Residential Income Property with Updated
For Sale
$254,999
6141 LEESBURG PIKE Unit 101, Falls Church, VA 22041
First-level, two-bedroom condo with community pool, tennis courts, and playground access.
Property Size820 SF
Price / SF$310.97
Days on Market101
Property Features for 6141 LEESBURG PIKE Unit 101
General Information
Standard status
Active
Size
820 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,376
Amenities
swimming pool
tennis courts
playground
Building Details
Building Size
820 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 20
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 first-level condo has two bedrooms and one bathroom, with a custom kitchen, stainless steel appliances, ceramic tile flooring, updated finishes, and a renovated bathroom. The building dates to 1964. Utilities are included in the condo fee, and parking is available behind the building.
Community amenities include a swimming pool, tennis courts, and a playground. Metrobus service is one block away, with I-395, I-66, and Route 50 also nearby.
Community amenities include a swimming pool, tennis courts, and a playground. Metrobus service is one block away, with I-395, I-66, and Route 50 also nearby.
Key Highlights
- Two‑bedroom, one‑bath condo on the first level
- Custom kitchen with stainless steel appliances and ceramic tile flooring
- Utilities included in the condo fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,274
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,480
$245.5K
Cap Rate 7%
$175,343
$175.3K
Cap Rate 9%
$136,378
$136.4K
Market Conditions
NOI Build-Up for 820 SF
Gross rent
$23.6K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$22.3K $27.22/SF
− OpEx
−$10.0K −$12.25/SF
NOI
$12.3K $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%
$245,480
Cap Rate 7%
$175,343
Cap Rate 9%
$136,378
Alternative Uses
Best Use
Apartment 5plus
$175.3K
$153.4K – $204.6K
NOI $12,274 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.44M
$3.01M – $4.01M
NOI $240,606 @ 7.0% cap · market cap 94.36%
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
Highway access
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 - First-level, two-bedroom condo with community pool, tennis courts, and playground access.
Where is this residential income property located?
The property is located at 6141 LEESBURG PIKE Unit 101 Falls Church, VA.
What is the asking price?
The asking price for this property is $254,999.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condo on the first level; Custom kitchen with stainless steel appliances and ceramic tile flooring; Utilities included in the condo fee
