206 N Payne St, Alexandria, VA, 22314
About This Home
Welcome to 206 N Payne Street, a rare opportunity in the heart of Old Town Alexandria's highly desirable Parker Gray Historic District. Whether you're looking to renovate, expand, or build your dream home, the true value here is in the oversized lot and endless potential this property offers. As an end unit with a deep backyard, there's incredible space to create a substantial addition while still maintaining plenty of outdoor living space. The property also includes a separate storage building, providing valuable extra storage or workshop space. The existing home is full of charm and has been freshly updated with neutral paint and carpet, making it comfortable to enjoy while you plan your vision. The cozy kitchen opens to the living area, and the expansive backyard offers endless possibilities for entertaining, along with the dual decks overlooking your back yard which is a perfect space for gardening, or future expansion. Location is everything, and this one simply can't be beat. Enjoy the rich history, walkability, and small town feel that make Old Town Alexandria so special. You're just blocks from King Street's restaurants, boutiques, coffee shops, and nightlife, with easy access to the Braddock Road and King Street Metro stations. Commuters will appreciate the quick drive to Washington, DC, Amazon HQ2, National Landing, Reagan National Airport, the Pentagon, the GW Parkway, and I-495. Opportunities like this are becoming increasingly rare. Whether you're an investor, builder, or buyer looking to create your forever home, 206 N Payne Street offers exceptional potential in one of Northern Virginia's most sought after neighborhoods.
Getting Around
Walker's Paradise
Excellent Transit
Very BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Other
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Washer,Dryer,Refrigerator,Cooktop,Electric Water Heater
- Laundry features: Dryer In Unit,Upper Level,Washer In Unit
Basement
- Area: 0
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 702
Heating & Cooling
- Heating features: Other,Electric
- Cooling features: Ceiling Fan(s),Central Air,Electric
Interior Area
- Total structure area: 702
- Total interior livable area: 702 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 10303500
- Zoning: RB
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Deck
- Fencing: Full
Lot
- Lot size: 1,485 sqft
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,483 | $41,796 |
| Home Insurance * | $109 | $1,308 |
| Property Taxes | $651 | $7,812 |
| Electricity | $202 | $2,433 |
| Total | $4,445 | $53,340 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-03 | Price change | $689,000 |
| 2026-07-08 | Listed for sale | $709,999 |
| 2023-08-05 | Listing removed | -- |
| 2023-08-01 | Listed for rent | $2,300 |
| 2020-11-02 | Listing removed | $1,950 |
| 2020-09-25 | Listed for rent | $1,950 |
| 2006-08-02 | Sold | $375,000 |
| 2000-05-31 | Sold | $164,700 |
| 1997-11-04 | Sold | $129,000 |
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