Residential Income Property with
For Sale
$379,000
5300 HOLMES RUN PARKWAY Unit 815, Alexandria, VA 22304
The residence pairs an open living and dining layout with in-unit laundry and a private balcony.
Property Size1,506 SF
Price / SF$251.66
Days on Market38
Property Features for 5300 HOLMES RUN PARKWAY Unit 815
General Information
Standard status
Active
Size
1,506 SF
Total Parking Spaces
1
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
$4,253
Amenities
outdoor pool
tennis courts
fitness center
clubhouse
concierge service
in-unit laundry
balcony
dual HVAC zones
Building Details
Building Size
1,506 SF
Year Built
1975
Listing Agency:
EXP Realty, LLC
Listed By:
Daniel F Rochon · License #0225183674
(703) 763-2656
Source:
Irvinrealtyllc
Added: Sep 21
Changed: Oct 27
Last Checked: Oct 27 at 4:07AM
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, LLC
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Investment Insights
Based on property information with market context.
This 1,506-square-foot condominium in Greenhouse Condominiums features an open kitchen, dining and living area, generously sized bedrooms, updated finishes, and expansive windows. A private balcony, in-unit laundry, abundant storage, and two HVAC zones with individual controls add to the unit’s features. Built in 1975, the residence includes one reserved covered garage space; parking is available for up to three vehicles.
Community amenities include an outdoor pool, tennis courts, fitness center, clubhouse, concierge service, secure garage parking, and maintained grounds. The condo fee covers most utilities, including electricity. The property offers access to I-395 and is near Van Dorn Metro, Old Town Alexandria, the Pentagon, Amazon HQ2, shopping, dining, parks, and trails.
Community amenities include an outdoor pool, tennis courts, fitness center, clubhouse, concierge service, secure garage parking, and maintained grounds. The condo fee covers most utilities, including electricity. The property offers access to I-395 and is near Van Dorn Metro, Old Town Alexandria, the Pentagon, Amazon HQ2, shopping, dining, parks, and trails.
Key Highlights
- 1,506‑square‑foot condominium in Greenhouse Condominiums
- Built in 1975
- Private balcony, in‑unit laundry, and two HVAC zones with individual controls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,086
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,720
$461.7K
Cap Rate 7%
$329,800
$329.8K
Cap Rate 9%
$256,511
$256.5K
Market Conditions
NOI Build-Up for 1,506 SF
Gross rent
$44.3K $29.40/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$42.0K $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%
$461,720
Cap Rate 7%
$329,800
Cap Rate 9%
$256,511
Alternative Uses
Best Use
Apartment 5plus
$329.8K
$288.6K – $384.8K
NOI $23,086 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$836.5K
$731.9K – $975.9K
NOI $58,553 @ 7.0% cap · market cap 15.45%
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 - The residence pairs an open living and dining layout with in-unit laundry and a private balcony.
Where is this residential income property located?
The property is located at 5300 HOLMES RUN PARKWAY Unit 815 Alexandria, VA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,506‑square‑foot condominium in Greenhouse Condominiums; Built in 1975; Private balcony, in‑unit laundry, and two HVAC zones with individual controls
