Two-Bedroom Residential Income
For Sale
$265,000
6301 STEVENSON AVENUE Unit 1305, Alexandria, VA 22304
Renovated finishes include granite countertops, stainless steel appliances, new flooring, and fresh paint.
Property Size1,090 SF
Price / SF$243.12
Days on Market37
Property Features for 6301 STEVENSON AVENUE Unit 1305
General Information
Standard status
Active
Size
1,090 SF
Property subtype
Penthouse 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
$3,232
Amenities
balcony
Building Details
Building Size
1,090 SF
Year Built
1974
Listing Agency:
Wilkinson PM INC
Listed By:
Lorraine K Deavers · License #0225061530
(571) 241-2184
Source:
Mxwrealestate
Added: Sep 25
Changed: Oct 30
Last Checked: Oct 30 at 2:12AM
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 Wilkinson PM INC
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Investment Insights
Based on property information with market context.
This 1,090-square-foot residential income property offers two bedrooms and two bathrooms on the 13th floor. The kitchen has new cabinetry, granite countertops, and stainless steel appliances; new carpet, additional new flooring, and fresh paint are also noted. A large balcony extends the living space, while a wall of windows spans the living and dining areas.
Built in 1974, the unit has views toward Alexandria. The combination of bedroom and bathroom count, updated interior finishes, and private balcony defines the property’s configuration.
Built in 1974, the unit has views toward Alexandria. The combination of bedroom and bathroom count, updated interior finishes, and private balcony defines the property’s configuration.
Key Highlights
- Two bedrooms and two bathrooms
- 1,090 square feet on the 13th floor
- Kitchen with new cabinets, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,709
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,180
$334.2K
Cap Rate 7%
$238,700
$238.7K
Cap Rate 9%
$185,656
$185.7K
Market Conditions
NOI Build-Up for 1,090 SF
Gross rent
$32.0K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.4K $27.87/SF
− OpEx
−$13.7K −$12.54/SF
NOI
$16.7K $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%
$334,180
Cap Rate 7%
$238,700
Cap Rate 9%
$185,656
Alternative Uses
Best Use
Apartment 5plus
$238.7K
$208.9K – $278.5K
NOI $16,709 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$605.4K
$529.7K – $706.3K
NOI $42,379 @ 7.0% cap · market cap 15.99%
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 - Renovated finishes include granite countertops, stainless steel appliances, new flooring, and fresh paint.
Where is this residential income property located?
The property is located at 6301 STEVENSON AVENUE Unit 1305 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; 1,090 square feet on the 13th floor; Kitchen with new cabinets, granite countertops, and stainless steel appliances
