Three-Level Residential Income Property with
For Sale
$500,000
6606 NETTIES LANE Unit 1308, Alexandria, VA 22315
Updated three-level residence with a four-season sunroom, private garage, and access to extensive Island Creek amenities.
Property Size1,527 SF
Price / SF$317.46
Days on Market8
Property Features for 6606 NETTIES LANE Unit 1308
General Information
Standard status
Active
Size
1,527 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,470
Amenities
clubhouse
outdoor swimming pools
tennis courts
basketball courts
volleyball court
tot lots
walking paths
pond for catch-and-release fishing
Building Details
Building Size
1,527 SF
Year Built
1995
Stories
3
Listing Agency:
Long & Foster Real Estate, Inc.
(703) 822-0207
Listed By:
Cynthia Schneider · License #0225136582
(703) 822-0207
Source:
Dcmetrorealtyteam
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 4 at 4:49AM
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.
Investment Insights
Based on property information with market context.
This residential income property is a three-level Pinehurst model with 2 bedrooms, 2 and a half baths, a garage, and a 75-square-foot four-season sunroom. The home offers over 1,500 square feet, hardwood flooring on the entry foyer and main level, a separate dining room, and a kitchen equipped with granite counters, stainless appliances, a backsplash, pendant lighting, barstool seating, and a window seat. The owner's suite includes custom shelving, storage, and a window seat, while the owner's bath features full-height tile, product nooks, and a glass-enclosed shower. Renovations include an HVAC system installed in 2025, a garage door installed in 2026, a dishwasher installed in 2024, a 50-gallon water heater installed in 2021, and a fireplace insert.
Island Creek amenities include a clubhouse, outdoor swimming pools, tennis and basketball courts, a volleyball court, tot lots, walking paths, and a pond for catch-and-release fishing. The property is close to Fort Belvoir, Metro, Wegmans, two town centers, and major commuter routes.
Island Creek amenities include a clubhouse, outdoor swimming pools, tennis and basketball courts, a volleyball court, tot lots, walking paths, and a pond for catch-and-release fishing. The property is close to Fort Belvoir, Metro, Wegmans, two town centers, and major commuter routes.
Key Highlights
- Three‑level Pinehurst model with over 1,500 square feet
- Four‑season sunroom adds 75 square feet of living space
- 2 bedrooms, 2 and a half baths, and a garage
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 | $46.3k | $29.40 |
| − Vacancy | −$2.4k | −$1.53 |
| EGI | $43.9k | $27.87 |
| − OpEx | −$19.8k | −$12.54 |
| NOI | $24.1k | $15.33 |
1,575 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$344.9K
$301.8K – $402.4K
NOI $24,143 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$874.8K
$765.5K – $1.02M
NOI $61,236 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
215
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 - Updated three-level residence with a four-season sunroom, private garage, and access to extensive Island Creek amenities.
Where is this residential income property located?
The property is located at 6606 NETTIES LANE Unit 1308 Alexandria, VA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three‑level Pinehurst model with over 1,500 square feet; Four‑season sunroom adds 75 square feet of living space; 2 bedrooms, 2 and a half baths, and a garage
