Penthouse Residential Income
For Sale
$280,000
6300 STEVENSON AVENUE Unit 416, Alexandria, VA 22304
A remodeled kitchen, private balcony and shared recreation amenities complement the two-bedroom layout.
Property Size1,062 SF
Price / SF$263.65
Days on Market50
Property Features for 6300 STEVENSON AVENUE Unit 416
General Information
Standard status
Active
Size
1,062 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,724
Amenities
outdoor pool
tennis courts
onsite walking trail
fitness center
sauna
Building Details
Building Size
1,062 SF
Year Built
1980
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 26 at 2:49PM
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 1,049-square-foot, top-floor residence has two bedrooms, a remodeled kitchen with a built-in breakfast bar, and a private balcony. Motorized shades serve the living area, while blackout shades and closet space are provided in both bedrooms. The building dates to 1980.
Shared amenities include an outdoor pool, tennis courts, a fitness center, sauna and walking trail. The property is just over a mile from Van Dorn Metro and near Safeway, international markets, dining and entertainment.
Shared amenities include an outdoor pool, tennis courts, a fitness center, sauna and walking trail. The property is just over a mile from Van Dorn Metro and near Safeway, international markets, dining and entertainment.
Key Highlights
- 1,049‑square‑foot top‑floor residence with two bedrooms
- Remodeled kitchen with built‑in breakfast bar
- Private balcony, motorized living‑area shades and blackout bedroom shades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,280
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,600
$325.6K
Cap Rate 7%
$232,571
$232.6K
Cap Rate 9%
$180,889
$180.9K
Market Conditions
NOI Build-Up for 1,062 SF
Gross rent
$31.2K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.6K $27.87/SF
− OpEx
−$13.3K −$12.54/SF
NOI
$16.3K $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%
$325,600
Cap Rate 7%
$232,571
Cap Rate 9%
$180,889
Alternative Uses
Best Use
Apartment 5plus
$232.6K
$203.5K – $271.3K
NOI $16,280 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$589.9K
$516.1K – $688.2K
NOI $41,291 @ 7.0% cap · market cap 14.75%
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
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, private balcony and shared recreation amenities complement the two-bedroom layout.
Where is this residential income property located?
The property is located at 6300 STEVENSON AVENUE Unit 416 Alexandria, VA.
What is the asking price?
The asking price for this property is $280,000.
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 living‑area shades and blackout bedroom shades
