Lakeside Residential Income
For Sale
$479,000
6547 GRANGE LANE Unit 104, Alexandria, VA 22315
Open-concept condominium with lake views, two patios, updated bathrooms, and access to extensive community amenities.
Property Size1,314 SF
Days on Market279
Property Features for 6547 GRANGE LANE Unit 104
General Information
Standard status
Active
Size
1,314 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,682
Amenities
pool
fitness center
community center
multi-purpose court
tennis court
sand volleyball court
scenic trails
lake
fireplace
private patio
Building Details
Building Size
1,314 SF
Year Built
1995
Listing Agency:
Omnia Real Estate LLC
(240) 603-8035
Listed By:
Leslie A Shafer · License #0225204786
(240) 603-8035
Source:
Dcmetrorealtyteam
Added: Oct 31, 2025
Changed: Aug 4
Last Checked: Aug 5 at 5:14AM
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 Omnia Real Estate LLC
Investment Insights
Based on property information with market context.
This residential income property is a condominium at The Chancery at Kingstowne, built in 1995. The open-concept layout includes nine-foot ceilings, a fireplace, two private patios with French doors, stainless steel appliances, updated lighting, backsplash, and renovated bathrooms. Lake views are available from every window, and the residence has one direct neighbor. LVP flooring is also noted among the interior features.
Community amenities include 2 pools, 2 fitness centers, 3 community centers, 3 multi-purpose courts, 6 tennis courts, 3 sand volleyball courts, and 10 miles of trails. The property is positioned near major highways, Metro stops, Fort Belvoir, shopping, dining, and entertainment. A walking path around the lake connects with Kingstowne’s retail and restaurant offerings, while resident and visitor parking are available throughout the community.
Community amenities include 2 pools, 2 fitness centers, 3 community centers, 3 multi-purpose courts, 6 tennis courts, 3 sand volleyball courts, and 10 miles of trails. The property is positioned near major highways, Metro stops, Fort Belvoir, shopping, dining, and entertainment. A walking path around the lake connects with Kingstowne’s retail and restaurant offerings, while resident and visitor parking are available throughout the community.
Key Highlights
- Condominium at The Chancery at Kingstowne built in 1995
- Lake views from every window with no parking lot or street outlooks
- Open‑concept layout with nine‑foot ceilings and a fireplace
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $29.40 |
| − Vacancy | −$2.0k | −$1.53 |
| EGI | $36.6k | $27.87 |
| − OpEx | −$16.5k | −$12.54 |
| NOI | $20.1k | $15.33 |
1,314 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$287.8K
$251.8K – $335.7K
NOI $20,143 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$729.8K
$638.6K – $851.5K
NOI $51,088 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 22315, VA
28,184
Population
11,660
Households
2.4
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
5.5 sq mi
ZIP Area
5,124
Density / Sq Mi
$156,230
Median Household Income
$89,478
Median Earnings
$2,396
Median Rent
$609,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept condominium with lake views, two patios, updated bathrooms, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 6547 GRANGE LANE Unit 104 Alexandria, VA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Condominium at The Chancery at Kingstowne built in 1995; Lake views from every window with no parking lot or street outlooks; Open‑concept layout with nine‑foot ceilings and a fireplace
