Residential Income Property with
For Sale
$400,000
6043 ESSEX HOUSE SQUARE Unit B, Alexandria, VA 22310
A skylit upper-level flex area complements the two-bedroom, one-and-a-quarter-bath layout.
Property Size1,183 SF
Price / SF$338.12
Days on Market11
Property Features for 6043 ESSEX HOUSE SQUARE Unit B
General Information
Standard status
Active
Size
1,183 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.25BA + loft
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,473
Amenities
pool
tennis courts
basketball courts
volleyball courts
jog/walk path
playground
exercise room
washer/dryer
wood-burning fireplace
private balcony
skylight
Building Details
Building Size
1,183 SF
Year Built
1985
Listing Agency:
Serhant
Listed By:
Mattie McKinney · License #0225271603
(504) 920-3626
Source:
Dcmetrorealtyteam
Added: Sep 26
Changed: Oct 3
Last Checked: Oct 5 at 9:20PM
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 Serhant
Investment Insights
Based on property information with market context.
This 1,183-square-foot end-unit condo has two bedrooms, 1.25 bathrooms, and an upper-level loft measuring 13' x 8'. The loft has a skylight and access to attic storage. A wood-burning fireplace anchors the living room, and a private balcony is accessible from the living area and both bedrooms. The bathroom was updated in 2020, and new flooring was installed in the kitchen, bathroom, and foyer in 2024. The unit also includes a washer and dryer, original kitchen appliances, and an assigned parking space.
Built in 1985, the home has a Carrier HVAC system installed in April 2018 and a Rheem water heater. The condo fee covers water and sewer, along with access to community facilities that include two pools, tennis, basketball and volleyball courts, a walking and jogging path, a playground, and an exercise room. Community decks are scheduled for phased replacement or renovation.
Built in 1985, the home has a Carrier HVAC system installed in April 2018 and a Rheem water heater. The condo fee covers water and sewer, along with access to community facilities that include two pools, tennis, basketball and volleyball courts, a walking and jogging path, a playground, and an exercise room. Community decks are scheduled for phased replacement or renovation.
Key Highlights
- Two‑bedroom end unit with 1,183 square feet and 1.25 bathrooms
- 13' x 8' loft with skylight and attic‑storage access
- Bathroom renovated in 2020; flooring updated in kitchen, bathroom, and foyer in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,134
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,680
$362.7K
Cap Rate 7%
$259,057
$259.1K
Cap Rate 9%
$201,489
$201.5K
Market Conditions
NOI Build-Up for 1,183 SF
Gross rent
$34.8K $29.40/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$33.0K $27.87/SF
− OpEx
−$14.8K −$12.54/SF
NOI
$18.1K $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%
$362,680
Cap Rate 7%
$259,057
Cap Rate 9%
$201,489
Alternative Uses
Best Use
Apartment 5plus
$259.1K
$226.7K – $302.2K
NOI $18,134 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$657.1K
$574.9K – $766.6K
NOI $45,995 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
847
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 skylit upper-level flex area complements the two-bedroom, one-and-a-quarter-bath layout.
Where is this residential income property located?
The property is located at 6043 ESSEX HOUSE SQUARE Unit B Alexandria, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑bedroom end unit with 1,183 square feet and 1.25 bathrooms; 13' x 8' loft with skylight and attic‑storage access; Bathroom renovated in 2020; flooring updated in kitchen, bathroom, and foyer in 2024
