Residential Income Property with New
For Sale
$320,000
5250 VALLEY FORGE DRIVE Unit 704, Alexandria, VA 22304
Condominium with three bedrooms, two full baths, new kitchen appliances, and access to shopping and transit.
Property Size1,302 SF
Days on Market119
Property Features for 5250 VALLEY FORGE DRIVE Unit 704
General Information
Standard status
Active
Size
1,302 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,200
Building Details
Building Size
1,302 SF
Year Built
1966
Listing Agency:
Samson Properties
Listed By:
Almaz Gebrehiwot · License #0225177159
(703) 220-1056
Source:
Dcmetrorealtyteam
Added: Jun 10
Changed: Oct 3
Last Checked: Oct 5 at 9:24PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 7th-floor condominium, built in 1966, includes 3 bedrooms, 2 full baths, a bright layout, and ample closet space. The kitchen is equipped with brand-new appliances, and the property is being sold as-is with no known issues.
The residence is located at 5250 Valley Forge Drive in Alexandria, Virginia, with access to nearby amenities, a shopping center, and a bus stop. Van Dorn Metro station is about 3 miles away. The unit combines a multi-room residential layout with practical storage and convenient access to area transportation and retail services.
The residence is located at 5250 Valley Forge Drive in Alexandria, Virginia, with access to nearby amenities, a shopping center, and a bus stop. Van Dorn Metro station is about 3 miles away. The unit combines a multi-room residential layout with practical storage and convenient access to area transportation and retail services.
Key Highlights
- 3 bedrooms and 2 full baths
- 7th‑floor condominium with a bright layout
- Brand‑new kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,959
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,180
$399.2K
Cap Rate 7%
$285,129
$285.1K
Cap Rate 9%
$221,767
$221.8K
Market Conditions
NOI Build-Up for 1,302 SF
Gross rent
$38.3K $29.40/SF
− Vacancy
−$2.0K −$1.53/SF
EGI
$36.3K $27.87/SF
− OpEx
−$16.3K −$12.54/SF
NOI
$20.0K $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%
$399,180
Cap Rate 7%
$285,129
Cap Rate 9%
$221,767
Alternative Uses
Best Use
Apartment 5plus
$285.1K
$249.5K – $332.7K
NOI $19,959 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$723.2K
$632.8K – $843.7K
NOI $50,622 @ 7.0% cap · market cap 15.82%
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
1,463
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 - Condominium with three bedrooms, two full baths, new kitchen appliances, and access to shopping and transit.
Where is this residential income property located?
The property is located at 5250 VALLEY FORGE DRIVE Unit 704 Alexandria, VA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 3 bedrooms and 2 full baths; 7th‑floor condominium with a bright layout; Brand‑new kitchen appliances
