Studio Residential Income
For Sale
$210,000
820 S WASHINGTON STREET Unit 227, Alexandria, VA 22314
Wood flooring, closet space, and a dining room are part of the studio’s interior.
Property Size446 SF
Price / SF$470.85
Days on Market85
Property Features for 820 S WASHINGTON STREET Unit 227
General Information
Standard status
Active
Size
446 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest Quadrant
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,364
Building Details
Building Size
446 SF
Year Built
1941
Listing Agency:
Wilkinson PM INC
Listed By:
Beate Whitesell · License #0225192397
(202) 215-3606
Source:
Jackrealtygroup
Added: Aug 5
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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 Wilkinson PM INC
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.
This studio residence features wood floors, closet space, and a dining room. The property was built in 1941.
In Alexandria’s Old Town, the home is described as being in the neighborhood’s southern area, a few blocks from the river and Mount Vernon Trail. Nearby businesses include Balducci’s, ACE Hardware, Eclairons, and restaurants.
In Alexandria’s Old Town, the home is described as being in the neighborhood’s southern area, a few blocks from the river and Mount Vernon Trail. Nearby businesses include Balducci’s, ACE Hardware, Eclairons, and restaurants.
Key Highlights
- Studio layout with wood floors, closet space, and a dining room
- Built in 1941
- A few blocks from the river and Mount Vernon Trail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,837
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$136,740
$136.7K
Cap Rate 7%
$97,671
$97.7K
Cap Rate 9%
$75,967
$76.0K
Market Conditions
NOI Build-Up for 446 SF
Gross rent
$13.1K $29.40/SF
− Vacancy
−$682 −$1.53/SF
EGI
$12.4K $27.87/SF
− OpEx
−$5.6K −$12.54/SF
NOI
$6.8K $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%
$136,740
Cap Rate 7%
$97,671
Cap Rate 9%
$75,967
Alternative Uses
Best Use
Apartment 5plus
$97.7K
$85.5K – $114.0K
NOI $6,837 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$247.7K
$216.8K – $289.0K
NOI $17,340 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,980
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
Frequently Asked Questions
What type of property is this?
Residential income property - Wood flooring, closet space, and a dining room are part of the studio’s interior.
Where is this residential income property located?
The property is located at 820 S WASHINGTON STREET Unit 227 Alexandria, VA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Studio layout with wood floors, closet space, and a dining room; Built in 1941; A few blocks from the river and Mount Vernon Trail
