Browse homes for sale in Old Town priced under $1m in Alexandria, Virginia. Listings below are updated from the MLS as new properties become available.

Alexandria VA Old Town Homes Under $1M

$887,000
2 Beds 2 Baths
Just Listed! 4.38% VA assumable loan available for our veterans! Old Town charm meets effortless everyday living at 1016 Pendleton Street. Tucked into the coveted northwest quadrant of Old Town, this charming two-bedroom, 1.5-bath home offers the rare combination of character, privacy, outdoor space, two off-street parking spaces, and a freshly painted interior. Inside, the open main level creates an easy flow between the living and dining areas, with beautiful hardwood floors and abundant natural light. The kitchen is thoughtfully appointed with quartz countertops and opens naturally to the living spaces, while a convenient powder room completes the main level. Upstairs, two generously sized bedrooms feature warm bamboo flooring and share a spacious full bath with laundry, making everyday living wonderfully convenient. But the real surprise is outside. The large, fully fenced backyard feels like your own private oasis, with a deck, patio, mature landscaping and plenty of green space for relaxing, entertaining or simply enjoying a quiet morning outdoors. Brick pavers lead to two off-street parking spaces - a true luxury in Old Town. And for VA buyers, there’s an added opportunity: an assumable VA loan, offering the ability to assume the seller’s existing financing and below-market interest rate, subject to lender and VA approval. And the location? It doesn’t get much better. Step outside and you’re less than a block from neighborhood restaurants, coffee, Capital Bikeshare and a park with bocce and ping pong. Braddock Road Metro is just four blocks away while the shopping and restaurants of King Street are just four blocks south, putting the best of Old Town and the greater DC area within easy reach. Charming, private, freshly painted, incredibly convenient - and with parking, a spacious yard and an assumable VA loan. This is Old Town living at its best.

1016 Pendleton St, Alexandria

Listing courtesy of Compass. Contact: (703) 229-8935

$769,000
3 Beds 2 Baths
Welcome to 204 N Payne Street, a rare opportunity to own a detached home in the heart of Historic Old Town Alexandria. Offered strictly as-is, this property is the perfect canvas for buyers with vision. Whether you're looking to renovate, restore, expand, or create your dream home from the ground up, opportunities like this don't come along often. Situated on approximately 0.07 acres, this detached home offers something that is increasingly difficult to find in Old Town, your own standalone residence with land. The existing home is ready for its next chapter, allowing the new owner to bring their own style and creativity while building equity in one of Northern Virginia's most desirable neighborhoods. The true value lies not only in the home itself but in its exceptional location. Imagine creating a home tailored to your lifestyle while living just blocks from the charm, history, and energy that make Old Town Alexandria one of the most sought-after communities in the Washington metropolitan area. Enjoy strolling the cobblestone streets lined with award-winning restaurants, local cafés, boutique shopping, waterfront parks, art galleries, and year-round festivals. Spend weekends exploring King Street, the Torpedo Factory Art Center, Oronoco Bay Park, Founders Park, and the scenic Potomac River waterfront, all just minutes away. Commuters will appreciate the convenient access to the Braddock Road and King Street Metro Stations, Route 1, the George Washington Parkway, I-495, and Reagan National Airport, making travel throughout Northern Virginia and Washington, D.C. incredibly convenient. Military and government professionals will love the quick commute to the Pentagon, Joint Base Myer-Henderson Hall, Fort Belvoir, Joint Base Anacostia-Bolling, Coast Guard Headquarters, and numerous federal agencies throughout the region. Whether you're an investor, builder, or buyer looking to create something truly special, this is a unique opportunity to own a detached home in Historic Old Town at a price point that is becoming increasingly rare. Bring your vision, your contractor, and your imagination, and make the magic happen at 204 N Payne Street.

204 N Payne St N, Alexandria

Listing courtesy of Real Property Management Pros. Contact: (703) 424-7767

$800,000
2 Beds 2 Baths
Historic authenticity meets sophisticated modern design at Residence 105 at The Mill, an exceptional 2-bedroom, 2-bath home with a private terrace in the heart of Old Town Alexandria. Once part of the historic Mount Vernon cotton factory, this landmark property was thoughtfully transformed in 2021 into an intimate collection of just 25 distinctive loft-style residences. This is authentic loft living. Original exposed brick, dramatic timber beams, soaring ceilings, and oversized windows create a character and sense of place that simply cannot be replicated in conventional condominium construction. The open living and dining areas flow naturally into a thoughtfully renovated kitchen featuring contemporary cabinetry, stainless-steel appliances, and clean modern finishes. A rare private terrace extends the living experience outdoors, creating an inviting setting for morning coffee, evening cocktails, entertaining, or simply enjoying a quiet moment in Old Town. The primary suite is a warm retreat framed by the home's historic architecture, while the second bedroom offers flexibility for guests, a home office, or additional living space. Two full baths, in-unit laundry, and a recently replaced HVAC system add everyday comfort and convenience while complementing the home's carefully preserved character. The Mill offers the appeal of boutique living with secured assigned parking and a pet-friendly environment. Just outside, a beautifully landscaped park features seating areas, a BBQ station, and a fire pit, creating a natural extension of the community's outdoor lifestyle. These attributes reinforce exactly what distinguishes the property from larger, more conventional alternatives.  Trader Joe's, Harris Teeter, the waterfront, and the shops and restaurants of King Street are all moments away, offering the walkable Old Town lifestyle buyers seek while providing a home that feels decidedly different from the expected. For the buyer who values architectural character over excess, boutique scale over a large condominium community, and a home with a genuine story, Residence 105 offers something increasingly difficult to find. A rare opportunity to own a piece of Alexandria history, thoughtfully reimagined for contemporary living. Potentially assumable VA loan at an attractive 3.75% interest rate, subject to buyer eligibility and applicable lender and VA requirements. Contact listing agent for additional details.

515 N Washington St Unit #105, Alexandria

Listing courtesy of Compass. Contact: (703) 266-7277

$865,000
1 Beds 2 Baths
Welcome to Residence 402 at Muse, one of Alexandria’s most exclusive waterfront addresses. With just 73 residences, Muse offers a rare boutique luxury experience—far removed from the larger condo communities—designed for those seeking a more private, sophisticated lifestyle. This exceptional residence combines refined design and high-end finishes rarely found in Alexandria condominiums, including custom Snaidero cabinetry, Bosch and Thermador appliances, and thoughtfully curated interiors. Expansive windows capture beautiful views toward the Potomac River from both the living room and primary bedroom, creating a serene waterfront backdrop. The flexible den offers the perfect space for a home office, guest suite, or additional living area, adapting effortlessly to your lifestyle. Beyond the residence, Muse elevates everyday living with an extraordinary rooftop terrace featuring breathtaking panoramic views of the Potomac River, Washington, DC, and Old Town Alexandria. Whether hosting friends for dinner, grilling outdoors, enjoying a glass of wine at sunset, or simply relaxing while taking in the scenery, the rooftop provides a truly exceptional extension of your living space. Enjoy luxury without the maintenance of a single-family home, with concierge service, secure access, garage parking, and the convenience of a true lock-and-leave residence. Ideally located in Old Town North, just moments from the waterfront, acclaimed restaurants, Washington, DC, and Reagan National Airport, Muse offers an unmatched blend of exclusivity, convenience, and walkable urban living.

1201 N Royal St Unit #402, Alexandria

Listing courtesy of KW Metro Center. Contact: 7032246000

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