Residential Income Property with
For Sale
$255,000
4600 DUKE STREET Unit 304, Alexandria, VA 22304
Two-bedroom condominium residence with updated interiors, in-unit laundry, assigned garage parking, and access to shared amenities.
Property Size1,104 SF
Price / SF$231.82
Days on Market54
Property Features for 4600 DUKE STREET Unit 304
General Information
Standard status
Active
Size
1,104 SF
Total Parking Spaces
3
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,758
Amenities
community pool
game room
party room
24-hour concierge service
common laundry room
in-unit washer/dryer
Building Details
Building Size
1,104 SF
Year Built
1967
Listing Agency:
Samson Properties
Listed By:
Irina Babb · License #0225092385
(571) 217-2571
Source:
Dcmetrorealtyteam
Added: Aug 14
Changed: Oct 3
Last Checked: Oct 5 at 11:04PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This residential income property is a 1,100-square-foot condominium residence with two bedrooms and one bath. The interior includes engineered hardwood flooring, recessed lighting, updated fixtures, a remodeled bathroom, and a kitchen finished with white cabinetry, quartz countertops, and stainless steel appliances. A newer HVAC system and in-unit combination washer and dryer add practical functionality. The unit also includes a storage unit, one underground garage space numbered 48, two unassigned outdoor spaces, and access to visitor parking. The building was constructed in 1967 and includes a common laundry room, community pool, game room, party room, and 24-hour concierge service.
The property is located at 4600 Duke Street in Alexandria, with direct access to Holmes Run Park and Trail. A Metro bus stop at the building entrance connects with Metro stations and the Pentagon. Harris Teeter, Walgreens, and additional shopping are directly across the street, while Alexandria and Arlington are nearby. All utilities are included in the condo fee, and up to two pets are permitted subject to condominium rules.
The property is located at 4600 Duke Street in Alexandria, with direct access to Holmes Run Park and Trail. A Metro bus stop at the building entrance connects with Metro stations and the Pentagon. Harris Teeter, Walgreens, and additional shopping are directly across the street, while Alexandria and Arlington are nearby. All utilities are included in the condo fee, and up to two pets are permitted subject to condominium rules.
Key Highlights
- 1,100‑square‑foot condominium with two bedrooms and one bath
- One underground garage parking space numbered 48, plus two unassigned outdoor spaces
- Updated kitchen with white cabinetry, quartz countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,862
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,240
$337.2K
Cap Rate 7%
$240,886
$240.9K
Cap Rate 9%
$187,356
$187.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$32.3K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.7K $27.87/SF
− OpEx
−$13.8K −$12.54/SF
NOI
$16.9K $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%
$337,240
Cap Rate 7%
$240,886
Cap Rate 9%
$187,356
Alternative Uses
Best Use
Apartment 5plus
$240.9K
$210.8K – $281.0K
NOI $16,862 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium residence with updated interiors, in-unit laundry, assigned garage parking, and access to shared amenities.
Where is this residential income property located?
The property is located at 4600 DUKE STREET Unit 304 Alexandria, VA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,100‑square‑foot condominium with two bedrooms and one bath; One underground garage parking space numbered 48, plus two unassigned outdoor spaces; Updated kitchen with white cabinetry, quartz countertops, and stainless steel appliances
