI
$13.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,600
Cap Rate 7%
$186,143
Cap Rate 9%
$144,778
Alternative Uses
Best Use
Apartment 5plus
$186.1K
$162.9K – $217.2K
NOI $13,030 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - High-floor condominium with extensive storage, building amenities, included utilities, and transit access at the entrance.
Where is this residential income property located?
The property is located at 4600 DUKE STREET Unit 1112 Alexandria, VA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium on the 11th floor; Large walk‑in bedroom closet, walk‑in hall closet, and separate storage unit; Condo fee includes all utilities and internet service
