Updated Two-Bedroom
New
For Sale
$372,000
7523 SNOWPEA COURT Unit 75, Alexandria, VA 22306
Recent interior improvements include new LVP flooring, stainless steel kitchen appliances, and a replacement backsplash.
Property Size1,244 SF
Price / SF$299.04
Days on Market4
Property Features for 7523 SNOWPEA COURT Unit 75
General Information
Standard status
Active
Size
1,244 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$408
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,333
Amenities
pool
tot lot
walking trails
Building Details
Building Size
1,244 SF
Year Built
1995
Listing Agency:
Redfin Corporation
Listed By:
To-Tam Le · License #0225216343
(703) 223-6730
Source:
Dcmetrorealtyteam
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:50AM
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
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Investment Insights
Based on property information with market context.
This 1,244-square-foot condominium in South Meadows has two bedrooms and two bathrooms. Recent interior work includes LVP flooring throughout the living areas, stainless steel kitchen appliances, and a new backsplash. Storage includes two large cabinets that convey with the home, an outdoor storage closet, and a walk-in closet in the main bedroom. The property was built in 1995; its HVAC dates to 2010 and the hot water heater to 2011.
Residents have access to a community pool, tot lot, and walking trails. Restaurants and shopping are less than half a mile away, and a Metrobus stop is approximately 0.3 miles from the home. Huntington Metro is about 3 miles away, while Huntley Meadows Park is 1.3 miles away. Parking includes one assigned guest space and two additional guest passes.
Residents have access to a community pool, tot lot, and walking trails. Restaurants and shopping are less than half a mile away, and a Metrobus stop is approximately 0.3 miles from the home. Huntington Metro is about 3 miles away, while Huntley Meadows Park is 1.3 miles away. Parking includes one assigned guest space and two additional guest passes.
Key Highlights
- Two bedrooms and two bathrooms in 1,244 square feet
- LVP flooring in living areas, plus new stainless steel kitchen appliances and backsplash
- Two large cabinets convey; additional storage includes an outdoor closet and main‑bedroom walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,069
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,380
$381.4K
Cap Rate 7%
$272,414
$272.4K
Cap Rate 9%
$211,878
$211.9K
Market Conditions
NOI Build-Up for 1,244 SF
Gross rent
$36.6K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$34.7K $27.87/SF
− OpEx
−$15.6K −$12.54/SF
NOI
$19.1K $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%
$381,380
Cap Rate 7%
$272,414
Cap Rate 9%
$211,878
Alternative Uses
Best Use
Apartment 5plus
$272.4K
$238.4K – $317.8K
NOI $19,069 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$691.0K
$604.6K – $806.1K
NOI $48,367 @ 7.0% cap · market cap 13.00%
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
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Recent interior improvements include new LVP flooring, stainless steel kitchen appliances, and a replacement backsplash.
Where is this residential income property located?
The property is located at 7523 SNOWPEA COURT Unit 75 Alexandria, VA.
What is the asking price?
The asking price for this property is $372,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,244 square feet; LVP flooring in living areas, plus new stainless steel kitchen appliances and backsplash; Two large cabinets convey; additional storage includes an outdoor closet and main‑bedroom walk‑in closet
