Ground-Level Residential Income
New
For Sale
$394,900
7708 HAYNES POINT WAY Unit D, Alexandria, VA 22315
This two-bedroom condominium has an open living and dining area, a private patio, and two assigned parking spaces.
Property Size996 SF
Price / SF$396.49
Days on Market6
Property Features for 7708 HAYNES POINT WAY Unit D
General Information
Standard status
Active
Size
996 SF
Total Parking Spaces
2
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
$4,415
Amenities
gas fireplace
custom built-in shelving
granite countertops
stainless steel appliances
private patio
laundry closet
outdoor swimming pools
tennis courts
playgrounds
walking trails
green spaces
Building Details
Building Size
996 SF
Year Built
1997
Listing Agency:
KW United
Listed By:
Ania Cress · License #0225215777
(703) 459-0007
Source:
Canopy-re
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 1:33PM
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 KW United
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on the ground level, this 996-square-foot condominium has two bedrooms and two full bathrooms. The living and dining areas connect in an open layout, with a gas fireplace and built-in shelving in the living room. The kitchen features granite countertops, wood-tone cabinetry, and stainless steel appliances. A private patio extends the living space outdoors. The primary bedroom includes a walk-in closet and an en-suite bathroom with a separate soaking tub and glass-enclosed shower; a laundry closet is also included. Updates include new carpet, light fixtures, paint, and a water heater installed in 2026, along with newer HVAC and windows. Two parking spaces and a storage bin inside the building are included.
Cardinal Place Condominiums is within the Island Creek community, which has two outdoor pools, tennis courts, playgrounds, walking trails, and landscaped green spaces. Nearby shopping and dining options include Wegmans at Hilltop Village Center, Kingstowne, and Springfield Town Center. Bus service connects to the Franconia-Springfield Metro Station, with access to major highways, Fort Belvoir, and U.S. Coast Guard facilities.
Cardinal Place Condominiums is within the Island Creek community, which has two outdoor pools, tennis courts, playgrounds, walking trails, and landscaped green spaces. Nearby shopping and dining options include Wegmans at Hilltop Village Center, Kingstowne, and Springfield Town Center. Bus service connects to the Franconia-Springfield Metro Station, with access to major highways, Fort Belvoir, and U.S. Coast Guard facilities.
Key Highlights
- Ground‑level, 996‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
- Private patio and two parking spaces
- Gas fireplace with built‑in shelving in the living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,268
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,360
$305.4K
Cap Rate 7%
$218,114
$218.1K
Cap Rate 9%
$169,644
$169.6K
Market Conditions
NOI Build-Up for 996 SF
Gross rent
$29.3K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$27.8K $27.87/SF
− OpEx
−$12.5K −$12.54/SF
NOI
$15.3K $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%
$305,360
Cap Rate 7%
$218,114
Cap Rate 9%
$169,644
Alternative Uses
Best Use
Apartment 5plus
$218.1K
$190.9K – $254.5K
NOI $15,268 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$553.2K
$484.1K – $645.4K
NOI $38,724 @ 7.0% cap · market cap 9.81%
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
394
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - This two-bedroom condominium has an open living and dining area, a private patio, and two assigned parking spaces.
Where is this residential income property located?
The property is located at 7708 HAYNES POINT WAY Unit D Alexandria, VA.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: Ground‑level, 996‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; Private patio and two parking spaces; Gas fireplace with built‑in shelving in the living room
