Two-Bedroom Residential Income
For Sale
$250,000
5915 MAYFLOWER COURT Unit 304, Alexandria, VA 22312
An updated kitchen, shared recreational facilities, and washer/dryer hookups add practical features to this residential offering.
Property Size962 SF
Price / SF$259.88
Days on Market33
Property Features for 5915 MAYFLOWER COURT Unit 304
General Information
Standard status
Active
Size
962 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,956
Amenities
outdoor pool
clubhouse
washer/dryer hookups
Building Details
Building Size
962 SF
Year Built
1965
Listing Agency:
Hagan Realty
Listed By:
Chirag H Shah
(240) 483-5230
Source:
Jackrealtygroup
Added: Sep 26
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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 Hagan Realty
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Investment Insights
Based on property information with market context.
This 962-square-foot apartment has two bedrooms, one bathroom, walk-in closets, and washer/dryer hookups. Recent updates include fresh paint, new flooring and carpet, a kitchen renovated in 2021, and an HVAC system installed in 2025. Kitchen equipment includes stainless steel appliances, a gas range, a dishwasher, and an additional refrigerator/freezer.
Residents have access to an outdoor pool, clubhouse, and maintained grounds. Public transportation, shopping, dining, and parks are nearby. The property is approximately 10 minutes from the Pentagon and 20 minutes from Downtown DC.
Residents have access to an outdoor pool, clubhouse, and maintained grounds. Public transportation, shopping, dining, and parks are nearby. The property is approximately 10 minutes from the Pentagon and 20 minutes from Downtown DC.
Key Highlights
- 962‑square‑foot apartment with 2 bedrooms and 1 bathroom
- Kitchen updated in 2021 with stainless steel appliances, gas range, dishwasher, and an additional refrigerator/freezer
- HVAC system replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,747
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,940
$294.9K
Cap Rate 7%
$210,671
$210.7K
Cap Rate 9%
$163,856
$163.9K
Market Conditions
NOI Build-Up for 962 SF
Gross rent
$28.3K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$26.8K $27.87/SF
− OpEx
−$12.1K −$12.54/SF
NOI
$14.7K $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%
$294,940
Cap Rate 7%
$210,671
Cap Rate 9%
$163,856
Alternative Uses
Best Use
Apartment 5plus
$210.7K
$184.3K – $245.8K
NOI $14,747 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$534.3K
$467.5K – $623.4K
NOI $37,403 @ 7.0% cap · market cap 14.96%
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
1,344
Businesses Nearby
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Business Placement
Demographics for 22312, VA
30,447
Population
11,191
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
5,970
Density / Sq Mi
$105,044
Median Household Income
$53,471
Median Earnings
$2,009
Median Rent
$593,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An updated kitchen, shared recreational facilities, and washer/dryer hookups add practical features to this residential offering.
Where is this residential income property located?
The property is located at 5915 MAYFLOWER COURT Unit 304 Alexandria, VA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 962‑square‑foot apartment with 2 bedrooms and 1 bathroom; Kitchen updated in 2021 with stainless steel appliances, gas range, dishwasher, and an additional refrigerator/freezer; HVAC system replaced in 2025
