Renovated Residential Income
For Sale
$550,000
Pending
5639 HARRINGTON FALLS LANE Unit G, Alexandria, VA 22312
Updated residence with modern finishes, an EV charger, community amenities, and access to regional transportation routes.
Property Size1,642 SF
Days on Market35
Property Features for 5639 HARRINGTON FALLS LANE Unit G
General Information
Standard status
Pending
Size
1,642 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,209
Amenities
community pool
shuttle service to Van Dorn Metro
Tesla home charger
Building Details
Building Size
1,642 SF
Year Built
2006
Listing Agency:
Redfin Corporation
(703) 410-7429
Listed By:
Roy Kohn · License #0225081999
(703) 410-7429
Source:
Dcmetrorealtyteam
Added: Jul 22
Changed: Aug 16
Last Checked: Aug 15 at 12:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redfin Corporation
Investment Insights
Based on property information with market context.
This residential income property is a renovated residence in a community built in 2006. Recent improvements include a primary bathroom with dual showers and marble flooring, refreshed kitchen countertops, new appliances, updated faucets, fresh paint, new carpet, and contemporary finishes throughout. Generous closet space adds practical storage, while a Tesla home charger supports convenient electric-vehicle charging.
Residents have access to a community pool and shuttle service to the Van Dorn Metro. The property also connects directly to I-395, I-495, I-95, and HOV lanes through the Edsall Road exit. Washington, DC is approximately 10 miles away, with shopping, dining, and daily conveniences nearby.
Residents have access to a community pool and shuttle service to the Van Dorn Metro. The property also connects directly to I-395, I-495, I-95, and HOV lanes through the Edsall Road exit. Washington, DC is approximately 10 miles away, with shopping, dining, and daily conveniences nearby.
Key Highlights
- Renovated residence with new appliances, countertops, carpet, paint, faucets, and modern finishes
- Primary bathroom updated with dual showers and marble floors
- Tesla home charger included for at‑home EV charging
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,170
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$503,400
$503.4K
Cap Rate 7%
$359,571
$359.6K
Cap Rate 9%
$279,667
$279.7K
Market Conditions
NOI Build-Up for 1,642 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.3K $29.40/SF
− Vacancy
−$2.5K −$1.53/SF
EGI
$45.8K $27.87/SF
− OpEx
−$20.6K −$12.54/SF
NOI
$25.2K $15.33/SF
Area
Alexandria, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$503,400
Cap Rate 7%
$359,571
Cap Rate 9%
$279,667
Alternative Uses
Best Use
Apartment 5plus
$359.6K
$314.6K – $419.5K
NOI $25,170 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$912.0K
$798.0K – $1.06M
NOI $63,841 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 22312, VA
30,447
Population
11,191
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
5,970
Density / Sq Mi
$105,044
Median Household Income
$53,471
Median Earnings
$2,009
Median Rent
$593,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated residence with modern finishes, an EV charger, community amenities, and access to regional transportation routes.
Where is this residential income property located?
The property is located at 5639 HARRINGTON FALLS LANE Unit G Alexandria, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Renovated residence with new appliances, countertops, carpet, paint, faucets, and modern finishes; Primary bathroom updated with dual showers and marble floors; Tesla home charger included for at‑home EV charging
