Ground-Floor Two-Bedroom
For Sale
$392,900
4850 EISENHOWER AVENUE Unit 304, Alexandria, VA 22304
A private balcony, in-unit laundry, and community amenities add practical features to this residence.
Property Size1,094 SF
Price / SF$359.14
Days on Market118
Property Features for 4850 EISENHOWER AVENUE Unit 304
General Information
Standard status
Active
Size
1,094 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Eisenhower West
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,125
Amenities
Outdoor Swimming Pool
Fitness Room
Business Center
Party Room
Basketball Court
Building Details
Building Size
1,094 SF
Year Built
2003
Listing Agency:
EXP Realty, LLC
Listed By:
Tim Faust · License #0225277619
(732) 239-9367
Source:
Canopy-re
Added: Jul 3
Changed: Oct 26
Last Checked: Oct 26 at 1:38PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,128-square-foot, ground-floor condominium has two bedrooms and two full bathrooms. Hardwood flooring extends through the living and dining areas, while both bedrooms have vinyl plank floors. The primary suite includes a walk-in closet; the second bedroom has two closets. A separate dining area, kitchen with wood cabinets and laminate counters, and laundry area with a full-size washer and dryer complete the interior. The living room opens to a private balcony. The unit was built in 2003 and includes two garage parking spaces.
Community amenities include an outdoor swimming pool, fitness room, business center, party room, and basketball court. The property is a short distance from Van Dorn Street Metro, I-395, I-495, the Pentagon, Old Town Alexandria, and Washington, DC. Water, sewer, and trash removal are included in the condo fee.
Community amenities include an outdoor swimming pool, fitness room, business center, party room, and basketball court. The property is a short distance from Van Dorn Street Metro, I-395, I-495, the Pentagon, Old Town Alexandria, and Washington, DC. Water, sewer, and trash removal are included in the condo fee.
Key Highlights
- 1,128‑square‑foot condominium with two bedrooms and two full bathrooms
- Ground‑floor unit with a private balcony
- Two garage parking spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,770
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,400
$335.4K
Cap Rate 7%
$239,571
$239.6K
Cap Rate 9%
$186,333
$186.3K
Market Conditions
NOI Build-Up for 1,094 SF
Gross rent
$32.2K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.5K $27.87/SF
− OpEx
−$13.7K −$12.54/SF
NOI
$16.8K $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%
$335,400
Cap Rate 7%
$239,571
Cap Rate 9%
$186,333
Alternative Uses
Best Use
Apartment 5plus
$239.6K
$209.6K – $279.5K
NOI $16,770 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$607.6K
$531.7K – $708.9K
NOI $42,535 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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 - A private balcony, in-unit laundry, and community amenities add practical features to this residence.
Where is this residential income property located?
The property is located at 4850 EISENHOWER AVENUE Unit 304 Alexandria, VA.
What is the asking price?
The asking price for this property is $392,900.
What are key features of this property?
This property features: 1,128‑square‑foot condominium with two bedrooms and two full bathrooms; Ground‑floor unit with a private balcony; Two garage parking spaces included
