Residential Income Property with Flex
For Sale
$559,000
4950 BRENMAN PARK DRIVE Unit 308, Alexandria, VA 22304
A two-bedroom residence includes a separate room configured with built-in office storage and French doors.
Property Size1,455 SF
Price / SF$384.19
Days on Market80
Property Features for 4950 BRENMAN PARK DRIVE Unit 308
General Information
Standard status
Active
Size
1,455 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,411
Building Details
Building Size
1,455 SF
Year Built
2004
Listing Agency:
KW Metro Center
Listed By:
Marie L Meyer · License #0225116720
(703) 929-1002
Source:
Jackrealtygroup
Added: Aug 10
Changed: Oct 27
Last Checked: Oct 26 at 2:49PM
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 KW Metro Center
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Investment Insights
Based on property information with market context.
This 1,455-square-foot residence, built in 2004, has two bedrooms positioned at opposite ends of the home, each with a tiled en-suite bathroom. Hardwood flooring runs through the open living and dining area, which connects with the kitchen and foyer. A separate third space currently serves as an office, with custom built-ins and French doors.
Views extend to open sky above and a tree-lined promenade below. Community shops and amenities, along with Brenman Park, are steps away within Cameron Station.
Views extend to open sky above and a tree-lined promenade below. Community shops and amenities, along with Brenman Park, are steps away within Cameron Station.
Key Highlights
- 1,455‑square‑foot residence built in 2004
- Two bedrooms, each with a tiled en‑suite bathroom
- Separate third room has custom office built‑ins and French doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,304
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,080
$446.1K
Cap Rate 7%
$318,629
$318.6K
Cap Rate 9%
$247,822
$247.8K
Market Conditions
NOI Build-Up for 1,455 SF
Gross rent
$42.8K $29.40/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$40.6K $27.87/SF
− OpEx
−$18.2K −$12.54/SF
NOI
$22.3K $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%
$446,080
Cap Rate 7%
$318,629
Cap Rate 9%
$247,822
Alternative Uses
Best Use
Apartment 5plus
$318.6K
$278.8K – $371.7K
NOI $22,304 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$808.1K
$707.1K – $942.8K
NOI $56,570 @ 7.0% cap · market cap 10.12%
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
1,276
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 two-bedroom residence includes a separate room configured with built-in office storage and French doors.
Where is this residential income property located?
The property is located at 4950 BRENMAN PARK DRIVE Unit 308 Alexandria, VA.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 1,455‑square‑foot residence built in 2004; Two bedrooms, each with a tiled en‑suite bathroom; Separate third room has custom office built‑ins and French doors
