Potomac River View Income
For Sale
$187,000
801 N PITT STREET #411, Alexandria, VA 22314
Central air, gas cooking, and updated lighting support a bright, functional condominium residence.
Property Size384 SF
Days on Market193
Property Features for 801 N PITT STREET #411
General Information
Standard status
Active
Size
384 SF
Property subtype
Apartment
Additional Details
HOA Fee
$301.88
Amenities
roof top deck
Central A/C
Forced Air
Disposal
Exhaust Fan
Microwave
Oven/Range - Gas
Refrigerator
Building Details
Building Size
384 SF
Year Built
1965
Listed By:
Anna Vidal
(703) 587-4004
Source:
Kw
Added: Feb 28
Changed: Sep 9
Last Checked: Sep 8 at 10:52AM
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 Anna Vidal
Investment Insights
Based on property information with market context.
Unit 411 is a condominium residence within a 1965-built property, with Potomac River views and a rooftop deck overlooking Washington, DC, National Harbor, and Alexandria. The interior has been recently painted and includes LED light fixtures, central A/C, forced air, a disposal, exhaust fan, microwave, gas oven/range, and refrigerator.
The property is positioned near Harris Teeter, Trader Joe’s, Old Town restaurants, and shops. River trails are two blocks away, while public tennis courts, a farmers market, a park, and a dog run are located across the street. The address is 801 N Pitt Street in Alexandria, Virginia.
The property is positioned near Harris Teeter, Trader Joe’s, Old Town restaurants, and shops. River trails are two blocks away, while public tennis courts, a farmers market, a park, and a dog run are located across the street. The address is 801 N Pitt Street in Alexandria, Virginia.
Key Highlights
- Views of the Potomac River from Unit 411
- Rooftop deck overlooks Washington, DC, National Harbor, and Alexandria
- Recently painted interior with recent LED light fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,886
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$117,720
$117.7K
Cap Rate 7%
$84,086
$84.1K
Cap Rate 9%
$65,400
$65.4K
Market Conditions
NOI Build-Up for 384 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.3K $29.40/SF
− Vacancy
−$587 −$1.53/SF
EGI
$10.7K $27.87/SF
− OpEx
−$4.8K −$12.54/SF
NOI
$5.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$117,720
Cap Rate 7%
$84,086
Cap Rate 9%
$65,400
Alternative Uses
Best Use
Apartment 5plus
$84.1K
$73.6K – $98.1K
NOI $5,886 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$213.3K
$186.6K – $248.8K
NOI $14,930 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,236
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Central air, gas cooking, and updated lighting support a bright, functional condominium residence.
Where is this residential income property located?
The property is located at 801 N PITT STREET #411 Alexandria, VA.
What is the asking price?
The asking price for this property is $187,000.
What are key features of this property?
This property features: Views of the Potomac River from Unit 411; Rooftop deck overlooks Washington, DC, National Harbor, and Alexandria; Recently painted interior with recent LED light fixtures
