Two-Bedroom Condo with
For Sale
$425,000
5947 FOUNDERS HILL DRIVE Unit 203, Alexandria, VA 22310
Split-bedroom layout provides two full en-suite bathrooms and an open living and dining area.
Property Size1,045 SF
Price / SF$406.70
Days on Market11
Property Features for 5947 FOUNDERS HILL DRIVE Unit 203
General Information
Standard status
Active
Size
1,045 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,740
Amenities
swimming pool
private balcony
covered porch
outdoor storage
stackable washer/dryer
Building Details
Building Size
1,045 SF
Year Built
1998
Tenancy
Single
Listing Agency:
Keller Williams Realty
Listed By:
David Cabo · License #0225212284
(703) 915-4277
Source:
Dcmetrorealtyteam
Added: Oct 5
Changed: Oct 11
Last Checked: Oct 13 at 3:51AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,045-square-foot condo, built in 1998, has two bedrooms and two full bathrooms arranged in a split-bedroom plan. The open living and dining area connects to a kitchen with custom cabinetry, granite counters, and stainless steel appliances. A covered balcony is accessible from both the living area and breakfast area. The unit also includes a stackable washer and dryer, closets in both bedrooms, and outdoor storage.
Founders Walk includes a community swimming pool. Van Dorn Metro Station and Kingstowne Shopping Center are described as minutes away, with access to I-95, I-395, and I-495 for travel toward Washington, DC and area airports.
Founders Walk includes a community swimming pool. Van Dorn Metro Station and Kingstowne Shopping Center are described as minutes away, with access to I-95, I-395, and I-495 for travel toward Washington, DC and area airports.
Key Highlights
- 1,045 finished square feet
- Two bedrooms and two full en‑suite bathrooms
- Kitchen with custom cabinetry, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,019
Cap Rate
3.77%
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 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$580.4K
$507.9K – $677.2K
NOI $40,630 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
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 - Split-bedroom layout provides two full en-suite bathrooms and an open living and dining area.
Where is this residential income property located?
The property is located at 5947 FOUNDERS HILL DRIVE Unit 203 Alexandria, VA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,045 finished square feet; Two bedrooms and two full en‑suite bathrooms; Kitchen with custom cabinetry, granite countertops, and stainless steel appliances
