602 MALCOLM PL
About This Property
Set on a generous 7,085 sq. ft. lot, the property boasts solid construction and a flexible layout designed for both comfort and functionality. The main level offers multiple living areas, including a spacious family room, a built-on additional living space, and a sunroom filled with natural light. The inviting eat-in kitchen is highlighted by a cozy fireplace, creating a warm and welcoming atmosphere. Thoughtfully designed, the main level also includes a small bedroom and full bath near the front entrance-ideal for a senior family member, guest space, or home office. Upstairs, two additional bedrooms and a full bath complete the private living quarters.
The finished basement provides even more flexibility, featuring a full bath, washer, dryer, and additional space that can be used as a recreation room, home office, or guest suite. Storage is abundant throughout the home, with an enclosed carport, a separate storage shed, ample attic space, and a crawl space for extra convenience.
Beyond the home itself, the location is unbeatable. Just a mile from Del Ray's vibrant restaurants and shops and within walking distance of parks and playgrounds, the property is also minutes from the Alexandria waterfront and historic Old Town. Commuters will love the easy access to National Harbor-just three miles away across the bridge-as well as quick connections to major roadways and public transportation.
Whether you're looking to move in and make updates over time or embark on a full renovation, this is a rare opportunity to create something truly special in one of Alexandria's most desirable neighborhoods!
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What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Feb 25, 2025 | In contract | - | |
| In contract | |||
| Feb 13, 2025 | Listed by William G. Buck & Assoc., Inc. | $1,053,062 | |
| Listed by William G. Buck & Assoc., Inc. | |||
Property Highlights
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About North Ridge - Rosemont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017