Updated Three-Bedroom Residential Income
New
For Sale
$625,000
545 E BRADDOCK ROAD Unit 408, Alexandria, VA 22314
Bright condo with an updated kitchen, private balcony, and deeded underground garage parking near Braddock Road Metro Station.
Property Size1,213 SF
Price / SF$515.25
Days on Market3
Property Features for 545 E BRADDOCK ROAD Unit 408
General Information
Standard status
Active
Size
1,213 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,931
Amenities
built-ins
electric fireplace
private balcony
stacked washer and dryer
Building Details
Building Size
1,213 SF
Year Built
1987
Listing Agency:
Compass
Listed By:
Devon O'Reilly · License #0225264710
(202) 644-6089
Source:
Kerishull
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 12 at 9:41AM
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
Investment Insights
Based on property information with market context.
This 1,213-square-foot residential income property at Colecroft Station offers three bedrooms and two bathrooms in a bright condominium layout. The interior includes fresh white paint, luxury vinyl plank and wood flooring, built-ins, an electric fireplace, and a private balcony. The kitchen has updated countertops, stainless steel appliances, new light fixtures, generous cabinetry, an eat-in area, and a pass-through to the dining and living spaces. A stacked washer and dryer is located within the unit, and deeded underground garage parking conveys with the property. Built in 1987, the residence combines updated finishes with a practical three-bedroom configuration.
The property is located between Old Town and Del Ray, steps from Braddock Road Metro Station. The surrounding access points and destinations include Potomac Yard, the Mount Vernon Trail, Amazon HQ2, Pentagon City, The Pentagon, Route 1, I-495, and I-95. Shops, restaurants, and neighborhood amenities in Old Town and Del Ray are also nearby.
The property is located between Old Town and Del Ray, steps from Braddock Road Metro Station. The surrounding access points and destinations include Potomac Yard, the Mount Vernon Trail, Amazon HQ2, Pentagon City, The Pentagon, Route 1, I-495, and I-95. Shops, restaurants, and neighborhood amenities in Old Town and Del Ray are also nearby.
Key Highlights
- 1,213‑square‑foot condominium with three bedrooms and two bathrooms
- Updated kitchen with stainless steel appliances, new countertops, and generous cabinetry
- Private balcony, built‑ins, electric fireplace, and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,594
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$371,880
$371.9K
Cap Rate 7%
$265,629
$265.6K
Cap Rate 9%
$206,600
$206.6K
Market Conditions
NOI Build-Up for 1,213 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.7K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$33.8K $27.87/SF
− OpEx
−$15.2K −$12.54/SF
NOI
$18.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$371,880
Cap Rate 7%
$265,629
Cap Rate 9%
$206,600
Alternative Uses
Best Use
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,594 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$673.7K
$589.5K – $786.0K
NOI $47,161 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,524
Businesses Nearby
Explore this area
Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright condo with an updated kitchen, private balcony, and deeded underground garage parking near Braddock Road Metro Station.
Where is this residential income property located?
The property is located at 545 E BRADDOCK ROAD Unit 408 Alexandria, VA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,213‑square‑foot condominium with three bedrooms and two bathrooms; Updated kitchen with stainless steel appliances, new countertops, and generous cabinetry; Private balcony, built‑ins, electric fireplace, and abundant natural light
