514 N Patrick St, Alexandria, VA 22314

Property Description

The Rare Old Town "Triple Advantage": Private Off-Street Parking, Expansive Deck, and Deep Garden Opportunities like this are exceptionally rare in the heart of historic Alexandria. Situated on a massive 1,671-square-foot lot, this light-filled townhome offers the ultimate Old Town triple advantage: your own private carport accessed via the alley, an expansive deck for entertaining, and a deep, fully fenced private garden. While a homeowner can easily update a kitchen over time, it is virtually impossible to add a private driveway or a backyard of this magnitude to a historic Old Town property. Inside, the home beautifully balances historic character with proven, turnkey functionality. Original hardwood floors, extensive moldings, and built-in bookshelves set a timeless tone in the classic living room. The kitchen, featuring stainless steel appliances, generous cabinetry, and gas cooking, is perfectly functional and move-in ready. It flows directly into a large, flexible rear sunroom—ideal for a home office, dining area, or additional living space—that overlooks the impressive outdoor retreat. Upstairs, the primary bedroom boasts dramatic vaulted ceilings, exposed-brick accents, and oversized windows. It is accompanied by a comfortable second bedroom and a full bath featuring both a soaking tub and a separate glass-enclosed shower. This property stands as a fantastic opportunity for both traditional buyers and investors. No gut renovation is necessary—this is a highly viable, turnkey asset that can be enjoyed OR rented immediately. The property has a proven track record as a strong income generator, previously leasing for $3,250 per month with current market potential closer to $3,500 per month. It offers a new owner the flexibility to move in (or place a tenant) right away, and make cosmetic updates at their own pace. Enjoy NO HOA fees and an unbeatable, truly walkable lifestyle just steps from the Braddock Road Metro, King Street, waterfront parks, and world-class dining. Space, convenience, and historic charm rarely align perfectly—tour it before it's gone!