Updated Two-Bedroom Residential Income
For Sale
$297,000
6220 EDSALL RD Unit 302, Alexandria, VA 22312
Refreshed condo with two full baths, private balcony, dedicated storage, and access to community amenities.
Property Size1,036 SF
Days on Market39
Property Features for 6220 EDSALL RD Unit 302
General Information
Standard status
Active
Size
1,036 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,209
Amenities
pool
Building Details
Building Size
1,036 SF
Year Built
1974
Listing Agency:
Weichert, REALTORS
(571) 315-2425
Listed By:
Blendetria Wiley · License #0225260258
(571) 315-2425
Source:
Dcmetrorealtyteam
Added: Jul 19
Changed: Aug 23
Last Checked: Aug 25 at 1:02PM
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 Weichert, REALTORS
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium has an open living and dining area connected to a private balcony. The primary bedroom includes a walk-in closet and its own full bath, while the second bedroom can serve as guest space, a home office, or a roommate suite. Recent improvements include a water heater installed in 2025, HVAC replaced in 2024, kitchen appliances from 2018, and fresh interior paint completed in 2025.
The property includes a dedicated basement storage unit, two permanent resident parking permits, and a guest pass. Community features include a pool and pet-friendly policies. Regional access is supported by proximity to I-395, I-495, I-95, and the Van Dorn Metro, with connections to Old Town Alexandria, the Pentagon, Amazon HQ2, and Washington, D.C. WestEnd Alexandria is also nearby, including planned retail, dining, entertainment, and an Inova health campus.
The property includes a dedicated basement storage unit, two permanent resident parking permits, and a guest pass. Community features include a pool and pet-friendly policies. Regional access is supported by proximity to I-395, I-495, I-95, and the Van Dorn Metro, with connections to Old Town Alexandria, the Pentagon, Amazon HQ2, and Washington, D.C. WestEnd Alexandria is also nearby, including planned retail, dining, entertainment, and an Inova health campus.
Key Highlights
- Two‑bedroom, two‑bath condominium with an open living and dining layout
- Private balcony extends the main living area
- Water heater installed in 2025 and HVAC replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,881
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,620
$317.6K
Cap Rate 7%
$226,871
$226.9K
Cap Rate 9%
$176,456
$176.5K
Market Conditions
NOI Build-Up for 1,036 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.5K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$28.9K $27.87/SF
− OpEx
−$13.0K −$12.54/SF
NOI
$15.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,620
Cap Rate 7%
$226,871
Cap Rate 9%
$176,456
Alternative Uses
Best Use
Apartment 5plus
$226.9K
$198.5K – $264.7K
NOI $15,881 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$575.4K
$503.5K – $671.3K
NOI $40,280 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 22312, VA
30,447
Population
11,191
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
5,970
Density / Sq Mi
$105,044
Median Household Income
$53,471
Median Earnings
$2,009
Median Rent
$593,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Refreshed condo with two full baths, private balcony, dedicated storage, and access to community amenities.
Where is this residential income property located?
The property is located at 6220 EDSALL RD Unit 302 Alexandria, VA.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with an open living and dining layout; Private balcony extends the main living area; Water heater installed in 2025 and HVAC replaced in 2024
