600 UPLAND PLACE
About This Property
Upstairs, the primary suite offers a private retreat complete with its own balcony, ideal for enjoying morning coffee while taking in views toward the iconic Masonic National Memorial. Three additional bedrooms and a well-appointed hall bath complete the upper level. *The lower level offers remarkable versatility, featuring a one-of-a-kind 2,500-bottle custom limestone wine cellar, featured on Houzz, a den or optional bedroom (with adjustments), and a full bath - perfect for guests, a home office, or additional living space. *Outside, the property truly shines. Backing up onto the Masonic Temple grounds, the expansive backyard feels like a private oasis with mature landscaping, multiple stone patios, and a charming playhouse, creating a picturesque setting for outdoor entertaining or quiet relaxation. A two-car attached garage provides rare convenience in this sought-after neighborhood. *Over the past decade, the owners have invested extensively in the home's beauty and longevity, including a custom wine cellar installation, foundation sealing and insulation, a full-home stand-by generator, new windows, sunroom vinyl slide windows, extensive interior and exterior painting, patio and walkway restoration, significant landscaping, and structural improvements-ensuring the home is in exceptional condition. *What makes this location truly special is the lifestyle it offers. The home is sited on a quarter-acre lot, larger than comparable properties in the area, and because it backs onto the Masonic Temple grounds, you see the additional open space, views of the City, and walking areas for pets and people. It is just blocks to the King Street–Old Town Metro Station, which makes commuting to Washington, D.C., the Pentagon, or Ronald Reagan Washington National Airport remarkably convenient. In addition, the nearby Amtrak station gives you access to the entire East Coast via train. Finally, the charm and vibrancy of Old Town Alexandria are just moments away-perfect for weekend strolls, dining, shopping, and enjoying the waterfront. *A home of this character, scale, and location rarely becomes available. 600 Upland Street Place offers not just a beautiful residence, but a truly exceptional Alexandria lifestyle. *See the docs section for more detailed information on the wine cellar.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Taylor Run
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017