Three-Bedroom Residential Income
6475 CHEYENNE DRIVE Unit 302, Alexandria, VA 22312
For Sale
$449,900
The vacant unit has garage parking and recent HVAC and heating system replacements.
Property Size1,322 SF
Price / SF$340.32
Days on Market8
Property Features for 6475 CHEYENNE DRIVE Unit 302
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
CHERIF T MEMENE · License #0225222606
(703) 930-4923
Source:
Dcmetrorealtyteam
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 8 at 4:01PM
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 Spring Hill Real Estate, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Alexandria condominium offers 1,322 square feet with three bedrooms and two full bathrooms. The interior has been renovated, and the unit includes new window blinds. HVAC equipment and the heating system have also been replaced. Built in 1998, the property is vacant and includes garage parking.
Key Highlights
- 1,322‑square‑foot condominium with three bedrooms and two full bathrooms
- Renovated interior with new window blinds
- HVAC unit and heating system recently replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,265
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,300
$405.3K
Cap Rate 7%
$289,500
$289.5K
Cap Rate 9%
$225,167
$225.2K
Market Conditions
NOI Build-Up for 1,322 SF
Gross rent
$38.9K $29.40/SF
− Vacancy
−$2.0K −$1.53/SF
EGI
$36.8K $27.87/SF
− OpEx
−$16.6K −$12.54/SF
NOI
$20.3K $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%
$405,300
Cap Rate 7%
$289,500
Cap Rate 9%
$225,167
Alternative Uses
Best Use
Apartment 5plus
$289.5K
$253.3K – $337.8K
NOI $20,265 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$734.3K
$642.5K – $856.7K
NOI $51,399 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
906
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The vacant unit has garage parking and recent HVAC and heating system replacements.
Where is this residential income property located?
The property is located at 6475 CHEYENNE DRIVE Unit 302 Alexandria, VA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,322‑square‑foot condominium with three bedrooms and two full bathrooms; Renovated interior with new window blinds; HVAC unit and heating system recently replaced
