202 Lynhaven Dr, Alexandria, VA 22305

Lynhaven / Del Ray | 2BR/1.5BA + Full Basement | Strong 2BR/2BA Conversion Opportunity

ASK: $535,000
BUY NOW: $550,000
ARV: $760,000
Closing: End of December 2026 or Sooner
$10,000 EMD | First Class Title

INVESTOR SHOWING

Wednesday, November 4th

1:00 PM – 3:00 PM

Property is currently owner occupied. Please coordinate attendance in advance.

DEAL SNAPSHOT

• Current Layout: 2BR / 1.5BA
• Strong 2BR / 2BA Conversion Opportunity
• 864 SF Above Grade
• Full 432 SF Basement
• Seller reports approx. 250 SF currently finished below grade
• Approx. 1,296 SF total structure including basement
• Existing lower-level half bath
• Existing basement plumbing
• Brick rowhome
• Year Built: 1937
• Hardwood flooring
• Front covered porch
• Enclosed rear porch
• Fenced rear yard
• Neighboring Lynhaven homes have rear parking pads / vehicle access
• Potential rear parking opportunity should be independently verified
• Brand-New 2026 HVAC
• Water heater reported under 5 years old
• Replacement windows
• Central A/C
• Public water & sewer
• No HOA reported
• Taxable Assessment: $611,460
• Highly desirable Lynhaven / Del Ray-adjacent location

WHY THIS DEAL STANDS OUT

202 Lynhaven Dr offers a strong value-add opportunity in one of Alexandria’s most competitive close-in rowhome markets.

The primary upside is converting the existing lower-level half bath into a second full bathroom.

With the plumbing and bathroom location already established, the basement provides a strong path from the current:

2BR / 1.5BA

to a renovated:

2BR / 2BA

That configuration lines up directly with several of the strongest nearby renovated sales.

Additional highlights include:

• $535K ask
• $760K ARV
• Full basement
• Existing lower-level half bath
• Brand-new HVAC
• Replacement windows
• Hardwood floors
• Classic brick construction
• Front porch
• Enclosed rear porch
• Fenced rear yard
• Potential rear parking opportunity
• No HOA reported
• Multiple renovated 2BR/2BA comps from $735K to $800K
• Del Ray / Potomac Yard location

2BR / 2BA CONVERSION OPPORTUNITY

This is the key value-add component of the deal.

The basement already contains an existing half bathroom with:

• Toilet
• Sink
• Existing plumbing location

Expanding this area to include a shower would create a second full bathroom and reposition the property as:

2 Bedrooms / 2 Full Bathrooms

That configuration aligns much more closely with the strongest renovated Lynhaven, Evans Ln and Wesmond sales.

Rather than forcing another bedroom into the footprint, the stronger resale strategy is maximizing the existing two-bedroom layout with a second full bath and polished lower-level living space.

FULL BASEMENT

The property includes approximately:

432 SF of Total Basement Area

Seller reports approximately 250 SF is currently finished.

Existing lower-level utility includes:

• Recreation / flex space
• Half bathroom
• Laundry
• Storage
• Mechanical space

The basement provides a strong opportunity for a polished secondary living area plus the second full bathroom.

FENCED REAR YARD + PARKING POTENTIAL

The property includes a private fenced rear yard.

Neighboring Lynhaven homes appear to have rear parking pads and vehicle access behind the row.

That creates a potential additional value-add angle for the subject, subject to verification of:

• Rear access rights
• Grade / slope
• Lot configuration
• Fence location
• Existing easements
• City requirements
• Physical feasibility of a parking pad

No existing parking pad is being represented at the subject property.

LOCATION

202 Lynhaven Dr sits near:

• Del Ray
• Potomac Yard
• Potomac Yard Metro
• National Landing
• Old Town Alexandria
• Reagan National Airport
• Washington, DC

The surrounding market continues to command strong pricing for renovated rowhomes despite their relatively compact footprints.

ARV & COMP SUPPORT

ARV: $760,000

The ARV assumes a strong renovation with the lower-level half bath converted into a second full bathroom.

141 Lynhaven Dr — $750,000

• 2 Beds / 2 Baths
• Approx. 962 SF above grade
• Approx. 1,178 SF finished
• Renovated
• Finished basement
• Same Lynhaven neighborhood

207 Evans Ln — $775,000

• 2 Beds / 2 Baths
• 864 SF Above Grade
• Approx. 1,248 SF finished
• Updated interior
• Finished basement

235 Evans Ln — $749,000

• 2 Beds / 2 Baths
• 864 SF Above Grade
• Approx. 1,252 SF finished
• Renovated
• Finished basement

234 Wesmond Dr — $735,000

• 2 Beds / 2 Baths
• 864 SF Above Grade
• Approx. 1,264 SF finished
• Updated kitchen
• Finished lower level

236 Wesmond Dr — $800,000

Upper-End Ceiling

• 2 Beds / 2 Baths
• 864 SF Above Grade
• Approx. 1,296 SF finished
• Updated throughout
• Finished basement
• Additional property advantages

ARV POSITIONING

ARV: $760,000

The finished-value case is driven by:

Lynhaven / Del Ray location • 864 SF above grade • full basement • strong 2BR/2BA conversion opportunity • brand-new HVAC • replacement windows • hardwood flooring • brick construction • fenced rear yard • possible rear parking upside • $750K same-street comp • same-size 2BR/2BA sales from $735K to $800K

TERMS

ASK: $535,000
BUY NOW: $550,000
ARV: $760,000
$10,000 EMD
Closing: End of December 2026 or Sooner
First Class Title

• Property conveyed as-is
• Cash / hard-money buyers preferred
• Buyer to complete independent due diligence
• Buyer to verify second full-bath conversion feasibility
• Buyer to independently verify finished square footage
• Buyer to verify rear parking feasibility and access rights
• Buyer to verify roof and major system condition
• Buyer to verify vacant delivery at settlement