Two-Bedroom Residential
New
For Sale
$273,900
6300 STEVENSON AVENUE Unit 414, Alexandria, VA 22304
A 2-bedroom, 2-bath layout includes a walk-in closet and private bath in the primary suite.
Property Size1,054 SF
Days on Market5
Property Features for 6300 STEVENSON AVENUE Unit 414
General Information
Standard status
Active
Size
1,054 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Public Transit
Yes
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,415
Amenities
outdoor pool
exercise room
meeting spaces
in-unit laundry
Building Details
Building Size
1,054 SF
Year Built
1980
Listing Agency:
Promax Management, Inc.
Listed By:
Ronald L Riddell · License #0225110924
(703) 851-6286
Source:
Dcmetrorealtyteam
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 25 at 2:44AM
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 Promax Management, Inc.
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Investment Insights
Based on property information with market context.
Built in 1980, this residential unit has two bedrooms and two bathrooms. The primary suite includes a walk-in closet and private bath. The kitchen is equipped with a self-cleaning oven, built-in microwave, and dishwasher; washer and electric dryer hookups are also present.
Residents have access to an outdoor pool, exercise room, meeting spaces, and assigned parking in a secure garage. High-speed internet and cable are included in the association fee.
Residents have access to an outdoor pool, exercise room, meeting spaces, and assigned parking in a secure garage. High-speed internet and cable are included in the association fee.
Key Highlights
- Two bedrooms and two bathrooms
- Primary suite includes a walk‑in closet and private bath
- Kitchen appliances include a self‑cleaning oven, built‑in microwave, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,157
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,140
$323.1K
Cap Rate 7%
$230,814
$230.8K
Cap Rate 9%
$179,522
$179.5K
Market Conditions
NOI Build-Up for 1,054 SF
Gross rent
$31.0K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.4K $27.87/SF
− OpEx
−$13.2K −$12.54/SF
NOI
$16.2K $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%
$323,140
Cap Rate 7%
$230,814
Cap Rate 9%
$179,522
Alternative Uses
Best Use
Apartment 5plus
$230.8K
$202.0K – $269.3K
NOI $16,157 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$585.4K
$512.3K – $683.0K
NOI $40,980 @ 7.0% cap · market cap 14.96%
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 2-bedroom, 2-bath layout includes a walk-in closet and private bath in the primary suite.
Where is this residential income property located?
The property is located at 6300 STEVENSON AVENUE Unit 414 Alexandria, VA.
What is the asking price?
The asking price for this property is $273,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Primary suite includes a walk‑in closet and private bath; Kitchen appliances include a self‑cleaning oven, built‑in microwave, and dishwasher
