Three-Bedroom
New
For Sale
$389,000
6301 STEVENSON AVENUE Unit 916, Alexandria, VA 22304
The residence pairs two private balconies with assigned garage parking and a dedicated storage unit.
Property Size1,410 SF
Price / SF$275.89
Days on Market7
Property Features for 6301 STEVENSON AVENUE Unit 916
General Information
Standard status
Active
Size
1,410 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,132
Amenities
outdoor pool
fitness center
tennis courts
balconies
storage unit
Building Details
Building Size
1,410 SF
Year Built
1974
Listing Agency:
Fairfax Realty Select
Listed By:
Sasha S Nikolich · License #0225063615
(571) 276-7251
Source:
Dcmetrorealtyteam
Added: Oct 9
Changed: Oct 14
Last Checked: Oct 13 at 3:02AM
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 Fairfax Realty Select
Investment Insights
Based on property information with market context.
This 1,410-square-foot condominium at Olympus has three bedrooms, two bathrooms, and two balconies. The unit includes two assigned parking spaces in the A-level underground garage and a separate storage unit. Community amenities include an outdoor pool, fitness center, and tennis courts. The condominium fee covers electricity, water, gas, maintenance, and amenities.
The property is in Alexandria, with access to I-395, I-495, Duke Street, Van Dorn Street, and the Van Dorn Metro station. Public transportation is nearby, and the airport is less than 10 miles away. The listing also identifies nearby destinations including Pentagon City, Crystal City, Old Town Alexandria, Springfield Town Center, and Kingstowne Center.
The property is in Alexandria, with access to I-395, I-495, Duke Street, Van Dorn Street, and the Van Dorn Metro station. Public transportation is nearby, and the airport is less than 10 miles away. The listing also identifies nearby destinations including Pentagon City, Crystal City, Old Town Alexandria, Springfield Town Center, and Kingstowne Center.
Key Highlights
- 1,410‑square‑foot condominium with 3 bedrooms and 2 bathrooms
- Two balconies, two assigned underground parking spaces, and a storage unit
- Community features include an outdoor pool, fitness center, and tennis courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,614
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,280
$432.3K
Cap Rate 7%
$308,771
$308.8K
Cap Rate 9%
$240,156
$240.2K
Market Conditions
NOI Build-Up for 1,410 SF
Gross rent
$41.5K $29.40/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$39.3K $27.87/SF
− OpEx
−$17.7K −$12.54/SF
NOI
$21.6K $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%
$432,280
Cap Rate 7%
$308,771
Cap Rate 9%
$240,156
Alternative Uses
Best Use
Apartment 5plus
$308.8K
$270.2K – $360.2K
NOI $21,614 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$783.2K
$685.3K – $913.7K
NOI $54,821 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,632
Businesses Nearby
Explore this area
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 - The residence pairs two private balconies with assigned garage parking and a dedicated storage unit.
Where is this residential income property located?
The property is located at 6301 STEVENSON AVENUE Unit 916 Alexandria, VA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 1,410‑square‑foot condominium with 3 bedrooms and 2 bathrooms; Two balconies, two assigned underground parking spaces, and a storage unit; Community features include an outdoor pool, fitness center, and tennis courts
