Residential Income Property with
New
For Sale
$429,000
5909 FOUNDERS HILL DRIVE Unit 101, Alexandria, VA 22310
The home has stair-free entry and a private balcony off the open living area.
Property Size1,045 SF
Days on Market4
Property Features for 5909 FOUNDERS HILL DRIVE Unit 101
General Information
Standard status
Active
Size
1,045 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,740
Amenities
outdoor swimming pool
clubhouse
playground
Building Details
Building Size
1,045 SF
Year Built
1996
Year Renovated
2025
Listing Agency:
Hyundai Realty
Listed By:
Hee Soo Chung · License #0225052078
(703) 477-3114
Source:
Dcmetrorealtyteam
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:44PM
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 Hyundai Realty
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom residence has direct, stair-free entry. The open living area features luxury vinyl plank flooring, recessed lighting, a gas fireplace and access to a private balcony. The kitchen was updated in 2025 with stainless steel appliances, gas cooking and wood cabinetry. Both bedrooms received new carpeting in 2025; the primary suite includes an updated bathroom with a double vanity and walk-in shower. HVAC dates to 2020, and the water heater was installed in 2022.
Community amenities include an outdoor swimming pool, clubhouse and playground. The property is minutes from Van Dorn Metro, Kingstowne, I-395 Express Lanes, I-495, shopping, dining and parks.
Community amenities include an outdoor swimming pool, clubhouse and playground. The property is minutes from Van Dorn Metro, Kingstowne, I-395 Express Lanes, I-495, shopping, dining and parks.
Key Highlights
- Two bedrooms and two full bathrooms
- Stair‑free entry directly into the residence
- Kitchen updated in 2025; includes stainless steel appliances and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,019
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,380
$320.4K
Cap Rate 7%
$228,843
$228.8K
Cap Rate 9%
$177,989
$178.0K
Market Conditions
NOI Build-Up for 1,045 SF
Gross rent
$30.7K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.1K $27.87/SF
− OpEx
−$13.1K −$12.54/SF
NOI
$16.0K $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 Rate 5%
$320,380
Cap Rate 7%
$228,843
Cap Rate 9%
$177,989
Alternative Uses
Best Use
Apartment 5plus
$228.8K
$200.2K – $267.0K
NOI $16,019 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$580.4K
$507.9K – $677.2K
NOI $40,630 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 22310, VA
29,611
Population
11,116
Households
2.7
Avg Household Size
39
Median Age
64%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,420
Density / Sq Mi
$160,872
Median Household Income
$83,668
Median Earnings
$2,396
Median Rent
$627,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home has stair-free entry and a private balcony off the open living area.
Where is this residential income property located?
The property is located at 5909 FOUNDERS HILL DRIVE Unit 101 Alexandria, VA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Stair‑free entry directly into the residence; Kitchen updated in 2025; includes stainless steel appliances and gas cooking
