Condominium Unit with
For Sale
$210,000
6133 LEESBURG PIKE Unit 201, Falls Church, VA 22041
Lobby-level access, community recreation amenities, and a balcony overlooking the pool and landscaped grounds.
Property Size727 SF
Price / SF$288.86
Days on Market68
Property Features for 6133 LEESBURG PIKE Unit 201
General Information
Standard status
Active
Size
727 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,282
Amenities
swimming pool
party room
kids splash pool
playground
picnic area
elevator
common laundry room
on site management
secured doors
Building Details
Building Size
727 SF
Year Built
1964
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Carolina Santa Cruz · License #0225089990
(703) 403-0191
Source:
Irvinrealtyllc
Added: Aug 22
Changed: Oct 27
Last Checked: Oct 27 at 4:30AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1964, this 727-square-foot condominium unit is positioned just steps from the building lobby, with no stairs required for access. A balcony faces the swimming pool and green areas, while large closets and a separate first-level storage bin provide additional storage. Recent improvements include new windows and a sliding balcony door.
Community features include a swimming pool, children’s splash pool, playground, picnic area, party room, and elevator. Common laundry is on the unit’s level, with additional laundry facilities on other floors. The building has secured entry and on-site management. Two parking stickers and a visitor tag are included; parking is unassigned. Utilities are included in the condo fee.
Community features include a swimming pool, children’s splash pool, playground, picnic area, party room, and elevator. Common laundry is on the unit’s level, with additional laundry facilities on other floors. The building has secured entry and on-site management. Two parking stickers and a visitor tag are included; parking is unassigned. Utilities are included in the condo fee.
Key Highlights
- 727‑square‑foot condominium unit built in 1964
- Lobby‑level location with no stairs required to reach the unit
- Balcony overlooks the pool and green areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,882
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,640
$217.6K
Cap Rate 7%
$155,457
$155.5K
Cap Rate 9%
$120,911
$120.9K
Market Conditions
NOI Build-Up for 727 SF
Gross rent
$20.9K $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%
$217,640
Cap Rate 7%
$155,457
Cap Rate 9%
$120,911
Alternative Uses
Best Use
Apartment 5plus
$155.5K
$136.0K – $181.4K
NOI $10,882 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,318 @ 7.0% cap · market cap 101.58%
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
487
Businesses Nearby
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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 - Lobby-level access, community recreation amenities, and a balcony overlooking the pool and landscaped grounds.
Where is this residential income property located?
The property is located at 6133 LEESBURG PIKE Unit 201 Falls Church, VA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 727‑square‑foot condominium unit built in 1964; Lobby‑level location with no stairs required to reach the unit; Balcony overlooks the pool and green areas
