Two-Level Residential Income
For Sale
$469,950
5920 FOUNDERS CROSSING COURT Unit 301, Alexandria, VA 22310
Three-bedroom condominium with renovated primary bath and vaulted living area.
Property Size1,305 SF
Days on Market33
Property Features for 5920 FOUNDERS CROSSING COURT Unit 301
General Information
Standard status
Active
Size
1,305 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,432
Amenities
fireplace
community center
swimming pool
playground
Building Details
Building Size
1,305 SF
Year Built
1996
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Cynthia Schneider · License #0225136582
(703) 822-0207
Source:
Dcmetrorealtyteam
Added: Sep 4
Changed: Oct 3
Last Checked: Oct 5 at 8:49PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 1996 residential income property is a three-bedroom, two-level condominium in the Founders Walk community at 5920 Founders Crossing Court, Unit 301, Alexandria, Virginia. The interior includes an open living and dining arrangement, abundant windows, a vaulted ceiling, and a fireplace. The kitchen is fitted with marble countertops, stainless-steel appliances, and 42-inch cabinetry, while the primary bathroom has been renovated. The unit has also been freshly painted throughout.
Community amenities include a center, swimming pool, and playground. The property is positioned near major commuter routes, Metro, Fort Belvoir, and Kingstowne Town Center.
Community amenities include a center, swimming pool, and playground. The property is positioned near major commuter routes, Metro, Fort Belvoir, and Kingstowne Town Center.
Key Highlights
- Three‑bedroom, two‑level condominium at 5920 Founders Crossing Court, Unit 301
- Built in 1996 and freshly painted throughout
- Renovated primary bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,005
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,100
$400.1K
Cap Rate 7%
$285,786
$285.8K
Cap Rate 9%
$222,278
$222.3K
Market Conditions
NOI Build-Up for 1,305 SF
Gross rent
$38.4K $29.40/SF
− Vacancy
−$2.0K −$1.53/SF
EGI
$36.4K $27.87/SF
− OpEx
−$16.4K −$12.54/SF
NOI
$20.0K $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%
$400,100
Cap Rate 7%
$285,786
Cap Rate 9%
$222,278
Alternative Uses
Best Use
Apartment 5plus
$285.8K
$250.1K – $333.4K
NOI $20,005 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$724.8K
$634.2K – $845.6K
NOI $50,738 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
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 - Three-bedroom condominium with renovated primary bath and vaulted living area.
Where is this residential income property located?
The property is located at 5920 FOUNDERS CROSSING COURT Unit 301 Alexandria, VA.
What is the asking price?
The asking price for this property is $469,950.
What are key features of this property?
This property features: Three‑bedroom, two‑level condominium at 5920 Founders Crossing Court, Unit 301; Built in 1996 and freshly painted throughout; Renovated primary bathroom
