Two-Bedroom Residential
For Sale
$329,999
6505 POTOMAC AVENUE Unit A1, Alexandria, VA 22307
A first-floor home combines hardwood flooring with updated kitchen and climate-control systems.
Property Size793 SF
Price / SF$416.14
Days on Market114
Property Features for 6505 POTOMAC AVENUE Unit A1
General Information
Standard status
Active
Size
793 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,761
Amenities
pool
Building Details
Building Size
793 SF
Year Built
1950
Year Renovated
2023
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Jul 7
Changed: Oct 26
Last Checked: Oct 26 at 3:22PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 793-square-foot, two-bedroom condo occupies the first floor of a 1950 residential building. Interior features include refinished hardwood floors, double-pane windows installed in 2023, and a kitchen renovated that year with stainless steel appliances, granite counters, and white cabinetry. The HVAC system was replaced in fall 2023. A basement storage unit supplements the in-unit closets, and a bulkhead conceals the HVAC system.
The property sits within Belle View, with the community pool and Belle View shopping center nearby. The Mount Vernon Recreation Center reopened in 2025. The GWMP Trail is accessible from the area, and Old Town, Huntington Metro, and the Route 1 corridor are minutes away.
The property sits within Belle View, with the community pool and Belle View shopping center nearby. The Mount Vernon Recreation Center reopened in 2025. The GWMP Trail is accessible from the area, and Old Town, Huntington Metro, and the Route 1 corridor are minutes away.
Key Highlights
- Two‑bedroom, first‑floor condo with 793 square feet
- Kitchen renovation completed in 2023, with stainless steel appliances and granite counters
- Double‑pane windows installed in 2023; HVAC system replaced in fall 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,156
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,120
$243.1K
Cap Rate 7%
$173,657
$173.7K
Cap Rate 9%
$135,067
$135.1K
Market Conditions
NOI Build-Up for 793 SF
Gross rent
$23.3K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.1K $27.87/SF
− OpEx
−$9.9K −$12.54/SF
NOI
$12.2K $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%
$243,120
Cap Rate 7%
$173,657
Cap Rate 9%
$135,067
Alternative Uses
Best Use
Apartment 5plus
$173.7K
$152.0K – $202.6K
NOI $12,156 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$440.5K
$385.4K – $513.9K
NOI $30,832 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
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Business Placement
Demographics for 22307, VA
10,271
Population
4,742
Households
2.2
Avg Household Size
45
Median Age
70%
College-Educated
96%
High-School Grad
3.1 sq mi
ZIP Area
3,313
Density / Sq Mi
$140,559
Median Household Income
$86,082
Median Earnings
$1,906
Median Rent
$752,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A first-floor home combines hardwood flooring with updated kitchen and climate-control systems.
Where is this residential income property located?
The property is located at 6505 POTOMAC AVENUE Unit A1 Alexandria, VA.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: Two‑bedroom, first‑floor condo with 793 square feet; Kitchen renovation completed in 2023, with stainless steel appliances and granite counters; Double‑pane windows installed in 2023; HVAC system replaced in fall 2023
