Top-Floor Studio Residential
For Sale
$200,000
922 S WASHINGTON STREET Unit 312, Alexandria, VA 22314
A refreshed studio features a courtyard outlook, updated bath and kitchen, and shared laundry and bicycle storage.
Property Size451 SF
Price / SF$443.46
Days on Market134
Property Features for 922 S WASHINGTON STREET Unit 312
General Information
Standard status
Active
Size
451 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest Quadrant
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,365
Amenities
laundry
bike room
Building Details
Building Size
451 SF
Year Built
1941
Listing Agency:
Corcoran McEnearney
Listed By:
Sandra L McMaster · License #0225096025
(571) 259-2673
Source:
Metrohomesrealtygroup
Added: Jun 17
Changed: Oct 27
Last Checked: Oct 26 at 3:01PM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
This 451-square-foot studio occupies the top floor of a residential building constructed in 1941. The unit has refinished hardwood floors, fresh paint, an updated bathroom, and a kitchen with granite countertops and stainless steel appliances. Windows face the interior courtyard, and the unit receives natural light.
Shared laundry is located on the first level, and residents have access to a communal bicycle room. The property is at 922 S Washington Street in Alexandria, with shops, restaurants, waterfront areas, and transportation options within walking distance. The GW bikepath runs along the water, with routes extending toward Mount Vernon and Washington, DC.
Shared laundry is located on the first level, and residents have access to a communal bicycle room. The property is at 922 S Washington Street in Alexandria, with shops, restaurants, waterfront areas, and transportation options within walking distance. The GW bikepath runs along the water, with routes extending toward Mount Vernon and Washington, DC.
Key Highlights
- 451‑square‑foot top‑floor studio with an interior courtyard view
- Kitchen with granite countertops and stainless steel appliances
- Updated bathroom and refinished hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,913
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,260
$138.3K
Cap Rate 7%
$98,757
$98.8K
Cap Rate 9%
$76,811
$76.8K
Market Conditions
NOI Build-Up for 451 SF
Gross rent
$13.3K $29.40/SF
− Vacancy
−$689 −$1.53/SF
EGI
$12.6K $27.87/SF
− OpEx
−$5.7K −$12.54/SF
NOI
$6.9K $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%
$138,260
Cap Rate 7%
$98,757
Cap Rate 9%
$76,811
Alternative Uses
Best Use
Apartment 5plus
$98.8K
$86.4K – $115.2K
NOI $6,913 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$250.5K
$219.2K – $292.3K
NOI $17,535 @ 7.0% cap · market cap 8.77%
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 refreshed studio features a courtyard outlook, updated bath and kitchen, and shared laundry and bicycle storage.
Where is this residential income property located?
The property is located at 922 S WASHINGTON STREET Unit 312 Alexandria, VA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 451‑square‑foot top‑floor studio with an interior courtyard view; Kitchen with granite countertops and stainless steel appliances; Updated bathroom and refinished hardwood floors
