Two-Bedroom Condominium with
For Sale
$375,000
5500 HOLMES RUN PARKWAY Unit 1110, Alexandria, VA 22304
A 1,270-square-foot residence features renovated interiors, in-unit laundry, and dual-zone HVAC.
Property Size1,270 SF
Price / SF$295.28
Days on Market42
Property Features for 5500 HOLMES RUN PARKWAY Unit 1110
General Information
Standard status
Active
Size
1,270 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,350
Amenities
pool
balcony
in-unit laundry
Building Details
Building Size
1,270 SF
Year Built
1974
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 26 at 1:22PM
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
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Investment Insights
Based on property information with market context.
This 11th-floor condominium offers two bedrooms and two full bathrooms across 1,270 square feet. Renovated interiors include granite countertops, a custom pantry, a dedicated laundry room, walk-in closets in both bedrooms, and updated bathrooms. A marble entry and arched doorways add architectural detail, while removed popcorn ceilings provide a smooth finish. Dual-zone HVAC serves the unit, and a private balcony overlooks the pool.
Built in 1974, the residence is located at 5500 Holmes Run Parkway in Alexandria, Virginia.
Built in 1974, the residence is located at 5500 Holmes Run Parkway in Alexandria, Virginia.
Key Highlights
- Two bedrooms and two full bathrooms
- 1,270 square feet on the 11th floor
- Private balcony with pool view
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,468
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,360
$389.4K
Cap Rate 7%
$278,114
$278.1K
Cap Rate 9%
$216,311
$216.3K
Market Conditions
NOI Build-Up for 1,270 SF
Gross rent
$37.3K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$35.4K $27.87/SF
− OpEx
−$15.9K −$12.54/SF
NOI
$19.5K $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%
$389,360
Cap Rate 7%
$278,114
Cap Rate 9%
$216,311
Alternative Uses
Best Use
Apartment 5plus
$278.1K
$243.4K – $324.5K
NOI $19,468 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$705.4K
$617.2K – $823.0K
NOI $49,378 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,364
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 - A 1,270-square-foot residence features renovated interiors, in-unit laundry, and dual-zone HVAC.
Where is this residential income property located?
The property is located at 5500 HOLMES RUN PARKWAY Unit 1110 Alexandria, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; 1,270 square feet on the 11th floor; Private balcony with pool view
