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$3,240,000
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Property Description
* Prime Location in Heart of Del Ray * Perfect for User/Investor * Private Parking on E. Howell Ave. Lots * Residential conversion opportunity * This unique property in the heart of Alexandria's vibrant and popular Del Ray neighborhood offers an opportunity for users, investors, and even residential buyers, as well as featuring a strong value-add component. And it's offered at a below-market rate of $267/SF-vs. sold comps averaging $379/SF. For users, operate your business on the third floor while you benefit from $225,000+ in gross annual income from two existing tenants, USPS and iData, each of which exercised options to extend leases through 12/31/28. USPS has one more 5-year option thereafter. For investors, lease up the third floor either as is for professional office, or medical, legal, government contractor, trade assn. or professional society, or target other uses allowed under CL zoning, such as spa or fitness studio. Among the value-add scenarios is to convert the third floor to residential, specifically four 1-BR apartments, that could command up to $2,350 per unit in rent, based on a recent nearby lease comp. Or, for a residential buyer, convert the 3rd floor to a luxury 3-BR unit. Looking ahead, once 2nd floor lease expires, this floor could also be converted to residential under the Mt. Vernon Overlay plan, for a total of 8 1-BR units (assuming 3rd floor was converted to 4 1-BRs). A big plus to a new owner are the parking spaces on the two RB residential lots on E. Howell Ave. Two recent sold comps had zero off-street parking. Property is also listed under Residential. See MLS# VAAX2030462.
Full Property Details
Full Property Details for 1908 Mt Vernon Ave
General
- Sold For: $3,240,000
- Taxes: $27,467 (2024)
- Status: Closed
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: VAAX2029718
- Added to Site: 769 day(s) ago
Business
- Business Type: Apartment Building, Hair Salon and Spa, Health Club,
Rooms
Bathrooms
- Restrooms: 6
Additional Information
- Security/Safety: Main Entrance Lock, Security System, Sprinkler System - Indoor, Fire Detection System
Parking
- Total Spaces: 11
- Parking Type: Parking Lot
Location
- County: ALEXANDRIA CITY
- Subdivision: DEL RAY
- Cross Streets: E. Howell Ave.
- Driving Directions: From Beltway/495, take exit 176B onto SR-241 North, Telegraph Rd toward Alexandria. In 0.6 mile, take a slight right turn onto SR-236 East toward Downtown Alexandria. In 0.5 mile, take a slight left turn onto Callahan Dr. In 0.4 mile turn right onto W Linden St. In 0.1 mile, turn left onto Commonwealth Ave. In 0.9 mile, turn right onto E Howell Ave. In 0.2 mile turn right. In 98 ft, turn left. In 62 ft, the destination is on your left.
- Location Details: Free Standing
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Steam
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Block, Brick
- Ceiling Height: 12' to 15', 8' to 10'
- # Loading Docks: 1
- Entry Floor Number: 1
- Elevator(s ): 1
- Stories/Levels: 3
- Building Size: 13096
- Year Built: 1946
- Year Built Source: Assessor
- Property Condition: Very Good
Unit Information
- # Tenants: Single
Lot Features
- Property View: City, Panoramic
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,152
- Lot Size Source: Assessor
- Frontage Feet: 50
- Zoning: CL
Financial Considerations
- Price Per Sq. Ft.: $266.88
- Assessment Year: 2024
- City/TownTax: $27,467
- City/TownTax Freq: Annually
- Tax w/Assessment: $2,420,000
- Tax Amount: $27,467
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 501
Listed by Capital Realty Advisors, Geoffrey G Lindsay
Sold by Tartan Properties, Inc., Michael B Porterfield
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Schools
Schools serving 1908 Mt Vernon Ave
School District:Alexandria City Public Schools
| Name | Grades | Distance |
|---|---|---|
Mount Vernon Community School 2601 Commonwealth Ave, Alexandria, VA 22305 | K-5 | 0.3 mi |
Alexandria City High School 3330 King Street, Alexandria, VA 22302 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1908 Mt Vernon Ave
Date
Details
Price
Change
Source
1/15/2026
Sold
$3,240,000
-7.3%
MLS
7/09/2025
Price Reduced
$3,495,000
-5.41%
MLS
4/21/2025
Price Reduced
$3,695,000
-7.51%
MLS
12/26/2024
Price Increased
$3,995,000
1.14%
MLS
7/23/2024
Price Reduced
$3,950,000
-11.73%
MLS
12/12/2023
Listed
$4,475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1908 Mt Vernon Avenue, Alexandria, VA 22301 (MLS# VAAX2029718) is a Apartment property that was sold at $3,240,000 on January 15, 2026. Want to learn more about 1908 Mt Vernon Avenue? Do you have questions about finding other Apartment real estate for sale in Alexandria? You can browse all Alexandria real estate or contact a Coldwell Banker agent to request more information.

