Updated Residential Income
For Sale
$335,000
6101 EDSALL ROAD Unit 408, Alexandria, VA 22304
The residence includes a tiled balcony, refreshed kitchen and baths, and modernized lighting, plumbing fixtures, and HVAC units.
Property Size1,408 SF
Days on Market8
Property Features for 6101 EDSALL ROAD Unit 408
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,075
Amenities
balcony
gas grilling permitted
Building Details
Building Size
1,408 SF
Year Built
1975
Listing Agency:
RE/MAX Realty Group
Listed By:
Patsy A Feinberg · License #0225035019
(703) 609-3791
Source:
Dcmetrorealtyteam
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 15 at 5:53AM
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 RE/MAX Realty Group
Investment Insights
Based on property information with market context.
Built in 1975, this residence has an entry foyer, large living and dining areas, an eat-in kitchen with white cabinetry, granite counters, stainless steel appliances, and a pantry. The primary suite offers two walk-in closets and an updated bathroom; a second bedroom or den sits near the updated hall bath. Laminate flooring runs throughout, and the living room and bedrooms open to a 40-foot tiled balcony. A full-size stacked washer and dryer and utility closet are also included, and gas grilling is permitted on the balcony.
The building is undertaking hallway redesign work, with elevator replacement planned afterward. The seller has prepaid Unit 408’s financial participation in these improvements, leaving no related financial obligation for the new owner.
The building is undertaking hallway redesign work, with elevator replacement planned afterward. The seller has prepaid Unit 408’s financial participation in these improvements, leaving no related financial obligation for the new owner.
Key Highlights
- 40‑foot tiled balcony; gas grilling is permitted
- Eat‑in kitchen with granite counters, stainless steel appliances, white cabinetry, and pantry
- Primary suite with two walk‑in closets and an updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,583
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,660
$431.7K
Cap Rate 7%
$308,329
$308.3K
Cap Rate 9%
$239,811
$239.8K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$41.4K $29.40/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$39.2K $27.87/SF
− OpEx
−$17.7K −$12.54/SF
NOI
$21.6K $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%
$431,660
Cap Rate 7%
$308,329
Cap Rate 9%
$239,811
Alternative Uses
Best Use
Apartment 5plus
$308.3K
$269.8K – $359.7K
NOI $21,583 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$782.0K
$684.3K – $912.4K
NOI $54,743 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a tiled balcony, refreshed kitchen and baths, and modernized lighting, plumbing fixtures, and HVAC units.
Where is this residential income property located?
The property is located at 6101 EDSALL ROAD Unit 408 Alexandria, VA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 40‑foot tiled balcony; gas grilling is permitted; Eat‑in kitchen with granite counters, stainless steel appliances, white cabinetry, and pantry; Primary suite with two walk‑in closets and an updated bathroom
