Residential Income
For Sale
$530,000
6325 EAGLE RIDGE LANE Unit 32, Alexandria, VA 22312
Unit 32 is a residential income property constructed in 1999.
Property Size1,572 SF
Days on Market55
Property Features for 6325 EAGLE RIDGE LANE Unit 32
General Information
Standard status
Active
Size
1,572 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,894
Building Details
Building Size
1,572 SF
Year Built
1999
Listing Agency:
MMK REALTY, LLC.
Listed By:
Michelle E Williams
(703) 862-1118
Source:
Dcmetrorealtyteam
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 5 at 10:59PM
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 MMK REALTY, LLC.
Investment Insights
Based on property information with market context.
Unit 32 is a residential income property within a building completed in 1999. The available property information identifies the asset as an income-producing residential property and places it at 6325 Eagle Ridge Lane in Alexandria, Virginia.
Key Highlights
- Unit 32 at 6325 Eagle Ridge Lane, Alexandria, VA 22312
- Building constructed in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,097
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,940
$481.9K
Cap Rate 7%
$344,243
$344.2K
Cap Rate 9%
$267,744
$267.7K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$46.2K $29.40/SF
− Vacancy
−$2.4K −$1.53/SF
EGI
$43.8K $27.87/SF
− OpEx
−$19.7K −$12.54/SF
NOI
$24.1K $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%
$481,940
Cap Rate 7%
$344,243
Cap Rate 9%
$267,744
Alternative Uses
Best Use
Apartment 5plus
$344.2K
$301.2K – $401.6K
NOI $24,097 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$873.1K
$764.0K – $1.02M
NOI $61,119 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 22312, VA
30,447
Population
11,191
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
5,970
Density / Sq Mi
$105,044
Median Household Income
$53,471
Median Earnings
$2,009
Median Rent
$593,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Unit 32 is a residential income property constructed in 1999.
Where is this residential income property located?
The property is located at 6325 EAGLE RIDGE LANE Unit 32 Alexandria, VA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Unit 32 at 6325 Eagle Ridge Lane, Alexandria, VA 22312; Building constructed in 1999
