Two-Bedroom Residential Income
For Sale
$359,900
4852 EISENHOWER AVENUE Unit 338, Alexandria, VA 22304
Open two-bedroom condo with luxury vinyl plank flooring, stainless steel appliances, and a private balcony.
Property Size935 SF
Days on Market98
Property Features for 4852 EISENHOWER AVENUE Unit 338
General Information
Standard status
Active
Size
935 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,645
Building Details
Building Size
935 SF
Year Built
2003
Listing Agency:
Samson Properties
Listed By:
Florence Agola · License #0225216787
(571) 331-3079
Source:
Dcmetrorealtyteam
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 8 at 11:25AM
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 two-bedroom, one-bath condominium offers an open layout with distinct living and dining areas, two generously sized bedrooms, and luxury vinyl plank flooring throughout. A private balcony extends the living space. The kitchen is equipped with a gas range, built-in microwave, dishwasher, refrigerator, and stainless steel appliances. The unit is described as move-in ready and is located in a building completed in 2003.
Community features include a clubhouse, fitness center, swimming pool, billiard room, indoor basketball court, tot lot, dog park, and secured building access. A community shuttle serves the Van Dorn and Eisenhower Metro stations. The property also provides access to I-495, Van Dorn Street, and the Eisenhower Avenue Metro Station, with proximity to Old Town Alexandria, Washington, DC, Crystal City, the Pentagon, National Harbor, and Reagan National Airport.
Community features include a clubhouse, fitness center, swimming pool, billiard room, indoor basketball court, tot lot, dog park, and secured building access. A community shuttle serves the Van Dorn and Eisenhower Metro stations. The property also provides access to I-495, Van Dorn Street, and the Eisenhower Avenue Metro Station, with proximity to Old Town Alexandria, Washington, DC, Crystal City, the Pentagon, National Harbor, and Reagan National Airport.
Key Highlights
- Two‑bedroom, one‑bath condominium
- Private balcony connected to the living and dining areas
- Luxury vinyl plank flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,333
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$286,660
$286.7K
Cap Rate 7%
$204,757
$204.8K
Cap Rate 9%
$159,256
$159.3K
Market Conditions
NOI Build-Up for 935 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.5K $29.40/SF
− Vacancy
−$1.4K −$1.53/SF
EGI
$26.1K $27.87/SF
− OpEx
−$11.7K −$12.54/SF
NOI
$14.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$286,660
Cap Rate 7%
$204,757
Cap Rate 9%
$159,256
Alternative Uses
Best Use
Apartment 5plus
$204.8K
$179.2K – $238.9K
NOI $14,333 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$519.3K
$454.4K – $605.9K
NOI $36,353 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open two-bedroom condo with luxury vinyl plank flooring, stainless steel appliances, and a private balcony.
Where is this residential income property located?
The property is located at 4852 EISENHOWER AVENUE Unit 338 Alexandria, VA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium; Private balcony connected to the living and dining areas; Luxury vinyl plank flooring throughout
