Top-Floor Residential Income
For Sale
$308,691
6300 STEVENSON AVENUE Unit 1113, Alexandria, VA 22304
A remodeled kitchen, two bedrooms, and a private balcony shape the unit’s practical layout.
Property Size1,049 SF
Price / SF$294.27
Days on Market106
Property Features for 6300 STEVENSON AVENUE Unit 1113
General Information
Standard status
Active
Size
1,049 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Public Transit
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,036
Amenities
outdoor pool
tennis courts
onsite walking trail
fitness center
sauna
private balcony
Building Details
Building Size
1,049 SF
Year Built
1980
Listing Agency:
Keller Williams Capital Properties
Listed By:
James C Williams
(240) 401-4002
Source:
Horsefarmsandcountryhomes
Added: Jul 15
Changed: Oct 27
Last Checked: Oct 27 at 3:12AM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This 1,049-square-foot, top-floor residence has two bedrooms, a living area, and a remodeled kitchen with a built-in breakfast bar. Motorized window shades and blackout shades are installed, and a private balcony extends the living space outdoors. The property was built in 1980.
Building amenities include an outdoor pool, tennis courts, a fitness center, a sauna, and an on-site walking trail. The residence is just over a mile from the Van Dorn Metro station.
Building amenities include an outdoor pool, tennis courts, a fitness center, a sauna, and an on-site walking trail. The residence is just over a mile from the Van Dorn Metro station.
Key Highlights
- 1,049‑square‑foot top‑floor residence with two bedrooms
- Remodeled kitchen with built‑in breakfast bar
- Private balcony; motorized and blackout shades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,080
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,600
$321.6K
Cap Rate 7%
$229,714
$229.7K
Cap Rate 9%
$178,667
$178.7K
Market Conditions
NOI Build-Up for 1,049 SF
Gross rent
$30.8K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.2K $27.87/SF
− OpEx
−$13.2K −$12.54/SF
NOI
$16.1K $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%
$321,600
Cap Rate 7%
$229,714
Cap Rate 9%
$178,667
Alternative Uses
Best Use
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,080 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$582.6K
$509.8K – $679.8K
NOI $40,785 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
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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 - A remodeled kitchen, two bedrooms, and a private balcony shape the unit’s practical layout.
Where is this residential income property located?
The property is located at 6300 STEVENSON AVENUE Unit 1113 Alexandria, VA.
What is the asking price?
The asking price for this property is $308,691.
What are key features of this property?
This property features: 1,049‑square‑foot top‑floor residence with two bedrooms; Remodeled kitchen with built‑in breakfast bar; Private balcony; motorized and blackout shades
