Two-Bedroom Residential Income
For Sale
$265,000
6301 STEVENSON AVENUE Unit 112, Alexandria, VA 22304
A renovated 13th-floor residence offers a private balcony and expansive windows across the living and dining areas.
Property Size1,110 SF
Price / SF$238.74
Days on Market15
Property Features for 6301 STEVENSON AVENUE Unit 112
General Information
Standard status
Active
Size
1,110 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,736
Building Details
Building Size
1,110 SF
Year Built
1974
Listing Agency:
Real Broker, LLC
Listed By:
Seon O Kang · License #0225089056
(571) 275-9666
Source:
Jackrealtygroup
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 26 at 2:57PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1,090-square-foot residential income property has two bedrooms and two bathrooms. The kitchen features updated cabinetry, granite countertops, and stainless steel appliances; new carpet, additional flooring, and fresh interior paint are also noted. A broad window wall brings natural light into the living and dining spaces, while a large balcony extends the interior outdoors.
The residence is on the 13th floor and offers views of Alexandria. The building dates to 1974.
The residence is on the 13th floor and offers views of Alexandria. The building dates to 1974.
Key Highlights
- Two bedrooms and two bathrooms in 1,090 square feet
- 13th‑floor residence with Alexandria views
- Large balcony and expansive windows in the living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,015
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,300
$340.3K
Cap Rate 7%
$243,071
$243.1K
Cap Rate 9%
$189,056
$189.1K
Market Conditions
NOI Build-Up for 1,110 SF
Gross rent
$32.6K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.9K $27.87/SF
− OpEx
−$13.9K −$12.54/SF
NOI
$17.0K $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%
$340,300
Cap Rate 7%
$243,071
Cap Rate 9%
$189,056
Alternative Uses
Best Use
Apartment 5plus
$243.1K
$212.7K – $283.6K
NOI $17,015 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$616.5K
$539.5K – $719.3K
NOI $43,157 @ 7.0% cap · market cap 16.29%
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
1,632
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 renovated 13th-floor residence offers a private balcony and expansive windows across the living and dining areas.
Where is this residential income property located?
The property is located at 6301 STEVENSON AVENUE Unit 112 Alexandria, VA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,090 square feet; 13th‑floor residence with Alexandria views; Large balcony and expansive windows in the living and dining areas
