Ground-Level Residential Income
For Sale
$279,900
4854 EISENHOWER AVENUE Unit 155, Alexandria, VA 22304
A 771-square-foot residence pairs garage parking with community amenities and shuttle service to Van Dorn Metro.
Property Size771 SF
Price / SF$363.04
Days on Market175
Property Features for 4854 EISENHOWER AVENUE Unit 155
General Information
Standard status
Active
Size
771 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Eisenhower West
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,156
Amenities
swimming pool
clubhouse
business center
fitness center
billiards room
great room
yoga studio
outdoor fitness loop
dog park
community shuttle
private balcony
in-unit washer/dryer
Building Details
Building Size
771 SF
Year Built
2003
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 7
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This ground-level residence at The Exchange at Van Dorn offers 771 square feet, an open living and dining area, and 9-foot ceilings. Hardwood flooring and crown molding finish the main living spaces. The kitchen has granite counters, 42-inch cabinets, a pantry, and an overhang for bar seating. A private balcony faces the courtyard and pool. The bedroom includes a walk-in closet with built-in shelving, and the home also has a full bath, in-unit washer and dryer, and garage parking. Built in 2003, the property is listed as a residential income property.
Community amenities include a swimming pool, clubhouse with business center, fitness center, billiards room, great room, yoga studio, outdoor fitness loop, and dog park. A community shuttle connects residents with the nearby Van Dorn Metro and major commuter routes.
Community amenities include a swimming pool, clubhouse with business center, fitness center, billiards room, great room, yoga studio, outdoor fitness loop, and dog park. A community shuttle connects residents with the nearby Van Dorn Metro and major commuter routes.
Key Highlights
- 771‑square‑foot ground‑level residence with 9‑foot ceilings
- Garage parking and a private balcony overlooking the courtyard and pool
- Kitchen features granite counters, 42‑inch cabinets, pantry, and bar seating overhang
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,819
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,380
$236.4K
Cap Rate 7%
$168,843
$168.8K
Cap Rate 9%
$131,322
$131.3K
Market Conditions
NOI Build-Up for 771 SF
Gross rent
$22.7K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$21.5K $27.87/SF
− OpEx
−$9.7K −$12.54/SF
NOI
$11.8K $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%
$236,380
Cap Rate 7%
$168,843
Cap Rate 9%
$131,322
Alternative Uses
Best Use
Apartment 5plus
$168.8K
$147.7K – $197.0K
NOI $11,819 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$428.2K
$374.7K – $499.6K
NOI $29,976 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
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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 771-square-foot residence pairs garage parking with community amenities and shuttle service to Van Dorn Metro.
Where is this residential income property located?
The property is located at 4854 EISENHOWER AVENUE Unit 155 Alexandria, VA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 771‑square‑foot ground‑level residence with 9‑foot ceilings; Garage parking and a private balcony overlooking the courtyard and pool; Kitchen features granite counters, 42‑inch cabinets, pantry, and bar seating overhang
