Two-Bedroom Residential Income
For Sale
$258,000
6143 LEESBURG Unit 301, Falls Church, VA 22041
The condominium includes shared recreation areas, laundry facilities, and parking for residents.
Property Size840 SF
Price / SF$307.14
Days on Market35
Property Features for 6143 LEESBURG Unit 301
General Information
Standard status
Active
Size
840 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,831
Amenities
outdoor pool
tennis courts
basketball courts
picnic area
tot lots
shared laundry facilities
Building Details
Building Size
840 SF
Year Built
1964
Construction
traditional
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 24
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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 two-bedroom, one-bathroom condominium unit has an 840-square-foot layout and carpeted floors. The building was constructed in 1964. Shared community amenities include an outdoor pool, tennis and basketball courts, picnic space, and play areas. Laundry facilities are shared, and parking is available to residents.
A bus stop is less than a mile away, a metro station is within three miles, and the airport is less than ten miles from the property. The association fee covers air conditioning, electricity, gas, and water.
A bus stop is less than a mile away, a metro station is within three miles, and the airport is less than ten miles from the property. The association fee covers air conditioning, electricity, gas, and water.
Key Highlights
- 840‑square‑foot, two‑bedroom, one‑bathroom condominium unit
- Building constructed in 1964
- Association fee covers air conditioning, electricity, gas, and water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,574
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,480
$251.5K
Cap Rate 7%
$179,629
$179.6K
Cap Rate 9%
$139,711
$139.7K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$24.2K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$22.9K $27.22/SF
− OpEx
−$10.3K −$12.25/SF
NOI
$12.6K $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%
$251,480
Cap Rate 7%
$179,629
Cap Rate 9%
$139,711
Alternative Uses
Best Use
Apartment 5plus
$179.6K
$157.2K – $209.6K
NOI $12,574 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.52M
$3.08M – $4.11M
NOI $246,475 @ 7.0% cap · market cap 95.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
605
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
Frequently Asked Questions
What type of property is this?
Residential income property - The condominium includes shared recreation areas, laundry facilities, and parking for residents.
Where is this residential income property located?
The property is located at 6143 LEESBURG Unit 301 Falls Church, VA.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: 840‑square‑foot, two‑bedroom, one‑bathroom condominium unit; Building constructed in 1964; Association fee covers air conditioning, electricity, gas, and water
