Two-Level Residential
For Sale
$459,900
5924 TERRAPIN PLACE Unit 301, Alexandria, VA 22310
Top-floor home with vaulted bedrooms, in-unit laundry, and access to community amenities.
Property Size1,148 SF
Days on Market44
Property Features for 5924 TERRAPIN PLACE Unit 301
General Information
Standard status
Active
Size
1,148 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,741
Amenities
outdoor pool
clubhouse
common grounds
walking paths
Building Details
Building Size
1,148 SF
Year Built
1995
Listing Agency:
Divine Fog Realty Capital Area LLC
Listed By:
Charles Alexander Dubissette
(703) 677-8315
Source:
Dcmetrorealtyteam
Added: Aug 24
Changed: Oct 3
Last Checked: Oct 5 at 11:25PM
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 Divine Fog Realty Capital Area LLC
Investment Insights
Based on property information with market context.
This two-level condominium was built in 1995 and features an open main floor, a stone fireplace, and a kitchen with granite countertops and tile finishes. The upper level has vaulted bedrooms, walk-in closets, full bathrooms, and in-unit laundry. Recent interior work includes fresh paint and new carpet.
Residents have access to an outdoor pool, clubhouse, common grounds, walking paths, and assigned parking. The property is within one mile of Van Dorn Metro and near I-495, with shopping and dining in Kingstowne and Springfield.
Residents have access to an outdoor pool, clubhouse, common grounds, walking paths, and assigned parking. The property is within one mile of Van Dorn Metro and near I-495, with shopping and dining in Kingstowne and Springfield.
Key Highlights
- Top‑floor, two‑level condominium
- Built in 1995
- Open main level with stone fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,598
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,960
$352.0K
Cap Rate 7%
$251,400
$251.4K
Cap Rate 9%
$195,533
$195.5K
Market Conditions
NOI Build-Up for 1,148 SF
Gross rent
$33.8K $29.40/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$32.0K $27.87/SF
− OpEx
−$14.4K −$12.54/SF
NOI
$17.6K $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%
$351,960
Cap Rate 7%
$251,400
Cap Rate 9%
$195,533
Alternative Uses
Best Use
Apartment 5plus
$251.4K
$220.0K – $293.3K
NOI $17,598 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$637.6K
$557.9K – $743.9K
NOI $44,634 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 22310, VA
29,611
Population
11,116
Households
2.7
Avg Household Size
39
Median Age
64%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,420
Density / Sq Mi
$160,872
Median Household Income
$83,668
Median Earnings
$2,396
Median Rent
$627,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor home with vaulted bedrooms, in-unit laundry, and access to community amenities.
Where is this residential income property located?
The property is located at 5924 TERRAPIN PLACE Unit 301 Alexandria, VA.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Top‑floor, two‑level condominium; Built in 1995; Open main level with stone fireplace
