Residential Income Property with
For Sale
$365,000
Pending
6335 STEVENSON AVENUE Unit D, Alexandria, VA 22304
Two-level townhouse-style residence with a private entrance, updated finishes, and tree-canopy views from the balcony.
Property Size1,211 SF
Days on Market78
Property Features for 6335 STEVENSON AVENUE Unit D
General Information
Standard status
Pending
Size
1,211 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$395
Taxes and HOA fees
Annual Taxes
$4,415
Amenities
private balcony
Building Details
Building Size
1,211 SF
Year Built
1997
Listing Agency:
Samson Properties
(703) 389-5932
Listed By:
Aleksandra Hoptiak · License #225199172
(703) 389-5932
Source:
Dcmetrorealtyteam
Added: Jun 10
Changed: Aug 23
Last Checked: Aug 25 at 12:13PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This two-level townhouse-style residential income property includes 3 bedrooms, 2 full baths, and 1,211 square feet. The home has a private entrance, no unit above, and a balcony overlooking a canopy of trees. Interior improvements include white shaker cabinetry, quartz countertops, a deep undermount sink, navy subway tile, and an LG appliance package with a gas range. The primary suite includes an en-suite bath with a frameless sliding shower door, stone vanity, and matte black fixtures.
Located at 6335 Stevenson Avenue in Alexandria, the property is under 2 miles from Van Dorn Street Metro on the Blue Line and has multiple bus stops on Stevenson Avenue. I-395 and I-95 are accessible from the area, and Reagan National Airport is 7.4 miles away. A mixed-use development with housing and restaurants is under construction one block away, while the 52-acre WestEnd redevelopment of the former Landmark Mall site includes planned apartments, retail, parks, and a new Inova Alexandria Hospital campus targeted for completion by 2028.
The property was built in 1997 and includes one parking pass, along with street and visitor parking.
Located at 6335 Stevenson Avenue in Alexandria, the property is under 2 miles from Van Dorn Street Metro on the Blue Line and has multiple bus stops on Stevenson Avenue. I-395 and I-95 are accessible from the area, and Reagan National Airport is 7.4 miles away. A mixed-use development with housing and restaurants is under construction one block away, while the 52-acre WestEnd redevelopment of the former Landmark Mall site includes planned apartments, retail, parks, and a new Inova Alexandria Hospital campus targeted for completion by 2028.
The property was built in 1997 and includes one parking pass, along with street and visitor parking.
Key Highlights
- Two‑level townhouse‑style layout with 3 bedrooms and 2 full baths
- 1,211 square feet with a private entrance and no unit above
- Updated kitchen with quartz counters, navy subway tile, and LG appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,564
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$371,280
$371.3K
Cap Rate 7%
$265,200
$265.2K
Cap Rate 9%
$206,267
$206.3K
Market Conditions
NOI Build-Up for 1,211 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.6K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$33.8K $27.87/SF
− OpEx
−$15.2K −$12.54/SF
NOI
$18.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$371,280
Cap Rate 7%
$265,200
Cap Rate 9%
$206,267
Alternative Uses
Best Use
Apartment 5plus
$265.2K
$232.1K – $309.4K
NOI $18,564 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$672.6K
$588.6K – $784.7K
NOI $47,084 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,572
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level townhouse-style residence with a private entrance, updated finishes, and tree-canopy views from the balcony.
Where is this residential income property located?
The property is located at 6335 STEVENSON AVENUE Unit D Alexandria, VA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑level townhouse‑style layout with 3 bedrooms and 2 full baths; 1,211 square feet with a private entrance and no unit above; Updated kitchen with quartz counters, navy subway tile, and LG appliances
