Updated One-Bedroom
For Sale
$210,000
6145 LEESBURG PIKE Unit 404, Falls Church, VA 22041
The residence features a remodeled kitchen and bath, new luxury vinyl plank flooring, and fresh interior paint.
Property Size732 SF
Price / SF$286.89
Days on Market13
Property Features for 6145 LEESBURG PIKE Unit 404
General Information
Standard status
Active
Size
732 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,850
Amenities
swimming pool
playground
tennis court
basketball court
picnic area
party/community room
Building Details
Building Size
732 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 27 at 3:46AM
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
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Investment Insights
Based on property information with market context.
This 732-square-foot condominium contains one bedroom and one bathroom. Interior updates include a remodeled kitchen and bathroom, new luxury vinyl plank flooring, and fresh paint. The building dates to 1964.
Community amenities include a swimming pool, playground, tennis and basketball courts, a picnic area, and a party room. A bus stop is located outside the property, with the Falls Church Metro station, Seven Corners, and Baileys Crossroads Shopping Center nearby.
Community amenities include a swimming pool, playground, tennis and basketball courts, a picnic area, and a party room. A bus stop is located outside the property, with the Falls Church Metro station, Seven Corners, and Baileys Crossroads Shopping Center nearby.
Key Highlights
- 732‑square‑foot, one‑bedroom, one‑bath condominium
- Remodeled kitchen and bathroom
- New luxury vinyl plank flooring and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,957
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,140
$219.1K
Cap Rate 7%
$156,529
$156.5K
Cap Rate 9%
$121,744
$121.7K
Market Conditions
NOI Build-Up for 732 SF
Gross rent
$21.1K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$19.9K $27.22/SF
− OpEx
−$9.0K −$12.25/SF
NOI
$11.0K $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%
$219,140
Cap Rate 7%
$156,529
Cap Rate 9%
$121,744
Alternative Uses
Best Use
Apartment 5plus
$156.5K
$137.0K – $182.6K
NOI $10,957 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.07M
$2.68M – $3.58M
NOI $214,785 @ 7.0% cap · market cap 102.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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 - The residence features a remodeled kitchen and bath, new luxury vinyl plank flooring, and fresh interior paint.
Where is this residential income property located?
The property is located at 6145 LEESBURG PIKE Unit 404 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: 732‑square‑foot, one‑bedroom, one‑bath condominium; Remodeled kitchen and bathroom; New luxury vinyl plank flooring and fresh paint
