Two-Bedroom Condominium with River
For Sale
$575,000
801 N PITT STREET Unit 1203, Alexandria, VA 22314
The unit includes two full bathrooms, a gas-equipped kitchen, and off-street parking.
Property Size1,152 SF
Price / SF$499.13
Days on Market128
Property Features for 801 N PITT STREET Unit 1203
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Old Town North
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,713
Amenities
rooftop deck
grills
front desk
onsite management
Building Details
Building Size
1,152 SF
Year Built
1965
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Jun 23
Changed: Oct 26
Last Checked: Oct 26 at 12:51PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,152-square-foot condominium, built in 1965, has two bedrooms, two full bathrooms, and an open-plan living area. The kitchen features gas cooking, stainless steel appliances, and granite counters. A primary suite includes an en-suite bathroom and walk-in closet, while river views are visible from the residence. The current lease has 12 months remaining.
Building amenities include a rooftop deck with Potomac River and monument views, lounge furniture, and barbecue grills. A front desk operates Monday through Friday, and professional management is on site. Off-street parking is included. The condominium fee covers gas, electricity, water, and trash. Parks and running trails are 1 1/2 blocks from the building, and Braddock Metro is eight blocks away; restaurants and shops surround Port Royal.
Building amenities include a rooftop deck with Potomac River and monument views, lounge furniture, and barbecue grills. A front desk operates Monday through Friday, and professional management is on site. Off-street parking is included. The condominium fee covers gas, electricity, water, and trash. Parks and running trails are 1 1/2 blocks from the building, and Braddock Metro is eight blocks away; restaurants and shops surround Port Royal.
Key Highlights
- 1,152‑square‑foot condominium with two bedrooms and two full bathrooms
- Water views from the residence; rooftop deck overlooks the Potomac River and monuments
- Gas cooking, stainless steel appliances, and granite kitchen counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,659
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,180
$353.2K
Cap Rate 7%
$252,271
$252.3K
Cap Rate 9%
$196,211
$196.2K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$33.9K $29.40/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$32.1K $27.87/SF
− OpEx
−$14.4K −$12.54/SF
NOI
$17.7K $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%
$353,180
Cap Rate 7%
$252,271
Cap Rate 9%
$196,211
Alternative Uses
Best Use
Apartment 5plus
$252.3K
$220.7K – $294.3K
NOI $17,659 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$639.9K
$559.9K – $746.5K
NOI $44,790 @ 7.0% cap · market cap 7.79%
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
4,236
Businesses Nearby
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Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes two full bathrooms, a gas-equipped kitchen, and off-street parking.
Where is this residential income property located?
The property is located at 801 N PITT STREET Unit 1203 Alexandria, VA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,152‑square‑foot condominium with two bedrooms and two full bathrooms; Water views from the residence; rooftop deck overlooks the Potomac River and monuments; Gas cooking, stainless steel appliances, and granite kitchen counters
