Residential Income Property with Open
For Sale
$260,000
4600 DUKE STREET Unit 928, Alexandria, VA 22304
Condominium residence with dedicated parking and central air conditioning.
Property Size1,148 SF
Days on Market161
Property Features for 4600 DUKE STREET Unit 928
General Information
Standard status
Active
Size
1,148 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,883
Building Details
Building Size
1,148 SF
Year Built
1967
Listing Agency:
Keller Williams Realty
Listed By:
Sarah A. Reynolds · License #0225174916
(703) 844-3464
Source:
Dcmetrorealtyteam
Added: Apr 29
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This condominium residence features an open floor plan, large windows, and a practical interior arrangement suited to everyday living. The home includes forced-air heating, central A/C, a dishwasher, disposal, refrigerator, and stove. Dedicated parking is positioned directly outside the residence, adding convenience to daily access. Built in 1967, the property is located in the Seminary Hill neighborhood of Alexandria. Access to I-395 and I-495 supports travel toward Washington, D.C., and surrounding areas. Restaurants, shops, parks, and green spaces are nearby, while Old Town Alexandria provides additional cultural and recreational options. The community setting combines residential surroundings with access to established amenities and regional road connections.
Key Highlights
- Open floor plan with large windows
- Dedicated parking directly outside the condominium
- Forced‑air heating and central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,598
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,960
$352.0K
Cap Rate 7%
$251,400
$251.4K
Cap Rate 9%
$195,533
$195.5K
Market Conditions
NOI Build-Up for 1,148 SF
Gross rent
$33.8K $29.40/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$32.0K $27.87/SF
− OpEx
−$14.4K −$12.54/SF
NOI
$17.6K $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%
$351,960
Cap Rate 7%
$251,400
Cap Rate 9%
$195,533
Alternative Uses
Best Use
Apartment 5plus
$251.4K
$220.0K – $293.3K
NOI $17,598 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$637.6K
$557.9K – $743.9K
NOI $44,634 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
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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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with dedicated parking and central air conditioning.
Where is this residential income property located?
The property is located at 4600 DUKE STREET Unit 928 Alexandria, VA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Open floor plan with large windows; Dedicated parking directly outside the condominium; Forced‑air heating and central A/C
