Two-Bedroom Residential Income Property with
For Sale
$497,500
5904 MOUNT EAGLE DRIVE Unit 114, Alexandria, VA 22303
The condominium includes a den, in-unit laundry, and a garage parking space.
Property Size1,525 SF
Price / SF$326.23
Days on Market56
Property Features for 5904 MOUNT EAGLE DRIVE Unit 114
General Information
Standard status
Active
Size
1,525 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$7,767
Amenities
free shuttle
EV charging stations
indoor year-round salt-water swimming poool
outdoor swimming poool
fitness center
tennis courts
pickleball
basketball
walking/nature trails
picnic/griling 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
Building Details
Building Size
1,525 SF
Year Built
1984
Tenancy
Multi
Listing Agency:
RE/MAX Allegiance
Listed By:
Greg M Culbertson · License #0225153432
(703) 795-6444
Source:
Metrohomesrealtygroup
Added: Sep 3
Changed: Oct 27
Last Checked: Oct 26 at 3:23PM
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
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Investment Insights
Based on property information with market context.
This 1,525-square-foot condominium at Montebello has two bedrooms, two full bathrooms, and a den that can serve as an office or guest room. The layout also includes a formal dining room, a kitchen with a walk-in pantry, and a sunroom with access from the living room and both bedrooms. A Carrier HVAC system was installed in 2025, and a washer and dryer are included in the unit. The property is offered as-is.
A garage parking space and a separate storage room convey with the unit. Montebello is a gated community with indoor and outdoor swimming 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 Metro station is also described as a 10-minute walk away.
A garage parking space and a separate storage room convey with the unit. Montebello is a gated community with indoor and outdoor swimming 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 Metro station is also described as a 10-minute walk away.
Key Highlights
- 1,525‑square‑foot condominium with two bedrooms, two full bathrooms, and a den
- Garage parking space and separate storage room convey
- Carrier HVAC system installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,377
Cap Rate
4.70%
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 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$847.0K
$741.2K – $988.2K
NOI $59,292 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
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 - The condominium includes a den, in-unit laundry, and a garage parking space.
Where is this residential income property located?
The property is located at 5904 MOUNT EAGLE DRIVE Unit 114 Alexandria, VA.
What is the asking price?
The asking price for this property is $497,500.
What are key features of this property?
This property features: 1,525‑square‑foot condominium with two bedrooms, two full bathrooms, and a den; Garage parking space and separate storage room convey; Carrier HVAC system installed in 2025
