Two-Bedroom Residential Income
New
For Sale
$420,000
7503 ASHBY LANE Unit H, Alexandria, VA 22315
The condominium includes a private patio, a wood-burning fireplace, and access to community recreational amenities.
Property Size1,187 SF
Price / SF$353.83
Days on Market6
Property Features for 7503 ASHBY LANE Unit H
General Information
Standard status
Active
Size
1,187 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,746
Amenities
private patio
extra storage
wood-burning fireplace
stainless steel appliances
seasonal pool
tennis courts
pickleball courts
outdoor pools
fitness centers
aerobics studio
walking trails
biking trails
playgrounds
community gathering spaces
Building Details
Building Size
1,187 SF
Year Built
1989
Listing Agency:
Samson Properties
Listed By:
Patricia Nichole Caldwell · License #0225267646
(385) 251-4814
Source:
Dcmetrorealtyteam
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:41PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1,187-square-foot condominium has two bedrooms and two full bathrooms. Interior features include stainless steel appliances, a wood-burning fireplace, and bedrooms with closet space. A private patio and adjacent storage add outdoor and utility areas. The building was constructed in 1989, and a roof replacement is planned for 2026. One assigned parking space is included, along with visitor parking.
Residents have access to Stratford Place’s seasonal pool and Kingstowne community amenities, including tennis and pickleball courts, outdoor pools, fitness facilities, walking and biking trails, playgrounds, and gathering spaces. Kingstowne shopping and dining, Springfield Town Center, the Franconia-Springfield and Van Dorn Metro stations, major commuter routes, and Fort Belvoir are cited as nearby destinations.
Residents have access to Stratford Place’s seasonal pool and Kingstowne community amenities, including tennis and pickleball courts, outdoor pools, fitness facilities, walking and biking trails, playgrounds, and gathering spaces. Kingstowne shopping and dining, Springfield Town Center, the Franconia-Springfield and Van Dorn Metro stations, major commuter routes, and Fort Belvoir are cited as nearby destinations.
Key Highlights
- Two‑bedroom, two‑bath condominium with 1,187 square feet
- Private patio with storage located just outside
- Wood‑burning fireplace and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,196
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,920
$363.9K
Cap Rate 7%
$259,943
$259.9K
Cap Rate 9%
$202,178
$202.2K
Market Conditions
NOI Build-Up for 1,187 SF
Gross rent
$34.9K $29.40/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$33.1K $27.87/SF
− OpEx
−$14.9K −$12.54/SF
NOI
$18.2K $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%
$363,920
Cap Rate 7%
$259,943
Cap Rate 9%
$202,178
Alternative Uses
Best Use
Apartment 5plus
$259.9K
$227.5K – $303.3K
NOI $18,196 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$659.3K
$576.9K – $769.2K
NOI $46,151 @ 7.0% cap · market cap 10.99%
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
201
Businesses Nearby
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Business Placement
Demographics for 22315, VA
28,184
Population
11,660
Households
2.4
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
5.5 sq mi
ZIP Area
5,124
Density / Sq Mi
$156,230
Median Household Income
$89,478
Median Earnings
$2,396
Median Rent
$609,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium includes a private patio, a wood-burning fireplace, and access to community recreational amenities.
Where is this residential income property located?
The property is located at 7503 ASHBY LANE Unit H Alexandria, VA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with 1,187 square feet; Private patio with storage located just outside; Wood‑burning fireplace and stainless steel appliances
