Three-Bedroom
For Sale
$300,000
5300 HOLMES RUN PARKWAY Unit 814, Alexandria, VA 22304
The residence requires a complete renovation and is offered in its current condition.
Property Size1,510 SF
Price / SF$198.68
Days on Market69
Property Features for 5300 HOLMES RUN PARKWAY Unit 814
General Information
Standard status
Active
Size
1,510 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Major Repairs Needed
Evidence
in need of a complete renovation
Site & Location
Neighborhood
Landmark/Van Dorn
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,253
Building Details
Building Size
1,510 SF
Year Built
1975
Listing Agency:
Compass
Listed By:
Brian Siebel · License #0225209676
(703) 851-0979
Source:
Mxwrealestate
Added: Aug 25
Changed: Oct 30
Last Checked: Oct 30 at 2:10AM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,510-square-foot condominium has three bedrooms and two full bathrooms. Its layout includes a foyer, living room, separate dining room, breakfast room, and kitchen. The primary bedroom has an en-suite bath and walk-in closet; a second bedroom also includes a walk-in closet. A private balcony, in-unit washer and dryer, and two HVAC systems are among the unit’s features. Built in 1975, the residence needs a complete renovation and is being sold as-is.
The home is at 5300 Holmes Run Parkway in Alexandria, Virginia. Eastern exposure in nearly every room and south-facing windows in the primary suite bring natural light into the interior.
The home is at 5300 Holmes Run Parkway in Alexandria, Virginia. Eastern exposure in nearly every room and south-facing windows in the primary suite bring natural light into the interior.
Key Highlights
- 1,510‑square‑foot condominium with three bedrooms and two full bathrooms
- Separate living room, dining room, and breakfast room
- Primary bedroom includes an en‑suite bath and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,147
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,940
$462.9K
Cap Rate 7%
$330,671
$330.7K
Cap Rate 9%
$257,189
$257.2K
Market Conditions
NOI Build-Up for 1,510 SF
Gross rent
$44.4K $29.40/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$42.1K $27.87/SF
− OpEx
−$18.9K −$12.54/SF
NOI
$23.1K $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%
$462,940
Cap Rate 7%
$330,671
Cap Rate 9%
$257,189
Alternative Uses
Best Use
Apartment 5plus
$330.7K
$289.3K – $385.8K
NOI $23,147 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$838.7K
$733.9K – $978.5K
NOI $58,709 @ 7.0% cap · market cap 19.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
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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 - The residence requires a complete renovation and is offered in its current condition.
Where is this residential income property located?
The property is located at 5300 HOLMES RUN PARKWAY Unit 814 Alexandria, VA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,510‑square‑foot condominium with three bedrooms and two full bathrooms; Separate living room, dining room, and breakfast room; Primary bedroom includes an en‑suite bath and walk‑in closet
