Updated Condominium Income
For Sale
$221,000
519 N ARMISTEAD STREET Unit T1, Alexandria, VA 22312
Association fees include utilities, and residents have access to a shared pool.
Property Size1,005 SF
Price / SF$219.90
Days on Market212
Property Features for 519 N ARMISTEAD STREET Unit T1
General Information
Standard status
Active
Size
1,005 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Alexandria West
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,680
Amenities
community pool
Building Details
Building Size
1,005 SF
Year Built
1967
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Mar 31
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,005-square-foot condominium in Alexandria has an open living and dining area, multiple bedrooms, and a kitchen with updated finishes. The unit was built in 1967.
Residents can use the shared pool, and utilities are included in the condominium association fee.
Residents can use the shared pool, and utilities are included in the condominium association fee.
Key Highlights
- 1,005‑square‑foot condominium unit
- Kitchen features updated finishes
- Utilities included in the condominium association fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,406
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,120
$308.1K
Cap Rate 7%
$220,086
$220.1K
Cap Rate 9%
$171,178
$171.2K
Market Conditions
NOI Build-Up for 1,005 SF
Gross rent
$29.5K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$28.0K $27.87/SF
− OpEx
−$12.6K −$12.54/SF
NOI
$15.4K $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%
$308,120
Cap Rate 7%
$220,086
Cap Rate 9%
$171,178
Alternative Uses
Best Use
Apartment 5plus
$220.1K
$192.6K – $256.8K
NOI $15,406 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$558.2K
$488.4K – $651.2K
NOI $39,074 @ 7.0% cap · market cap 17.68%
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
908
Businesses Nearby
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Business Placement
Demographics for 22312, VA
30,447
Population
11,191
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
5,970
Density / Sq Mi
$105,044
Median Household Income
$53,471
Median Earnings
$2,009
Median Rent
$593,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Association fees include utilities, and residents have access to a shared pool.
Where is this residential income property located?
The property is located at 519 N ARMISTEAD STREET Unit T1 Alexandria, VA.
What is the asking price?
The asking price for this property is $221,000.
What are key features of this property?
This property features: 1,005‑square‑foot condominium unit; Kitchen features updated finishes; Utilities included in the condominium association fee
