Residential Income Property with
For Sale
$349,900
4854 EISENHOWER AVENUE Unit 451, Alexandria, VA 22304
The condominium includes a private balcony and laundry appliances within the residence.
Property Size935 SF
Price / SF$374.22
Days on Market161
Property Features for 4854 EISENHOWER AVENUE Unit 451
General Information
Standard status
Active
Size
935 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Eisenhower West
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,916
Amenities
in-unit washer and dryer
private balcony
outdoor pool
fitness center
clubhouse
business center
walking trails
playgrounds
dog park
shuttle service to Van Dorn Metro
plenty of parking
Building Details
Building Size
935 SF
Year Built
2003
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: May 21
Changed: Oct 26
Last Checked: Oct 26 at 12:52PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This condominium at 4854 Eisenhower Avenue, Unit 451, has an open living and kitchen arrangement, high ceilings, and a private balcony. Laundry appliances are located within the unit. The property was built in 2003.
Community amenities include an outdoor pool, fitness center, clubhouse, business center, walking trails, playgrounds, dog park, shuttle service to Van Dorn Metro, and parking. Van Dorn Street Metro Station, Old Town Alexandria, I-395, I-495, National Harbor, Washington, DC, and Reagan National Airport are among the destinations identified nearby. Shopping, dining, and parks are also noted in the surrounding area.
Community amenities include an outdoor pool, fitness center, clubhouse, business center, walking trails, playgrounds, dog park, shuttle service to Van Dorn Metro, and parking. Van Dorn Street Metro Station, Old Town Alexandria, I-395, I-495, National Harbor, Washington, DC, and Reagan National Airport are among the destinations identified nearby. Shopping, dining, and parks are also noted in the surrounding area.
Key Highlights
- Built in 2003
- Private balcony
- Laundry appliances inside the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,333
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
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
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 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 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$519.3K
$454.4K – $605.9K
NOI $36,353 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
675
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The condominium includes a private balcony and laundry appliances within the residence.
Where is this residential income property located?
The property is located at 4854 EISENHOWER AVENUE Unit 451 Alexandria, VA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Built in 2003; Private balcony; Laundry appliances inside the unit
