Renovated Residential Income
For Sale
$335,000
6151 EDSALL ROAD Unit A, Alexandria, VA 22304
Three bedrooms, two updated bathrooms, and a redesigned kitchen define this condominium unit.
Property Size1,192 SF
Price / SF$281.04
Days on Market89
Property Features for 6151 EDSALL ROAD Unit A
General Information
Standard status
Active
Size
1,192 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,840
Amenities
community pool
Building Details
Building Size
1,192 SF
Year Built
1973
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Jul 31
Changed: Oct 26
Last Checked: Oct 26 at 1:27PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 3-bedroom, 2-bath condominium unit offers 1,192 square feet of living space. Renovations include new flooring, contemporary lighting, ceiling fans, a redesigned kitchen with granite countertops and stainless-steel appliances, and refreshed bathrooms with updated tilework and fixtures. A stacked washer and dryer are included. The building dates to 1973.
Residents have access to a community pool and ample parking. The property is within minutes of I-395, Van Dorn Metro, Old Town, shops, and dining.
Residents have access to a community pool and ample parking. The property is within minutes of I-395, Van Dorn Metro, Old Town, shops, and dining.
Key Highlights
- 3‑bedroom, 2‑bath condominium unit with 1,192 square feet
- Updated kitchen with granite countertops and stainless‑steel appliances
- Renovated bathrooms feature updated tilework and fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,272
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,440
$365.4K
Cap Rate 7%
$261,029
$261.0K
Cap Rate 9%
$203,022
$203.0K
Market Conditions
NOI Build-Up for 1,192 SF
Gross rent
$35.0K $29.40/SF
− Vacancy
−$1.8K −$1.53/SF
EGI
$33.2K $27.87/SF
− OpEx
−$15.0K −$12.54/SF
NOI
$18.3K $15.33/SF
Area
Alexandria, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,440
Cap Rate 7%
$261,029
Cap Rate 9%
$203,022
Alternative Uses
Best Use
Apartment 5plus
$261.0K
$228.4K – $304.5K
NOI $18,272 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$662.1K
$579.3K – $772.4K
NOI $46,345 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three bedrooms, two updated bathrooms, and a redesigned kitchen define this condominium unit.
Where is this residential income property located?
The property is located at 6151 EDSALL ROAD Unit A Alexandria, VA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath condominium unit with 1,192 square feet; Updated kitchen with granite countertops and stainless‑steel appliances; Renovated bathrooms feature updated tilework and fixtures
