Residential Income Property with
For Sale
$210,000
5708 SHADWELL COURT Unit 106, Alexandria, VA 22309
A 625-square-foot condominium offers an open living and dining area, vaulted ceilings, and assigned parking.
Property Size625 SF
Price / SF$336
Days on Market196
Property Features for 5708 SHADWELL COURT Unit 106
General Information
Standard status
Active
Size
625 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,538
Amenities
balcony
fireplace
playground
Building Details
Building Size
625 SF
Year Built
1989
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Cynthia Schneider · License #0225136582
(703) 822-0207
Source:
Irvinrealtyllc
Added: Apr 16
Changed: Oct 26
Last Checked: Oct 26 at 2:24PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1989, this 625-square-foot condominium has an open living and dining arrangement with vaulted ceilings, a fireplace, and a sliding door to a private balcony. The kitchen has granite countertops and cabinet storage. One bedroom includes two closets, and the full bathroom contains a washer and dryer. Recent interior work includes fresh paint and new carpet. A storage closet is located on the deck.
The community includes playground areas and access to the Mount Vernon Trail. Assigned parking is provided, with additional visitor spaces in the lot. The property has access to Route 1, the GW Parkway, and I-495, and is described as minutes from Fort Belvoir, Mount Vernon, Old Town Alexandria, Wegmans, Costco, dining, and Reagan National Airport.
The community includes playground areas and access to the Mount Vernon Trail. Assigned parking is provided, with additional visitor spaces in the lot. The property has access to Route 1, the GW Parkway, and I-495, and is described as minutes from Fort Belvoir, Mount Vernon, Old Town Alexandria, Wegmans, Costco, dining, and Reagan National Airport.
Key Highlights
- 625‑square‑foot condominium built in 1989
- Private balcony with a deck storage closet
- Open living and dining areas with vaulted ceilings and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,581
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,620
$191.6K
Cap Rate 7%
$136,871
$136.9K
Cap Rate 9%
$106,456
$106.5K
Market Conditions
NOI Build-Up for 625 SF
Gross rent
$18.4K $29.40/SF
− Vacancy
−$956 −$1.53/SF
EGI
$17.4K $27.87/SF
− OpEx
−$7.8K −$12.54/SF
NOI
$9.6K $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 Rate 5%
$191,620
Cap Rate 7%
$136,871
Cap Rate 9%
$106,456
Alternative Uses
Best Use
Apartment 5plus
$136.9K
$119.8K – $159.7K
NOI $9,581 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 11.57%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
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Business Placement
Demographics for 22309, VA
33,773
Population
13,082
Households
2.6
Avg Household Size
38
Median Age
44%
College-Educated
86%
High-School Grad
7.5 sq mi
ZIP Area
4,503
Density / Sq Mi
$101,556
Median Household Income
$47,738
Median Earnings
$1,749
Median Rent
$539,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 625-square-foot condominium offers an open living and dining area, vaulted ceilings, and assigned parking.
Where is this residential income property located?
The property is located at 5708 SHADWELL COURT Unit 106 Alexandria, VA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 625‑square‑foot condominium built in 1989; Private balcony with a deck storage closet; Open living and dining areas with vaulted ceilings and a fireplace
