Residential Income Property with
For Sale
$334,500
Pending
5904 MOUNT EAGLE DRIVE Unit 711, Alexandria, VA 22303
One-bedroom condominium with a flexible den, renovated interiors, garage parking, and access to extensive community amenities.
Property Size1,045 SF
Days on Market68
Property Features for 5904 MOUNT EAGLE DRIVE Unit 711
General Information
Standard status
Pending
Size
1,045 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,521
Building Details
Building Size
1,045 SF
Year Built
1986
Listing Agency:
RE/MAX Allegiance
Listed By:
Greg M Culbertson · License #0225153432
(703) 795-6444
Source:
Dcmetrorealtyteam
Added: Jul 31
Changed: Oct 6
Last Checked: Oct 5 at 9:41PM
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 residential income property is a one-bedroom condominium with a den that can serve as a second bedroom or office, along with 1.5 baths. The interior includes a renovated kitchen, updated primary bath, hardwood floors, new carpeting, upgraded tile, refreshed lighting, and a replaced glass enclosure in the sunroom. A new HVAC system with air scrubber was installed in 2025. The unit also includes an in-home washer and dryer, walk-in storage, and a garage parking space.
The property is part of Montebello, a gated community established in 1986 across approximately 35 wooded acres. Community features include indoor and outdoor pools, fitness facilities, tennis, pickleball, basketball, walking trails, a dog park, EV charging stations, a restaurant and cafe bar, convenience services, and on-site management. A community shuttle is included, and Metro is described as a 10-minute walk from the dedicated back gate entrance.
The assigned parking space is in Building 5904 on Level B3, while additional storage is located in Building 5904 on Level B1.
The property is part of Montebello, a gated community established in 1986 across approximately 35 wooded acres. Community features include indoor and outdoor pools, fitness facilities, tennis, pickleball, basketball, walking trails, a dog park, EV charging stations, a restaurant and cafe bar, convenience services, and on-site management. A community shuttle is included, and Metro is described as a 10-minute walk from the dedicated back gate entrance.
The assigned parking space is in Building 5904 on Level B3, while additional storage is located in Building 5904 on Level B1.
Key Highlights
- One‑bedroom unit with den or potential second bedroom and 1.5 baths
- Renovated kitchen and primary bath with updated finishes
- New HVAC system with air scrubber installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,019
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,380
$320.4K
Cap Rate 7%
$228,843
$228.8K
Cap Rate 9%
$177,989
$178.0K
Market Conditions
NOI Build-Up for 1,045 SF
Gross rent
$30.7K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.1K $27.87/SF
− OpEx
−$13.1K −$12.54/SF
NOI
$16.0K $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%
$320,380
Cap Rate 7%
$228,843
Cap Rate 9%
$177,989
Alternative Uses
Best Use
Apartment 5plus
$228.8K
$200.2K – $267.0K
NOI $16,019 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$580.4K
$507.9K – $677.2K
NOI $40,630 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
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 - One-bedroom condominium with a flexible den, renovated interiors, garage parking, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 5904 MOUNT EAGLE DRIVE Unit 711 Alexandria, VA.
What is the asking price?
The asking price for this property is $334,500.
What are key features of this property?
This property features: One‑bedroom unit with den or potential second bedroom and 1.5 baths; Renovated kitchen and primary bath with updated finishes; New HVAC system with air scrubber installed in 2025
