Two-Level Residential
New
For Sale
$450,000
5940 FOUNDERS HILL DRIVE Unit 302, Alexandria, VA 22310
A two-level layout combines three bedrooms and three full bathrooms with a private balcony.
Property Size1,260 SF
Price / SF$357.14
Days on Market4
Property Features for 5940 FOUNDERS HILL DRIVE Unit 302
General Information
Standard status
Active
Size
1,260 SF
Total Parking Spaces
2
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,239
Amenities
private balcony
gas fireplace
outdoor swimming pool
clubhouse
playground
Building Details
Building Size
1,260 SF
Year Built
1997
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
Enrique De La Fuente Chavez · License #0225084129
(571) 314-8808
Source:
Dcmetrorealtyteam
Added: Oct 25
Changed: Oct 27
Last Checked: Oct 27 at 3:39AM
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 Spring Hill Real Estate, LLC.
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Investment Insights
Based on property information with market context.
This 1997 condominium in Founders Walk spans approximately 1,260 square feet across two levels, with three bedrooms and three full bathrooms. Vaulted ceilings and natural light shape the interior, while the living room’s gas fireplace connects to the dining area. The kitchen has granite counters, stainless steel appliances, white cabinetry, a subway tile backsplash, and a breakfast area. A private balcony, a primary suite with a walk-in closet and en-suite bath, and two assigned parking spaces round out the home.
Founders Walk offers residents an outdoor pool, clubhouse, and playground. The community is near Van Dorn Metro, Kingstowne shopping and dining, Old Town Alexandria, and I-495.
Founders Walk offers residents an outdoor pool, clubhouse, and playground. The community is near Van Dorn Metro, Kingstowne shopping and dining, Old Town Alexandria, and I-495.
Key Highlights
- Approximately 1,260 square feet arranged over two levels
- Three bedrooms and three full bathrooms
- Kitchen features granite counters, stainless steel appliances, white cabinetry, and subway tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,315
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,300
$386.3K
Cap Rate 7%
$275,929
$275.9K
Cap Rate 9%
$214,611
$214.6K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$37.0K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$35.1K $27.87/SF
− OpEx
−$15.8K −$12.54/SF
NOI
$19.3K $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%
$386,300
Cap Rate 7%
$275,929
Cap Rate 9%
$214,611
Alternative Uses
Best Use
Apartment 5plus
$275.9K
$241.4K – $321.9K
NOI $19,315 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$699.8K
$612.4K – $816.5K
NOI $48,989 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
279
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 - A two-level layout combines three bedrooms and three full bathrooms with a private balcony.
Where is this residential income property located?
The property is located at 5940 FOUNDERS HILL DRIVE Unit 302 Alexandria, VA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 1,260 square feet arranged over two levels; Three bedrooms and three full bathrooms; Kitchen features granite counters, stainless steel appliances, white cabinetry, and subway tile backsplash
