One-Bedroom Condo with
For Sale
$195,000
6137 LEESBURG PIKE Unit 506, Falls Church, VA 22041
Water, gas, and electricity are covered by the condo fee, with laundry facilities on the same floor.
Property Size557 SF
Price / SF$350.09
Days on Market70
Property Features for 6137 LEESBURG PIKE Unit 506
General Information
Standard status
Active
Size
557 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,967
Amenities
swimming pool
tennis courts
basketball court
tot lot/playground
picnic area
party/community room
laundry facilities
trash chutes
private balcony
on-site management
secured entry
assigned storage space
Building Details
Building Size
557 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 21
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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 Jack Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 557-square-foot, one-bedroom, one-bathroom condominium offers an open layout, LVP flooring, closet storage, and a private balcony. The building, completed in 1964, has elevator service, secured fob entry, on-site management, and assigned storage. Laundry facilities and trash chutes are located on the same floor as the unit.
Community amenities include a swimming pool, tennis and basketball courts, a playground, picnic area, and community room. The unit comes with two unassigned resident parking tags and one visitor pass. Water, gas, and electricity are included in the condo fee; cable, internet, and phone are excluded.
The property is in Falls Church, near bus service, shopping, dining, grocery stores, parks, and major commuter routes. Seven Corners, Bailey’s Crossroads, Eden Center, East Falls Church Metro, and Skyline are among the nearby destinations, with routes to Washington, DC, Alexandria, and Tysons.
Community amenities include a swimming pool, tennis and basketball courts, a playground, picnic area, and community room. The unit comes with two unassigned resident parking tags and one visitor pass. Water, gas, and electricity are included in the condo fee; cable, internet, and phone are excluded.
The property is in Falls Church, near bus service, shopping, dining, grocery stores, parks, and major commuter routes. Seven Corners, Bailey’s Crossroads, Eden Center, East Falls Church Metro, and Skyline are among the nearby destinations, with routes to Washington, DC, Alexandria, and Tysons.
Key Highlights
- 557‑square‑foot condominium with one bedroom and one bathroom
- Private balcony and open floor plan with LVP flooring
- Condo fee includes water, gas, and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,338
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,760
$166.8K
Cap Rate 7%
$119,114
$119.1K
Cap Rate 9%
$92,644
$92.6K
Market Conditions
NOI Build-Up for 557 SF
Gross rent
$16.0K $28.80/SF
− Vacancy
−$882 −$1.58/SF
EGI
$15.2K $27.22/SF
− OpEx
−$6.8K −$12.25/SF
NOI
$8.3K $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%
$166,760
Cap Rate 7%
$119,114
Cap Rate 9%
$92,644
Alternative Uses
Best Use
Apartment 5plus
$119.1K
$104.2K – $139.0K
NOI $8,338 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $163,436 @ 7.0% cap · market cap 83.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Water, gas, and electricity are covered by the condo fee, with laundry facilities on the same floor.
Where is this residential income property located?
The property is located at 6137 LEESBURG PIKE Unit 506 Falls Church, VA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 557‑square‑foot condominium with one bedroom and one bathroom; Private balcony and open floor plan with LVP flooring; Condo fee includes water, gas, and electricity
