One-Bedroom Residential Income
For Sale
$339,900
801 N PITT STREET Unit 706, Alexandria, VA 22314
A private balcony and building-wide resident services complement this high-rise home.
Property Size785 SF
Price / SF$432.99
Days on Market147
Property Features for 801 N PITT STREET Unit 706
General Information
Standard status
Active
Size
785 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Old Town North
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,580
Amenities
private balcony
concierge desk
controlled entry
rooftop terrace
resident lounge
package handling services
bike storage
dedicated storage areas
laundry facilities
Building Details
Building Size
785 SF
Year Built
1965
Listing Agency:
Samson Properties
Listed By:
Scott Andrew Polly
(571) 245-5251
Source:
Canopy-re
Added: Jun 4
Changed: Oct 27
Last Checked: Oct 26 at 12:27PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 785-square-foot residence has one bedroom, one bathroom, a private balcony, expansive windows, and hardwood flooring in the living areas and bedroom. The kitchen features quartz countertops and contemporary finishes. Updates include the kitchen in 2021, refrigerator in 2022, and dishwasher in 2024. The 1965 high-rise offers concierge service, controlled entry, a rooftop terrace, resident lounge, package handling, bike and dedicated storage, and laundry facilities on every floor. A fitness center is planned. The condo association covers utilities and maintains common areas.
The property is in Old Town Alexandria, near the waterfront, shops, restaurants, coffee houses, parks, and walking paths. Metro and rail options, the George Washington Parkway, and Ronald Reagan National Airport are accessible from the area. The rooftop terrace has views of Old Town, the Potomac River, and Washington, D.C.
The property is in Old Town Alexandria, near the waterfront, shops, restaurants, coffee houses, parks, and walking paths. Metro and rail options, the George Washington Parkway, and Ronald Reagan National Airport are accessible from the area. The rooftop terrace has views of Old Town, the Potomac River, and Washington, D.C.
Key Highlights
- 785‑square‑foot residence with one bedroom and one bathroom
- Private balcony and expansive windows
- Kitchen updated in 2021; refrigerator replaced in 2022 and dishwasher in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,033
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,660
$240.7K
Cap Rate 7%
$171,900
$171.9K
Cap Rate 9%
$133,700
$133.7K
Market Conditions
NOI Build-Up for 785 SF
Gross rent
$23.1K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$21.9K $27.87/SF
− OpEx
−$9.8K −$12.54/SF
NOI
$12.0K $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%
$240,660
Cap Rate 7%
$171,900
Cap Rate 9%
$133,700
Alternative Uses
Best Use
Apartment 5plus
$171.9K
$150.4K – $200.6K
NOI $12,033 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$436.0K
$381.5K – $508.7K
NOI $30,521 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony and building-wide resident services complement this high-rise home.
Where is this residential income property located?
The property is located at 801 N PITT STREET Unit 706 Alexandria, VA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 785‑square‑foot residence with one bedroom and one bathroom; Private balcony and expansive windows; Kitchen updated in 2021; refrigerator replaced in 2022 and dishwasher in 2024
