Updated Residential Income
For Sale
$308,000
5300 HOLMES RUN PARKWAY Unit 1005, Alexandria, VA 22304
A renovated kitchen and single-level layout distinguish this sixth-floor home in The Greenhouse Condominiums.
Property Size1,026 SF
Price / SF$300.19
Days on Market35
Property Features for 5300 HOLMES RUN PARKWAY Unit 1005
General Information
Standard status
Active
Size
1,026 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,408
Amenities
outdoor swimming pool
fitness center
tennis court
landscaped courtyard and gardens
community gathering spaces
grilling areas
bike storage
Building Details
Building Size
1,026 SF
Year Built
1975
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 24
Changed: Oct 27
Last Checked: Oct 26 at 3:37PM
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.
Unit 606 is a sixth-floor, one-level condominium with 1,263 square feet, two bedrooms, and two full bathrooms. Recent interior work includes new luxury vinyl plank flooring, fresh paint, a remodeled kitchen, and stainless steel appliances. The living and dining areas provide separate gathering space within the home.
Residents have access to an outdoor pool, fitness center, tennis court, landscaped gardens and courtyard, grilling areas, community gathering spaces, bike storage, and elevator service. Holmes Run Trail, parks, shopping, restaurants, and daily services are nearby. Van Dorn Metro, Old Town Alexandria, I-395, I-495, Washington, D.C., and Reagan National Airport are also within reach.
Residents have access to an outdoor pool, fitness center, tennis court, landscaped gardens and courtyard, grilling areas, community gathering spaces, bike storage, and elevator service. Holmes Run Trail, parks, shopping, restaurants, and daily services are nearby. Van Dorn Metro, Old Town Alexandria, I-395, I-495, Washington, D.C., and Reagan National Airport are also within reach.
Key Highlights
- Two bedrooms and two full bathrooms across approximately 1,263 square feet
- Sixth‑floor unit in The Greenhouse Condominiums
- Remodeled kitchen with new stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,728
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,560
$314.6K
Cap Rate 7%
$224,686
$224.7K
Cap Rate 9%
$174,756
$174.8K
Market Conditions
NOI Build-Up for 1,026 SF
Gross rent
$30.2K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$28.6K $27.87/SF
− OpEx
−$12.9K −$12.54/SF
NOI
$15.7K $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%
$314,560
Cap Rate 7%
$224,686
Cap Rate 9%
$174,756
Alternative Uses
Best Use
Apartment 5plus
$224.7K
$196.6K – $262.1K
NOI $15,728 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$569.9K
$498.6K – $664.9K
NOI $39,891 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,142
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 - A renovated kitchen and single-level layout distinguish this sixth-floor home in The Greenhouse Condominiums.
Where is this residential income property located?
The property is located at 5300 HOLMES RUN PARKWAY Unit 1005 Alexandria, VA.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms across approximately 1,263 square feet; Sixth‑floor unit in The Greenhouse Condominiums; Remodeled kitchen with new stainless steel appliances
