Updated Residential Income
For Sale
$224,900
Pending
6437 RICHMOND HIGHWAY Unit 203, Alexandria, VA 22306
Two-bedroom condo with refreshed interiors, a renovated balcony, and a separate storage unit in Huntington Walk.
Property Size876 SF
Days on Market50
Property Features for 6437 RICHMOND HIGHWAY Unit 203
General Information
Standard status
Pending
Size
876 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,132
Building Details
Building Size
876 SF
Year Built
1966
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Nathan Shapiro · License #0225185794
(703) 789-2046
Source:
Dcmetrorealtyteam
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 28 at 3:42PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom condominium in Huntington Walk with an updated interior and a spacious layout. Improvements completed in 2025 include new flooring, interior paint, and light fixtures. The kitchen includes stainless steel appliances, cherry cabinetry, updated countertops, ceramic flooring, and an adjacent eating area. The dining space opens to a renovated balcony, while the living room benefits from abundant natural light. Both bedrooms include generous proportions, and the owner's suite has a walk-in closet and an updated bathroom with ceramic tile flooring, a white vanity, and a new light fixture. A hallway walk-in closet and separate storage unit add practical storage. The electrical panel was replaced in 2024, and the property was built in 1966.
Located on Richmond Highway in Alexandria, the condo offers access to major commuter routes, shopping, restaurants, and everyday conveniences. The property is identified as Unit 203 at 6437 Richmond Highway, Alexandria, VA 22306.
Located on Richmond Highway in Alexandria, the condo offers access to major commuter routes, shopping, restaurants, and everyday conveniences. The property is identified as Unit 203 at 6437 Richmond Highway, Alexandria, VA 22306.
Key Highlights
- Two‑bedroom condominium in Huntington Walk
- Interior refresh completed in 2025 with new flooring, paint, and light fixtures
- Kitchen with stainless steel appliances, cherry cabinetry, ceramic flooring, and eat‑in area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,428
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,560
$268.6K
Cap Rate 7%
$191,829
$191.8K
Cap Rate 9%
$149,200
$149.2K
Market Conditions
NOI Build-Up for 876 SF
Gross rent
$25.8K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$24.4K $27.87/SF
− OpEx
−$11.0K −$12.54/SF
NOI
$13.4K $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%
$268,560
Cap Rate 7%
$191,829
Cap Rate 9%
$149,200
Alternative Uses
Best Use
Apartment 5plus
$191.8K
$167.9K – $223.8K
NOI $13,428 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$486.6K
$425.7K – $567.7K
NOI $34,059 @ 7.0% cap · market cap 15.14%
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
666
Businesses Nearby
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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 - Two-bedroom condo with refreshed interiors, a renovated balcony, and a separate storage unit in Huntington Walk.
Where is this residential income property located?
The property is located at 6437 RICHMOND HIGHWAY Unit 203 Alexandria, VA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two‑bedroom condominium in Huntington Walk; Interior refresh completed in 2025 with new flooring, paint, and light fixtures; Kitchen with stainless steel appliances, cherry cabinetry, ceramic flooring, and eat‑in area
