Residential Income
For Sale
$225,000
6133 LEESBURG PIKE Unit 109, Falls Church, VA 22041
This first-floor condo pairs a private patio with community amenities and a single-level layout.
Property Size728 SF
Price / SF$309.07
Days on Market48
Property Features for 6133 LEESBURG PIKE Unit 109
General Information
Standard status
Active
Size
728 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,396
Amenities
swimming pool
splash pool
party room
playground
picnic area
common laundry room
elevator
secured entry
Building Details
Building Size
728 SF
Year Built
1964
Listing Agency:
Samson Properties
Listed By:
Martina Moutawakkil · License #0225216756
(202) 812-9933
Source:
Jackrealtygroup
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 4:07PM
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 Samson Properties
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Investment Insights
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Set on the first floor, this one-bedroom condo has 728 finished square feet, one full bath, and a single-level layout. The unit features wood flooring in the main living area, an open living and dining space, stainless steel kitchen appliances, and a private patio. A brand-new HVAC system and fresh interior paint are also noted. Building features include secured entry, an elevator, on-site management, and a common laundry room on the condo’s level.
The Lafayette Park community includes a swimming pool, splash pool, party room, playground, picnic area, and shared outdoor spaces. The condo fee covers water, gas, and electricity. Parking includes two unassigned stickers and a visitor tag, with unassigned spaces available in front of the building.
The property is off Route 7 between Seven Corners and Bailey’s Crossroads. East Falls Church Metro, I-66, Route 50, Arlington, Alexandria, and Washington, D.C. are within reach; D.C. is less than seven miles away. Nearby destinations include Trader Joe’s, Target, restaurants, services, and Upton Hill Regional Park.
The Lafayette Park community includes a swimming pool, splash pool, party room, playground, picnic area, and shared outdoor spaces. The condo fee covers water, gas, and electricity. Parking includes two unassigned stickers and a visitor tag, with unassigned spaces available in front of the building.
The property is off Route 7 between Seven Corners and Bailey’s Crossroads. East Falls Church Metro, I-66, Route 50, Arlington, Alexandria, and Washington, D.C. are within reach; D.C. is less than seven miles away. Nearby destinations include Trader Joe’s, Target, restaurants, services, and Upton Hill Regional Park.
Key Highlights
- 728 finished square feet with one bedroom and one full bath
- First‑floor, single‑level condo with a private patio
- Brand‑new HVAC; wood flooring in the main living area and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,897
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,940
$217.9K
Cap Rate 7%
$155,671
$155.7K
Cap Rate 9%
$121,078
$121.1K
Market Conditions
NOI Build-Up for 728 SF
Gross rent
$21.0K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$19.8K $27.22/SF
− OpEx
−$8.9K −$12.25/SF
NOI
$10.9K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,940
Cap Rate 7%
$155,671
Cap Rate 9%
$121,078
Alternative Uses
Best Use
Apartment 5plus
$155.7K
$136.2K – $181.6K
NOI $10,897 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,612 @ 7.0% cap · market cap 94.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 22041, VA
28,039
Population
11,567
Households
2.4
Avg Household Size
36
Median Age
47%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
10,014
Density / Sq Mi
$91,075
Median Household Income
$46,350
Median Earnings
$1,913
Median Rent
$432,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - This first-floor condo pairs a private patio with community amenities and a single-level layout.
Where is this residential income property located?
The property is located at 6133 LEESBURG PIKE Unit 109 Falls Church, VA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 728 finished square feet with one bedroom and one full bath; First‑floor, single‑level condo with a private patio; Brand‑new HVAC; wood flooring in the main living area and stainless steel appliances
