Top-Floor One-Bedroom Residential
For Sale
$199,900
6147 LEESBURG PIKE Unit 610, Falls Church, VA 22041
A renovated top-floor residence includes a private balcony and a condo fee covering all utilities.
Property Size557 SF
Price / SF$358.89
Days on Market36
Property Features for 6147 LEESBURG PIKE Unit 610
General Information
Standard status
Active
Size
557 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,909
Amenities
balcony
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: Sep 24
Changed: Oct 27
Last Checked: Oct 26 at 3:24PM
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 557-square-foot, one-bedroom residential unit is on the top floor of a building constructed in 1964. Recent interior updates include fresh paint and new flooring. The layout also features a kitchen and a balcony. The condo fee includes all utilities.
Key Highlights
- 557‑square‑foot, one‑bedroom unit
- Top‑floor position
- Fresh paint and new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,338
Cap Rate
4.17%
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 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $163,436 @ 7.0% cap · market cap 81.76%
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 - A renovated top-floor residence includes a private balcony and a condo fee covering all utilities.
Where is this residential income property located?
The property is located at 6147 LEESBURG PIKE Unit 610 Falls Church, VA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 557‑square‑foot, one‑bedroom unit; Top‑floor position; Fresh paint and new flooring
