One-Bedroom Residential
New
For Sale
$260,000
4850 EISENHOWER AVENUE Unit 218, Alexandria, VA 22304
The residence includes dedicated garage parking, in-unit laundry, and access to a pool, fitness center, and tennis courts.
Property Size600 SF
Days on Market7
Property Features for 4850 EISENHOWER AVENUE Unit 218
General Information
Standard status
Active
Size
600 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,223
Amenities
pool
fitness center
tennis courts
community center
walking paths
Building Details
Building Size
600 SF
Year Built
2003
Construction
contemporary
Listing Agency:
Douglas Realty of Virginia LLC
Listed By:
Nicholas Mormann · License #0225196130
(202) 557-8879
Source:
Dcmetrorealtyteam
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 10:34PM
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 Douglas Realty of Virginia LLC
Investment Insights
Based on property information with market context.
Built in 2003, this one-bedroom, one-bathroom residence has an open layout and a kitchen with a waterfall stone counter, stainless steel appliances, a gas range, and two refrigerators. The bedroom includes a walk-in closet, while the bathroom features a soaking tub and updated fixtures. Recessed lighting and a full-size washer and dryer are also included.
Community amenities include an outdoor pool, fitness center, tennis courts, walking paths, and a community center. The property also comes with a dedicated garage parking space and remote.
Community amenities include an outdoor pool, fitness center, tennis courts, walking paths, and a community center. The property also comes with a dedicated garage parking space and remote.
Key Highlights
- One bedroom and one bathroom in a residence built in 2003
- Kitchen features a waterfall stone countertop, stainless steel appliances, gas range, and beverage refrigerator
- Walk‑in bedroom closet and soaking tub with upgraded bath fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,197
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,940
$183.9K
Cap Rate 7%
$131,386
$131.4K
Cap Rate 9%
$102,189
$102.2K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$17.6K $29.40/SF
− Vacancy
−$917 −$1.53/SF
EGI
$16.7K $27.87/SF
− OpEx
−$7.5K −$12.54/SF
NOI
$9.2K $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%
$183,940
Cap Rate 7%
$131,386
Cap Rate 9%
$102,189
Alternative Uses
Best Use
Apartment 5plus
$131.4K
$115.0K – $153.3K
NOI $9,197 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$333.3K
$291.6K – $388.8K
NOI $23,328 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
919
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 - The residence includes dedicated garage parking, in-unit laundry, and access to a pool, fitness center, and tennis courts.
Where is this residential income property located?
The property is located at 4850 EISENHOWER AVENUE Unit 218 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: One bedroom and one bathroom in a residence built in 2003; Kitchen features a waterfall stone countertop, stainless steel appliances, gas range, and beverage refrigerator; Walk‑in bedroom closet and soaking tub with upgraded bath fixtures
