Ground-Level Residential Income
For Sale
$289,900
7334 TAVENNER LANE Unit 1A, Alexandria, VA 22306
Two-bedroom condo with private patio, in-unit laundry, and direct access to surrounding green space.
Property Size1,200 SF
Price / SF$241.58
Days on Market62
Property Features for 7334 TAVENNER LANE Unit 1A
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,425
Amenities
in-unit laundry
private patio
walk-in pantry
Building Details
Building Size
1,200 SF
Year Built
1978
Listing Agency:
Real Broker, LLC
Listed By:
Jeffrey Martin · License #0225261593
(703) 715-7074
Source:
Dcmetrorealtyteam
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 19 at 2:37PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
Unit 1A is a ground-level residential income property offering approximately 1,200 square feet with two bedrooms and two full bathrooms. The interior includes luxury vinyl plank flooring, a naturally lit living room, a separate dining area, granite kitchen counters, a breakfast bar, ample cabinetry, and a walk-in pantry. A full-size washer and dryer are located inside the unit, while both bedrooms provide substantial closet storage. The primary bedroom includes a private bathroom.
An oversized patio extends from the living room to the surrounding lawn and green space, providing private outdoor space without stairs between the residence and the grounds. The property was built in 1978. Nearby access includes Route 1, Huntington Metro, I-495, and the George Washington Memorial Parkway, with Old Town Alexandria, Fort Belvoir, Washington, DC, Arlington, and National Landing within the stated regional access area.
An oversized patio extends from the living room to the surrounding lawn and green space, providing private outdoor space without stairs between the residence and the grounds. The property was built in 1978. Nearby access includes Route 1, Huntington Metro, I-495, and the George Washington Memorial Parkway, with Old Town Alexandria, Fort Belvoir, Washington, DC, Arlington, and National Landing within the stated regional access area.
Key Highlights
- Approximately 1,200 square feet with two bedrooms and two full bathrooms
- Ground‑level layout with no stairs between the unit and outdoor space
- Oversized private patio opening to lawn and green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,395
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,900
$367.9K
Cap Rate 7%
$262,786
$262.8K
Cap Rate 9%
$204,389
$204.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$35.3K $29.40/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$33.4K $27.87/SF
− OpEx
−$15.1K −$12.54/SF
NOI
$18.4K $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%
$367,900
Cap Rate 7%
$262,786
Cap Rate 9%
$204,389
Alternative Uses
Best Use
Apartment 5plus
$262.8K
$229.9K – $306.6K
NOI $18,395 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$666.5K
$583.2K – $777.6K
NOI $46,656 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 22306, VA
33,330
Population
11,514
Households
2.9
Avg Household Size
35
Median Age
40%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
4,901
Density / Sq Mi
$95,026
Median Household Income
$45,193
Median Earnings
$1,750
Median Rent
$583,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with private patio, in-unit laundry, and direct access to surrounding green space.
Where is this residential income property located?
The property is located at 7334 TAVENNER LANE Unit 1A Alexandria, VA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Approximately 1,200 square feet with two bedrooms and two full bathrooms; Ground‑level layout with no stairs between the unit and outdoor space; Oversized private patio opening to lawn and green space
