Live-Work Condominium
For Sale
$229,900
4600 DUKE STREET Unit 413, Alexandria, VA 22304
2-bedroom, 1-bath condo with 9-foot ceilings, hardwood floors, and large windows, offered in a mixed-use RC zoning district.
Property Size1,140 SF
Price / SF$201.67
Days on Market92
Property Features for 4600 DUKE STREET Unit 413
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Office
Zoning
RC
Additional Details
Business Included
Yes
Highway Access
Yes
Clear Height
9 ft
Taxes and HOA fees
Annual Taxes
$2,811
Building Details
Building Size
1,140 SF
Year Built
1967
Listing Agency:
Century 21 Redwood Realty
Listed By:
WAI LUN L LEUNG · License #0225204506
(571) 497-4607
Source:
Dcmetrorealtyteam
Added: Jul 10
Changed: Oct 8
Last Checked: Oct 7 at 6:17PM
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 Century 21 Redwood Realty
Investment Insights
Based on property information with market context.
Unit 413 is a 2-bedroom, 1-bath live-work style condominium featuring 9-foot ceilings and original hardwood floors. The interior offers an open-concept central area that can be used as a living/dining space or configured as a professional reception area with multiple workstations. A primary room provides space for a bedroom or principal office, and a secondary room can serve as a second bedroom, conference room, or private consultation area. A full ceramic-tile bathroom completes the unit.
Zoned RC (Residential-Commercial Mixed-Use), the space is described as cleared for full residential occupancy, commercial business operations, or an integrated live/work configuration. The unit is located within the Forty Six Hundred condominium community, a 16-story building with over 400 residential units, five elevators, a secure lobby with 24/7 concierge service, and a dedicated storage unit with permit parking. The association fee is reported to cover primary utilities, including electricity, heating, cooling, gas, water, sewer, and trash disposal. Day-to-day convenience includes an ALDI outside the building and the Foxchase Shopping Center directly across the street, while Holmes Run Trail access and Ben Brenman Park walking paths are located immediately behind the complex.
Zoned RC (Residential-Commercial Mixed-Use), the space is described as cleared for full residential occupancy, commercial business operations, or an integrated live/work configuration. The unit is located within the Forty Six Hundred condominium community, a 16-story building with over 400 residential units, five elevators, a secure lobby with 24/7 concierge service, and a dedicated storage unit with permit parking. The association fee is reported to cover primary utilities, including electricity, heating, cooling, gas, water, sewer, and trash disposal. Day-to-day convenience includes an ALDI outside the building and the Foxchase Shopping Center directly across the street, while Holmes Run Trail access and Ben Brenman Park walking paths are located immediately behind the complex.
Key Highlights
- 1,140 finished SF condo in Forty Six Hundred with 2 bedrooms and 1 full bathroom
- Year built 1967; 9‑foot ceilings, original hardwood floors, and large windows with city views
- RC (Residential‑Commercial Mixed‑Use) zoning supporting residential use, commercial business operations, or live/work configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,879
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,580
$397.6K
Cap Rate 7%
$283,986
$284.0K
Cap Rate 9%
$220,878
$220.9K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$34.2K $30.00/SF
− Vacancy
−$2.4K −$2.10/SF
EGI
$31.8K $27.90/SF
− OpEx
−$11.9K −$10.46/SF
NOI
$19.9K $17.44/SF
Area
Alexandria, VA
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,580
Cap Rate 7%
$283,986
Cap Rate 9%
$220,878
Alternative Uses
Best Use
Mixed Use
$284.0K
$248.5K – $331.3K
NOI $19,879 @ 7.0% cap · market cap 8.65%
Second Best
Office B
$218.1K
$190.8K – $254.4K
NOI $15,264 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
9 ft
Clear height
Turnkey business
Opportunity
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - 2-bedroom, 1-bath condo with 9-foot ceilings, hardwood floors, and large windows, offered in a mixed-use RC zoning district.
Where is this live-work space located?
The property is located at 4600 DUKE STREET Unit 413 Alexandria, VA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 1,140 finished SF condo in Forty Six Hundred with 2 bedrooms and 1 full bathroom; Year built 1967; 9‑foot ceilings, original hardwood floors, and large windows with city views; RC (Residential‑Commercial Mixed‑Use) zoning supporting residential use, commercial business operations, or live/work configuration
