Residential Income Property with
For Sale
$315,000
610 BASHFORD LANE Unit 1301, Alexandria, VA 22314
The condo includes in-unit laundry and an assigned parking space.
Property Size817 SF
Price / SF$385.56
Days on Market139
Property Features for 610 BASHFORD LANE Unit 1301
General Information
Standard status
Active
Size
817 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast
Highway Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,387
Amenities
swimming pool
fitness center
bike storage
in-unit laundry
Building Details
Building Size
817 SF
Year Built
1940
Listing Agency:
RLAH @properties
Listed By:
Madeline Irene Lussier · License #0225209956
(703) 220-3936
Source:
Jackrealtygroup
Added: Jun 12
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This 817-square-foot, one-bedroom condo includes a den, a generously sized kitchen, updated flooring, in-unit laundry, and an assigned parking space. Built in 1940, the residence offers a layout with a separate area for office or additional living use.
The Riverton community provides a swimming pool, fitness center, and bike storage. The property is in Old Town Alexandria, minutes from the waterfront and Mount Vernon Trail, with access to the George Washington Parkway, Reagan National Airport, and Washington, DC.
The Riverton community provides a swimming pool, fitness center, and bike storage. The property is in Old Town Alexandria, minutes from the waterfront and Mount Vernon Trail, with access to the George Washington Parkway, Reagan National Airport, and Washington, DC.
Key Highlights
- 817‑square‑foot condo with one bedroom and a den
- Assigned parking space conveys with the unit
- Community swimming pool, fitness center, and bike storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,524
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,480
$250.5K
Cap Rate 7%
$178,914
$178.9K
Cap Rate 9%
$139,156
$139.2K
Market Conditions
NOI Build-Up for 817 SF
Gross rent
$24.0K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.8K $27.87/SF
− OpEx
−$10.2K −$12.54/SF
NOI
$12.5K $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%
$250,480
Cap Rate 7%
$178,914
Cap Rate 9%
$139,156
Alternative Uses
Best Use
Apartment 5plus
$178.9K
$156.6K – $208.7K
NOI $12,524 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$453.8K
$397.1K – $529.4K
NOI $31,765 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
Explore this area
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 - The condo includes in-unit laundry and an assigned parking space.
Where is this residential income property located?
The property is located at 610 BASHFORD LANE Unit 1301 Alexandria, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 817‑square‑foot condo with one bedroom and a den; Assigned parking space conveys with the unit; Community swimming pool, fitness center, and bike storage
