Two-Bedroom
For Sale
$357,500
4854 EISENHOWER AVENUE Unit 257, Alexandria, VA 22304
A split-bedroom layout includes two en suite bathrooms and an outdoor patio overlooking the community pool.
Property Size1,094 SF
Days on Market13
Property Features for 4854 EISENHOWER AVENUE Unit 257
General Information
Standard status
Active
Size
1,094 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,305
Amenities
pool
Building Details
Building Size
1,094 SF
Year Built
2003
Listing Agency:
Compass
Listed By:
George H Myers · License #0225102978
(703) 585-8301
Source:
Dcmetrorealtyteam
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 6 at 12:20AM
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 Compass
Investment Insights
Based on property information with market context.
This 2003 condominium has two bedrooms positioned on opposite sides of the unit, each with an attached bathroom. Nine-foot ceilings extend throughout. The kitchen has stainless steel appliances, tile flooring, and a breakfast bar connecting it to the dining and living areas. A laundry closet with a front-loading washer and dryer also provides pantry and storage space. The primary bedroom includes a walk-in closet, while the second bedroom opens to a private bathroom. Recent work includes fresh paint and an HVAC unit. An outdoor patio with storage faces the community pool.
Two reserved parking spaces are located near the garage door. A free shuttle serves Eisenhower Avenue Metro Station. The community special assessment has been paid in full.
Two reserved parking spaces are located near the garage door. A free shuttle serves Eisenhower Avenue Metro Station. The community special assessment has been paid in full.
Key Highlights
- Two bedrooms, each with an attached bathroom
- Built in 2003 with nine‑foot ceilings
- Patio with storage overlooking the community pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,770
Cap Rate
4.69%
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 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$607.6K
$531.7K – $708.9K
NOI $42,535 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A split-bedroom layout includes two en suite bathrooms and an outdoor patio overlooking the community pool.
Where is this residential income property located?
The property is located at 4854 EISENHOWER AVENUE Unit 257 Alexandria, VA.
What is the asking price?
The asking price for this property is $357,500.
What are key features of this property?
This property features: Two bedrooms, each with an attached bathroom; Built in 2003 with nine‑foot ceilings; Patio with storage overlooking the community pool
