202-971-9595
300-302 W Glebe Rd, Alexandria, VA for Sale
Apartments - FOR SALE
1/17
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300-302 W Glebe Rd
Alexandria, VA 22305
Beverly Hills


OVERVIEW

The Opportunity Beverly Hills Court is a 26-unit garden-style building at 300-302 W. Glebe Road in Alexandria's Beverly Hills neighborhood. The three-story brick building offers 8 studios and 18 one-bedrooms, each with private balconies and 38 surface parking spaces. The property is 96.2% occupied, with individual HVAC and separately metered electric and gas reducing owner utility expenses. Value-Add Potential In-place rents average $1,440 against an achievable market rent of $1,702, a gap of $262 per unit. Studios are running $297 below market (24% upside) and one-bedrooms are $253 below market (17% upside). A measured interior renovation program implemented on natural turnover provides a straightforward, capital-efficient path to drive incremental NOI. Walkable Amenities & Convenient Location Beverly Hills Court is positioned along W. Glebe Road Del Ray's Mount Vernon Avenue is 0.5 miles away, offering a dense mix of independent restaurants, cafes, specialty retailers, and a year-round Saturday farmers market. Potomac Yard Shopping Center is 0.8 miles away, Old Town Alexandria is under 2 miles, and nearby parks including Four Mile Run and Shirlington further enhance livability. Transit Accessibility & Connectivity Multiple Metrobus routes stop directly in front of the building, providing frequent service to the Pentagon, Crystal City, Reagan National Airport, and Amazon HQ2. The Potomac Yard/Virginia Tech Metro Station on the Blue and Yellow Lines is 1.2 miles away, and Reagan National Airport is just 2.3 miles, reachable in under 6 minutes by car. Employment Center Abound The property sits within close proximity to some of the region's largest employment hubs, including Amazon HQ2 (2 mi), Crystal City (1.5 mi), and the Pentagon (2.7 mi). The National Landing corridor supports over 50,000 daytime workers, and Northern Virginia is home to roughly 15 Fortune 500 headquarters spanning defense, technology, consulting, and professional services. Favorable Demographics Alexandria boasts one of the most affluent renter profiles in the Washington metro area, with median household income within 1 mile exceeding $198,000 and average household income exceeding $256,000. Comparable properties in the immediate area average 96% occupancy, and constrained new supply combined with continued National Landing investment supports durable long-term rental demand.

FOR SALE DETAILS

PRICE

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# OF UNITS

26

CAP RATE

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% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beverly Hills Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,234 SF

ZONING

RA

APN/PARCEL ID

015.01-03-01

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Max GoldsteinGreysteel HoldingsMore Info
202-971-9595

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Max GoldsteinGreysteel HoldingsMore Info
202-971-9595

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.