Updated Residential
For Sale
$289,900
906 S WASHINGTON STREET S Unit 307, Alexandria, VA 22314
A one-bedroom residence with an open living and dining area, updated kitchen, and shared fitness and laundry facilities.
Property Size672 SF
Price / SF$431.40
Days on Market133
Property Features for 906 S WASHINGTON STREET S Unit 307
General Information
Standard status
Active
Size
672 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest Quadrant
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,961
Amenities
laundry room
fitness room
bike storage
expansive green spaces
communal griling areas
Building Details
Building Size
672 SF
Year Built
1941
Listing Agency:
Compass
Listed By:
Frank J Schofield · License #0225097972
(571) 221-8640
Source:
Jackrealtygroup
Added: Jun 18
Changed: Oct 27
Last Checked: Oct 26 at 3:09PM
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 Compass
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Investment Insights
Based on property information with market context.
Unit 307 is a 672-square-foot, one-bedroom, one-bath condominium in a garden-style community built in 1941. Its open living and dining areas have hardwood floors, crown molding, and chair rail detailing. The kitchen includes granite counters, stainless steel appliances, and gas cooking. The bedroom has two closets, including a walk-in, with an additional linen closet. Recent updates include PTAC units installed in 2022 and an upgraded dishwasher from 2022. Building amenities include a fitness room, laundry room, bike storage, landscaped shared grounds, and communal grilling areas.
The property is within a few blocks of grocery and hardware stores, restaurants, the Potomac River waterfront, and Jones Point Park. King Street is less than a mile away. King Street Metro is 1.2 miles away, and Reagan National Airport is 4.8 miles away. Water taxis and major commuter routes are also accessible.
The property is within a few blocks of grocery and hardware stores, restaurants, the Potomac River waterfront, and Jones Point Park. King Street is less than a mile away. King Street Metro is 1.2 miles away, and Reagan National Airport is 4.8 miles away. Water taxis and major commuter routes are also accessible.
Key Highlights
- 672‑square‑foot, one‑bedroom, one‑bath condominium
- Built in 1941
- Kitchen with granite countertops, stainless steel appliances, and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,301
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,020
$206.0K
Cap Rate 7%
$147,157
$147.2K
Cap Rate 9%
$114,456
$114.5K
Market Conditions
NOI Build-Up for 672 SF
Gross rent
$19.8K $29.40/SF
− Vacancy
−$1.0K −$1.53/SF
EGI
$18.7K $27.87/SF
− OpEx
−$8.4K −$12.54/SF
NOI
$10.3K $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%
$206,020
Cap Rate 7%
$147,157
Cap Rate 9%
$114,456
Alternative Uses
Best Use
Apartment 5plus
$147.2K
$128.8K – $171.7K
NOI $10,301 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$373.2K
$326.6K – $435.5K
NOI $26,127 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,980
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 one-bedroom residence with an open living and dining area, updated kitchen, and shared fitness and laundry facilities.
Where is this residential income property located?
The property is located at 906 S WASHINGTON STREET S Unit 307 Alexandria, VA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 672‑square‑foot, one‑bedroom, one‑bath condominium; Built in 1941; Kitchen with granite countertops, stainless steel appliances, and gas cooking
