Studio Residential
For Sale
$190,000
Pending
801 N PITT STREET Unit 521, Alexandria, VA 22314
A private balcony, roof terrace, front desk, and parking add useful features to this studio residence.
Property Size384 SF
Days on Market107
Property Features for 801 N PITT STREET Unit 521
General Information
Standard status
Pending
Size
384 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Old Town North
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,595
Amenities
walk-in closet
balcony
front desk
rooftop deck
Building Details
Building Size
384 SF
Year Built
1965
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 14
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
Built in 1965, this studio residence has an open layout, a walk-in closet, and a balcony. Parking is included, and utilities are covered through the condo fee. The building has a front desk and a rooftop deck with views toward the Potomac River.
The property is about one block from the river and within walking distance of restaurants, grocery stores, shops, and Metro. Pets are welcome.
The property is about one block from the river and within walking distance of restaurants, grocery stores, shops, and Metro. Pets are welcome.
Key Highlights
- Studio layout with open floor plan and walk‑in closet
- Private balcony and access to a rooftop deck overlooking the Potomac River
- Utilities included in the condo fee; parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,886
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
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
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 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 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$213.3K
$186.6K – $248.8K
NOI $14,930 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 - A private balcony, roof terrace, front desk, and parking add useful features to this studio residence.
Where is this residential income property located?
The property is located at 801 N PITT STREET Unit 521 Alexandria, VA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Studio layout with open floor plan and walk‑in closet; Private balcony and access to a rooftop deck overlooking the Potomac River; Utilities included in the condo fee; parking included
