Two-Level
For Sale
$414,000
603 BASHFORD LANE Unit 1, Alexandria, VA 22314
Updated kitchen, in-unit laundry, and private entrances to both bedrooms complement the two-level layout.
Property Size1,150 SF
Price / SF$360
Days on Market52
Property Features for 603 BASHFORD LANE Unit 1
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Old Town North
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,008
Amenities
gazebo
grills
fitness room
wisteria-covered pergola
landscaped gardens
mature oak trees
Building Details
Building Size
1,150 SF
Year Built
1944
Listing Agency:
Compass
Listed By:
Giovanna Piskulich · License #0225101151
(571) 606-4294
Source:
Jackrealtygroup
Added: Sep 7
Changed: Oct 27
Last Checked: Oct 26 at 3:19PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,150-square-foot condominium in Harbor Terrace of Old Town has two levels, two bedrooms, and two bathrooms. Each bedroom has a private entrance. The kitchen has been updated, and a washer and dryer are located in the unit. The building dates to 1944.
Community amenities include landscaped gardens, a gazebo with grills and an adjacent patio, a wisteria-covered pergola, and a fitness room with cardio and strength-training equipment. The community is between the Potomac River and George Washington Memorial Parkway, with direct access to the GW bike path. Restaurants, coffee shops, grocery stores, fitness studios, and other daily conveniences are within a 10-minute walk. A nearby DASH bus stop and weekday Y11 Express service provide transit options; Reagan National Airport is approximately 10 minutes away.
Community amenities include landscaped gardens, a gazebo with grills and an adjacent patio, a wisteria-covered pergola, and a fitness room with cardio and strength-training equipment. The community is between the Potomac River and George Washington Memorial Parkway, with direct access to the GW bike path. Restaurants, coffee shops, grocery stores, fitness studios, and other daily conveniences are within a 10-minute walk. A nearby DASH bus stop and weekday Y11 Express service provide transit options; Reagan National Airport is approximately 10 minutes away.
Key Highlights
- 1,150‑square‑foot condominium with two bedrooms and two bathrooms
- Two‑level layout; both bedrooms have private entrances
- Updated kitchen and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,629
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,580
$352.6K
Cap Rate 7%
$251,843
$251.8K
Cap Rate 9%
$195,878
$195.9K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$33.8K $29.40/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$32.1K $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%
$352,580
Cap Rate 7%
$251,843
Cap Rate 9%
$195,878
Alternative Uses
Best Use
Apartment 5plus
$251.8K
$220.4K – $293.8K
NOI $17,629 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$638.7K
$558.9K – $745.2K
NOI $44,712 @ 7.0% cap · market cap 10.80%
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
2,065
Businesses Nearby
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Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, in-unit laundry, and private entrances to both bedrooms complement the two-level layout.
Where is this residential income property located?
The property is located at 603 BASHFORD LANE Unit 1 Alexandria, VA.
What is the asking price?
The asking price for this property is $414,000.
What are key features of this property?
This property features: 1,150‑square‑foot condominium with two bedrooms and two bathrooms; Two‑level layout; both bedrooms have private entrances; Updated kitchen and in‑unit washer and dryer
