Top-Floor Residential Income
For Sale
$349,990
7522 SNOWPEA COURT Unit 21, Alexandria, VA 22306
Updated two-bedroom condo with west-facing exposure, hardwood flooring, and assigned parking.
Property Size1,120 SF
Price / SF$312.49
Days on Market50
Property Features for 7522 SNOWPEA COURT Unit 21
General Information
Standard status
Active
Size
1,120 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,262
Building Details
Building Size
1,120 SF
Year Built
1995
Stories
3
Listing Agency:
Corcoran McEnearney
Listed By:
Brian S Hong · License #0225167362
(703) 929-5764
Source:
Dcmetrorealtyteam
Added: Sep 1
Changed: Oct 17
Last Checked: Oct 19 at 3:35PM
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 Corcoran McEnearney
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,120 SF condominium is a two-bedroom, two-bath residence on the third floor of a building constructed in 1995. The interior has been freshly painted and includes new light fixtures, updated blinds, hardwood flooring, and a gas fireplace with mantel. Oak cabinetry, stainless steel appliances, quartz countertops, a pantry, and a full-sized washer and dryer serve the kitchen and utility areas. A sunroom provides additional dining space, while the primary bedroom includes a large walk-in closet.
The west-facing orientation brings afternoon sunlight, and the front balcony offers outdoor space with sunset views. A designated parking space is located outside the building entrance, with additional guest parking available. The property is near public transportation, restaurants, shopping, Costco, and Old Town Alexandria, with access to nearby commuting routes.
The west-facing orientation brings afternoon sunlight, and the front balcony offers outdoor space with sunset views. A designated parking space is located outside the building entrance, with additional guest parking available. The property is near public transportation, restaurants, shopping, Costco, and Old Town Alexandria, with access to nearby commuting routes.
Key Highlights
- 1,120 SF third‑floor condominium with 2 bedrooms and 2 bathrooms
- Fresh interior paint, new light fixtures, updated blinds, and hardwood flooring
- Kitchen with oak cabinets, stainless steel appliances, quartz countertops, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,169
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,380
$343.4K
Cap Rate 7%
$245,271
$245.3K
Cap Rate 9%
$190,767
$190.8K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$32.9K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$31.2K $27.87/SF
− OpEx
−$14.0K −$12.54/SF
NOI
$17.2K $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%
$343,380
Cap Rate 7%
$245,271
Cap Rate 9%
$190,767
Alternative Uses
Best Use
Apartment 5plus
$245.3K
$214.6K – $286.2K
NOI $17,169 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$622.1K
$544.3K – $725.8K
NOI $43,546 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom condo with west-facing exposure, hardwood flooring, and assigned parking.
Where is this residential income property located?
The property is located at 7522 SNOWPEA COURT Unit 21 Alexandria, VA.
What is the asking price?
The asking price for this property is $349,990.
What are key features of this property?
This property features: 1,120 SF third‑floor condominium with 2 bedrooms and 2 bathrooms; Fresh interior paint, new light fixtures, updated blinds, and hardwood flooring; Kitchen with oak cabinets, stainless steel appliances, quartz countertops, and pantry
