Updated Residential Income
New
For Sale
$309,900
8896 WALUTES CIRCLE #D, Alexandria, VA 22309
The two-bedroom, one-bath layout includes an open living area and a walk-in closet in the primary suite.
Property Size966 SF
Price / SF$320.81
Days on Market3
Property Features for 8896 WALUTES CIRCLE #D
General Information
Standard status
Active
Size
966 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Building Details
Year Built
1972
Listing Agency:
Pearson Smith Realty, LLC
(571) 386-1075
Listed By:
John David Logan III
(703) 915-4275
Source:
Cummingsrealtors
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:26AM
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 Pearson Smith Realty, LLC
Investment Insights
Based on property information with market context.
This 966-square-foot residential income property was built in 1972 and has two bedrooms and one bathroom. The open-plan interior features LVP flooring throughout. In the kitchen, white cabinetry, countertops, and a backsplash have been updated; the bathroom has floor-to-ceiling marble tile and an oversized soaking tub. The primary suite includes a walk-in closet.
The property is next to Fort Belvoir and a stated 25-minute drive from Quantico. Its location and refreshed interior are key details for evaluating the home.
The property is next to Fort Belvoir and a stated 25-minute drive from Quantico. Its location and refreshed interior are key details for evaluating the home.
Key Highlights
- 966‑square‑foot property built in 1972
- Two bedrooms and one bathroom, with an open‑plan interior
- LVP flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,808
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,160
$296.2K
Cap Rate 7%
$211,543
$211.5K
Cap Rate 9%
$164,533
$164.5K
Market Conditions
NOI Build-Up for 966 SF
Gross rent
$28.4K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$26.9K $27.87/SF
− OpEx
−$12.1K −$12.54/SF
NOI
$14.8K $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%
$296,160
Cap Rate 7%
$211,543
Cap Rate 9%
$164,533
Alternative Uses
Best Use
Apartment 5plus
$211.5K
$185.1K – $246.8K
NOI $14,808 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$536.5K
$469.5K – $626.0K
NOI $37,558 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
Business Placement
Demographics for 22309, VA
33,773
Population
13,082
Households
2.6
Avg Household Size
38
Median Age
44%
College-Educated
86%
High-School Grad
7.5 sq mi
ZIP Area
4,503
Density / Sq Mi
$101,556
Median Household Income
$47,738
Median Earnings
$1,749
Median Rent
$539,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, one-bath layout includes an open living area and a walk-in closet in the primary suite.
Where is this residential income property located?
The property is located at 8896 WALUTES CIRCLE #D Alexandria, VA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 966‑square‑foot property built in 1972; Two bedrooms and one bathroom, with an open‑plan interior; LVP flooring throughout
