Two-Bedroom Residential Income
For Sale
$349,950
4854 EISENHOWER AVENUE Unit 357, Alexandria, VA 22304
This Alexandria condo includes garage parking, a private balcony, and in-unit laundry.
Property Size1,094 SF
Price / SF$319.88
Days on Market34
Property Features for 4854 EISENHOWER AVENUE Unit 357
General Information
Standard status
Active
Size
1,094 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
$4,337
Amenities
garage parking
private balcony
pool
clubhouse
business center
fitness center
billiards room
great room
yoga studio
outdoor fitness loop
dog park
washer/dryer in unit
complimentary community shuttle
Building Details
Building Size
1,094 SF
Year Built
2003
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Cynthia Schneider · License #0225136582
(703) 822-0207
Source:
Districtpropertygroup
Added: Sep 25
Changed: Oct 27
Last Checked: Oct 27 at 3:25AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,094-square-foot condo has two bedrooms positioned on opposite sides of the living area, each with two closets and an en-suite bathroom. The open-plan interior includes high ceilings, crown molding, a pantry, and a private balcony. The unit was built in 2003 and has an in-unit washer and dryer, along with garage parking.
Community amenities at The Exchange at Van Dorn include a pool, fitness center, clubhouse, business center, billiards room, yoga studio, outdoor fitness loop, and dog park. A community shuttle serves the nearby Van Dorn Metro station, and major commuter routes are a short drive away.
Community amenities at The Exchange at Van Dorn include a pool, fitness center, clubhouse, business center, billiards room, yoga studio, outdoor fitness loop, and dog park. A community shuttle serves the nearby Van Dorn Metro station, and major commuter routes are a short drive away.
Key Highlights
- Two‑bedroom condo with 1,094 square feet of interior space
- Garage parking and a private balcony
- Two en‑suite bathrooms; each bedroom has two closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,770
Cap Rate
4.79%
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 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$607.6K
$531.7K – $708.9K
NOI $42,535 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - This Alexandria condo includes garage parking, a private balcony, and in-unit laundry.
Where is this residential income property located?
The property is located at 4854 EISENHOWER AVENUE Unit 357 Alexandria, VA.
What is the asking price?
The asking price for this property is $349,950.
What are key features of this property?
This property features: Two‑bedroom condo with 1,094 square feet of interior space; Garage parking and a private balcony; Two en‑suite bathrooms; each bedroom has two closets
