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503 N Armistead St APT 201, Alexandria, VA, 22312

1beds
1baths
818sqft
$184,999
$226price/sqft
$1,344/moest. monthly cost
$53,760/yrincome needed

About This Home

**Ask about our aggressive buyer incentives** Bright and well-located 1-bedroom, 1-bath condo offering a functional layout and excellent access to everything Alexandria has to offer. The sunlit dining area features a wall of windows and a sliding glass door that opens to a private balcony—perfect for enjoying fresh air and views of the community pool. The spacious bedroom includes a walk-in closet, providing ample storage, while ceramic tile flooring adds durability and easy maintenance throughout the main living areas. This home comes with an assigned parking space, additional storage, and access to convenient on-site laundry facilities. Residents enjoy community amenities including an outdoor pool, tot lot, and ample guest parking. Commuting is a breeze with a bus stop just steps away and quick access to I-395, connecting you to the Pentagon, Washington, D.C., and beyond. Ideally situated near shopping, dining, and everyday conveniences in the Duke Street and Lincolnia area, with close proximity to popular destinations such as Old Town Alexandria, Pentagon City, and major retailers. Whether you’re looking for a place to call home or an investment opportunity, this property offers comfort, convenience, and strong value in a prime location.

Getting Around

46
WalkingCar-Dependent
50
TransitGood Transit
38
BikeSomewhat Bikeable

Schools

3/10
Francis C Hammond MiddleGrades 6-81.2 mi
4/10

Construction

Condition

  • Year built: 1967

Materials

  • Foundation: Slab
  • Construction materials: Brick Veneer

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Refrigerator,Cooktop,Microwave,Ice Maker,Water Heater,Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Dining Room

  • Features: Flooring - Carpet
  • Level: Main
  • Area: 120
  • Dimensions: 10 X 12

Features

  • Combination Dining/Living,Primary Bath(s),Open Floorplan,Dry Wall
  • Door features: Insulated,Sliding Glass
  • Window features: Double Pane Windows,Screens,Window Treatments
  • Finished area below ground: 0
  • Finished area above ground: 818

Heating & Cooling

  • Heating features: Forced Air,Hot Water,Summer/Winter Changeover,Central,Natural Gas
  • Cooling features: Ceiling Fan(s),Central Air,Electric

Interior Area

  • Total structure area: 818
  • Total interior livable area: 818 sqft

Kitchen

  • Features: Flooring - Tile/Brick
  • Level: Main
  • Area: 70
  • Dimensions: 5 X 14

Living Room

  • Features: Flooring - Carpet
  • Level: Main
  • Area: 228
  • Dimensions: 12 X 19

Primary Bedroom

  • Features: Flooring - Carpet
  • Level: Main
  • Area: 176
  • Dimensions: 11 X 16

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 50348880
  • Attached to another structure: Yes
  • Zoning: RA
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: Community
  • Exterior features: Sidewalks,Balcony

Parking

  • Parking features: Assigned,Permit Required,Free,Surface,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
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Lightning
Strong Wind
Winter Weather
Inland Flooding
Tsunami

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Winter Storm

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

MonthlyAnnual
Mortgage $935$11,220
Home Insurance *$32$384
Property Taxes $175$2,100
Electricity $202$2,433
Total$1,344$16,128
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,080/yr
40% on housing$40,320/yr
45% on housing$35,840/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

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.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$226This listing

vs Other Active Listings

Avg $/sqft

ZIP 22312$188
Alexandria City$347

vs Homes Sold Last Month

Median $/sqft

ZIP 22312$357
Alexandria City$475

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

DateEventPrice
2026-04-22Price change$184,999
2026-04-02Listed for sale$199,999
2021-03-24Listing removed--
2019-05-01Listing removed$1,500
2019-03-31Listed for rent$1,500
2005-06-28Sold$215,000
2003-04-01Sold$82,500
1994-05-09Sold$56,000

For Sale by Agent

AgentNathan Johnson
BrokerageKeller Williams Capital Properties

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