Three-Bedroom Residential
New
For Sale
$615,000
505 E BRADDOCK ROAD Unit 408, Alexandria, VA 22314
The unit includes two full bathrooms, washer and dryer hookups, and access to shared building amenities.
Property Size1,213 SF
Days on Market5
Property Features for 505 E BRADDOCK ROAD Unit 408
General Information
Standard status
Active
Size
1,213 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,931
Amenities
exercise room
washer and dryer hookups
Building Details
Building Size
1,213 SF
Year Built
1987
Construction
Colonial-style
Listing Agency:
Solutions Realty Group LLC
Listed By:
Douglas Bolanos · License #0225194819
(571) 278-1604
Source:
Barnesrealestatecompany
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 8:50PM
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 Solutions Realty Group LLC
Investment Insights
Based on property information with market context.
Located at 505 E Braddock Road in Alexandria, this three-bedroom, two-bathroom unit is in a mid-rise residential building constructed in 1987. The building has a brick veneer exterior and Colonial-style design. The unit includes washer and dryer hookups, and a dedicated basement garage provides parking.
Shared amenities include an exercise room, elevator, and common grounds. The association fee covers common area maintenance, snow removal, and trash collection. Local shops, restaurants, recreational facilities, walking trails, and green spaces are described as nearby.
Shared amenities include an exercise room, elevator, and common grounds. The association fee covers common area maintenance, snow removal, and trash collection. Local shops, restaurants, recreational facilities, walking trails, and green spaces are described as nearby.
Key Highlights
- Three bedrooms and two full bathrooms
- Mid‑rise building constructed in 1987
- Washer and dryer hookups in the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,594
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,880
$371.9K
Cap Rate 7%
$265,629
$265.6K
Cap Rate 9%
$206,600
$206.6K
Market Conditions
NOI Build-Up for 1,213 SF
Gross rent
$35.7K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$33.8K $27.87/SF
− OpEx
−$15.2K −$12.54/SF
NOI
$18.6K $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%
$371,880
Cap Rate 7%
$265,629
Cap Rate 9%
$206,600
Alternative Uses
Best Use
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,594 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$673.7K
$589.5K – $786.0K
NOI $47,161 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,524
Businesses Nearby
Explore this area
Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes two full bathrooms, washer and dryer hookups, and access to shared building amenities.
Where is this residential income property located?
The property is located at 505 E BRADDOCK ROAD Unit 408 Alexandria, VA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms; Mid‑rise building constructed in 1987; Washer and dryer hookups in the unit
