Residential Condo with Remodeled
For Sale
$519,000
607 BASHFORD LANE Unit 1, Alexandria, VA 22314
A two-level corner residence pairs separate entrances with a flexible three-bedroom layout.
Property Size1,250 SF
Price / SF$415.20
Days on Market42
Property Features for 607 BASHFORD LANE Unit 1
General Information
Standard status
Active
Size
1,250 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Old Town North
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,309
Building Details
Building Size
1,250 SF
Year Built
1944
Year Renovated
2023
Listing Agency:
Compass
Listed By:
Kyle R Toomey · License #0225211335
(703) 380-0071
Source:
Jackrealtygroup
Added: Sep 17
Changed: Oct 27
Last Checked: Oct 26 at 7:14PM
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
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This two-level condo offers three bedrooms and two full bathrooms, with two bedrooms and a full bath on the lower floor. The upper-level bedroom includes two closets fitted with custom shelving; both lower-level bedrooms have walk-in closets. Hardwood flooring is present upstairs, with carpet in the bedroom. The kitchen received new cabinets, quartz counters, stainless steel appliances, and a tile backsplash in 2023. Bathrooms were remodeled in 2020 and 2023, respectively. A heat pump was replaced in 2020, and the washer and dryer were replaced in 2025. Vinyl windows serve the unit, which was built in 1944.
As a corner unit in Harbor Terrace, the residence has windows on all sides and two separate entrances. The second entrance opens to a private exterior corner suitable for outdoor use. Two unassigned parking passes are included, with additional street parking available. The property is near Reagan airport, the GW Parkway, Potomac Yard Metro, coffee shops, and restaurants.
As a corner unit in Harbor Terrace, the residence has windows on all sides and two separate entrances. The second entrance opens to a private exterior corner suitable for outdoor use. Two unassigned parking passes are included, with additional street parking available. The property is near Reagan airport, the GW Parkway, Potomac Yard Metro, coffee shops, and restaurants.
Key Highlights
- Three‑bedroom, two‑bathroom condo with two levels
- Kitchen updated in 2023 with quartz countertops, new cabinetry, stainless steel appliances, and tile backsplash
- Bathrooms remodeled in 2020 and 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,161
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,220
$383.2K
Cap Rate 7%
$273,729
$273.7K
Cap Rate 9%
$212,900
$212.9K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$36.8K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$34.8K $27.87/SF
− OpEx
−$15.7K −$12.54/SF
NOI
$19.2K $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%
$383,220
Cap Rate 7%
$273,729
Cap Rate 9%
$212,900
Alternative Uses
Best Use
Apartment 5plus
$273.7K
$239.5K – $319.4K
NOI $19,161 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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 - A two-level corner residence pairs separate entrances with a flexible three-bedroom layout.
Where is this residential income property located?
The property is located at 607 BASHFORD LANE Unit 1 Alexandria, VA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom condo with two levels; Kitchen updated in 2023 with quartz countertops, new cabinetry, stainless steel appliances, and tile backsplash; Bathrooms remodeled in 2020 and 2023
