Updated Residential Income
For Sale
$369,900
7501 CALDERON COURT Unit 248, Alexandria, VA 22306
Two-bedroom residence with remodeled baths, upgraded kitchen finishes, private outdoor space, and community amenities.
Property Size1,120 SF
Days on Market29
Property Features for 7501 CALDERON COURT Unit 248
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,237
Building Details
Building Size
1,120 SF
Year Built
2000
Listing Agency:
Redfin Corporation
(703) 989-4238
Listed By:
Albert D Pasquali · License #0225081590
(703) 989-4238
Source:
Dcmetrorealtyteam
Added: Jul 8
Changed: Aug 2
Last Checked: Aug 3 at 11:21AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This residential income property was built in 2000 and offers a two-bedroom, two-bathroom residence with extensive updates. Improvements include stainless steel appliances installed in 2026, energy-efficient windows and custom blinds completed in 2024, fresh designer paint, new carpet, and upgraded in-ceiling lighting. The kitchen features granite countertops and refreshed cabinetry, while both bathrooms were remodeled in 2024.
The residence also includes a private balcony and a storage room. Community amenities are available on site, with Huntley Meadows Park, shopping, and dining nearby. Old Town’s waterfront is approximately 15 minutes away, adding access to additional recreation and services.
The residence also includes a private balcony and a storage room. Community amenities are available on site, with Huntley Meadows Park, shopping, and dining nearby. Old Town’s waterfront is approximately 15 minutes away, adding access to additional recreation and services.
Key Highlights
- Two‑bedroom, two‑bathroom residence
- Stainless steel appliance suite installed in 2026
- Energy‑efficient windows and custom blinds completed in 2024
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $29.40 |
| − Vacancy | −$1.7k | −$1.53 |
| EGI | $31.2k | $27.87 |
| − OpEx | −$14.0k | −$12.54 |
| NOI | $17.2k | $15.33 |
1,120 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$245.3K
$214.6K – $286.2K
NOI $17,169 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$622.1K
$544.3K – $725.8K
NOI $43,546 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
688
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with remodeled baths, upgraded kitchen finishes, private outdoor space, and community amenities.
Where is this residential income property located?
The property is located at 7501 CALDERON COURT Unit 248 Alexandria, VA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom residence; Stainless steel appliance suite installed in 2026; Energy‑efficient windows and custom blinds completed in 2024
