Residential Income Property with
For Sale
$415,000
511 BASHFORD LANE Unit 5, Alexandria, VA 22314
A top-floor one-bedroom home pairs a wood-burning fireplace with a flexible loft and access to shared outdoor amenities.
Property Size950 SF
Price / SF$436.84
Days on Market20
Property Features for 511 BASHFORD LANE Unit 5
General Information
Standard status
Active
Size
950 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Old Town North
Public Transit
Yes
Additional Details
Asking Price
$415,000
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,472
Amenities
wood-burning fireplace
hardwood floors
skylight
custom cabinetry
granite counters
stainless steel appliances
in-unit washer/dryer
community gazebo
picnic areas
wisteria-covered pergola
pavilion/patio space
shared grills
fitness room
bicycle storage
outdoor gathering spaces
assigned storage unit
Building Details
Building Size
950 SF
Year Built
1944
Construction
garden-style
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Oct 9
Changed: Oct 26
Last Checked: Oct 26 at 1:47PM
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
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Investment Insights
Based on property information with market context.
This 950-square-foot, top-floor end unit has one bedroom and an open loft. Hardwood floors, a wood-burning fireplace, and windows on three sides define the main living area; a second wood-burning fireplace and skylight add features to the loft. The kitchen has custom cabinetry, granite counters, and stainless-steel appliances. An in-unit washer and dryer, assigned storage, and two off-street parking passes are included. The residence was built in 1944.
Harbor Terrace is a nearly five-acre community with a landscaped courtyard, mature trees, green space, a gazebo, picnic areas, a pavilion and patio, and shared grills. The property is in Alexandria’s Old Town North Arts & Cultural District, near the Potomac River waterfront and Mount Vernon Trail. DASH and Metrobus stop at the community entrance.
Harbor Terrace is a nearly five-acre community with a landscaped courtyard, mature trees, green space, a gazebo, picnic areas, a pavilion and patio, and shared grills. The property is in Alexandria’s Old Town North Arts & Cultural District, near the Potomac River waterfront and Mount Vernon Trail. DASH and Metrobus stop at the community entrance.
Key Highlights
- 950‑square‑foot top‑floor end unit with one bedroom and an open loft
- Built in 1944
- Two wood‑burning fireplaces and a skylight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,563
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,260
$291.3K
Cap Rate 7%
$208,043
$208.0K
Cap Rate 9%
$161,811
$161.8K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$27.9K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$26.5K $27.87/SF
− OpEx
−$11.9K −$12.54/SF
NOI
$14.6K $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%
$291,260
Cap Rate 7%
$208,043
Cap Rate 9%
$161,811
Alternative Uses
Best Use
Apartment 5plus
$208.0K
$182.0K – $242.7K
NOI $14,563 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,956
Businesses Nearby
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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 - A top-floor one-bedroom home pairs a wood-burning fireplace with a flexible loft and access to shared outdoor amenities.
Where is this residential income property located?
The property is located at 511 BASHFORD LANE Unit 5 Alexandria, VA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 950‑square‑foot top‑floor end unit with one bedroom and an open loft; Built in 1944; Two wood‑burning fireplaces and a skylight
