Residential Income Property with
For Sale
$724,500
5903 MOUNT EAGLE DRIVE Unit 304, Alexandria, VA 22303
Renovated two-bedroom condominium residence with a den, an enclosed sunroom, and in-unit laundry.
Property Size1,525 SF
Days on Market12
Property Features for 5903 MOUNT EAGLE DRIVE Unit 304
General Information
Standard status
Active
Size
1,525 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,915
Amenities
free shuttle to metro
EV charging stations
indoor/year-round salt-water swimming pool
outdoor swimming pool
fitness center
tennis courts
pickleball
basketball
walking/nature trails
picnic/grilling areas
playground
bowling alley
game room
hobby rooms
party rooms
on-site restaurant/cafe bar
convenience store with dry-cleaning service
hair salon
dog park
commercial laundry for oversized items
extra storage unit
24-hour gate and grounds patrol
Building Details
Building Size
1,525 SF
Year Built
1984
Listing Agency:
RE/MAX Allegiance
Listed By:
Greg M Culbertson · License #0225153432
(703) 795-6444
Source:
Dcmetrorealtyteam
Added: Sep 25
Changed: Oct 3
Last Checked: Oct 5 at 10:22PM
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 RE/MAX Allegiance
Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom condominium includes a den with French doors and a Murphy bed. The renovated kitchen has Shaker-style cabinetry, quartz counters, stainless-steel Samsung appliances, a pantry, and a breakfast bar. Maple hardwood flooring, updated doors and windows, recessed lighting, and crown molding are among the interior improvements. The primary bedroom has two walk-in closets and direct access to the screened sunroom, which also connects to the second bedroom and living room. Laundry is located in the unit.
The residence is part of Montebello, a gated condominium community with indoor and outdoor pools, fitness facilities, tennis and pickleball courts, walking trails, and an on-site restaurant and convenience store. A community shuttle serves Metro and area shopping centers; the property also has a dedicated gate entrance with a 10-minute walk to Metro. Building storage is included, and hot and cold water are covered by the condominium fee.
The residence is part of Montebello, a gated condominium community with indoor and outdoor pools, fitness facilities, tennis and pickleball courts, walking trails, and an on-site restaurant and convenience store. A community shuttle serves Metro and area shopping centers; the property also has a dedicated gate entrance with a 10-minute walk to Metro. Building storage is included, and hot and cold water are covered by the condominium fee.
Key Highlights
- Two bedrooms, two full baths, and a den with French doors and Murphy bed
- Screened sunroom measures 22 x 9'5 and connects to the living room and both bedrooms
- Renovated kitchen with quartz countertops, Samsung stainless‑steel appliances, and a 7x5 breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,377
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,540
$467.5K
Cap Rate 7%
$333,957
$334.0K
Cap Rate 9%
$259,744
$259.7K
Market Conditions
NOI Build-Up for 1,525 SF
Gross rent
$44.8K $29.40/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$42.5K $27.87/SF
− OpEx
−$19.1K −$12.54/SF
NOI
$23.4K $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%
$467,540
Cap Rate 7%
$333,957
Cap Rate 9%
$259,744
Alternative Uses
Best Use
Apartment 5plus
$334.0K
$292.2K – $389.6K
NOI $23,377 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$847.0K
$741.2K – $988.2K
NOI $59,292 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
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Business Placement
Demographics for 22303, VA
16,109
Population
8,669
Households
1.9
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
1.9 sq mi
ZIP Area
8,478
Density / Sq Mi
$103,822
Median Household Income
$69,699
Median Earnings
$2,050
Median Rent
$547,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated two-bedroom condominium residence with a den, an enclosed sunroom, and in-unit laundry.
Where is this residential income property located?
The property is located at 5903 MOUNT EAGLE DRIVE Unit 304 Alexandria, VA.
What is the asking price?
The asking price for this property is $724,500.
What are key features of this property?
This property features: Two bedrooms, two full baths, and a den with French doors and Murphy bed; Screened sunroom measures 22 x 9'5 and connects to the living room and both bedrooms; Renovated kitchen with quartz countertops, Samsung stainless‑steel appliances, and a 7x5 breakfast bar
