2-Bedroom Residential
For Sale
$215,000
6435 RICHMOND HIGHWAY Unit 301, Alexandria, VA 22306
The unit pairs a galley kitchen with assigned basement storage and access to community parking.
Property Size863 SF
Price / SF$249.13
Days on Market12
Property Features for 6435 RICHMOND HIGHWAY Unit 301
General Information
Standard status
Active
Size
863 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,490
Building Details
Building Size
863 SF
Year Built
1966
Listing Agency:
Coldwell Banker Realty
Listed By:
Vivianne B Couts · License #0225088247
(703) 963-6735
Source:
Dcmetrorealtyteam
Added: Sep 25
Changed: Oct 3
Last Checked: Oct 5 at 10:39PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 863-square-foot residential unit has two bedrooms and one bathroom, with living and dining areas arranged together. The galley kitchen has upgraded countertops, and the bathroom includes a tub-shower combination. A walk-in closet serves the bedroom, while recessed lighting and carpeting are among the interior features. The unit was built in 1966 and has undergone renovations.
An assigned basement storage area measures approximately 6 feet wide by 8 feet deep by 8 feet high. Residents also have access to community parking and maintained common grounds. The property is near major commuter routes.
An assigned basement storage area measures approximately 6 feet wide by 8 feet deep by 8 feet high. Residents also have access to community parking and maintained common grounds. The property is near major commuter routes.
Key Highlights
- 863‑square‑foot unit with two bedrooms and one bathroom
- Galley kitchen with upgraded countertops
- Bedroom includes a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,229
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,580
$264.6K
Cap Rate 7%
$188,986
$189.0K
Cap Rate 9%
$146,989
$147.0K
Market Conditions
NOI Build-Up for 863 SF
Gross rent
$25.4K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$24.1K $27.87/SF
− OpEx
−$10.8K −$12.54/SF
NOI
$13.2K $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%
$264,580
Cap Rate 7%
$188,986
Cap Rate 9%
$146,989
Alternative Uses
Best Use
Apartment 5plus
$189.0K
$165.4K – $220.5K
NOI $13,229 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$479.3K
$419.4K – $559.2K
NOI $33,553 @ 7.0% cap · market cap 15.61%
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
666
Businesses Nearby
Explore this area
Business Placement
Demographics for 22306, VA
33,330
Population
11,514
Households
2.9
Avg Household Size
35
Median Age
40%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
4,901
Density / Sq Mi
$95,026
Median Household Income
$45,193
Median Earnings
$1,750
Median Rent
$583,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit pairs a galley kitchen with assigned basement storage and access to community parking.
Where is this residential income property located?
The property is located at 6435 RICHMOND HIGHWAY Unit 301 Alexandria, VA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 863‑square‑foot unit with two bedrooms and one bathroom; Galley kitchen with upgraded countertops; Bedroom includes a walk‑in closet
