Residential Income
For Sale
$224,888
6621 WAKEFIELD DR #417, Alexandria, VA 22307
ALEXANDRIA, VA
Property Size959 SF
Price / SF$234.50
Days on Market9
Property Features for 6621 WAKEFIELD DR #417
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1
Subdivision
RIVER TOWERS
Elementary school
BELLE VIEW
Middle school
SANDBURG
High school
WEST POTOMAC
Elementary school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Middle school district
FAIRFAX COUNTY PUBLIC SCHOOLS
High school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
rooftop observation deck
swimming pool
tennis courts
basketball courts
on-site convenience store
parking
Mount Vernon Trail access
Building Details
Year built
1963
Listing Agency:
Reston
(703) 437-3800
Listed By:
Mark S. Wilson
(703) 307-1934
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 15 at 12:06PM
MLS# VAFX2345244
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 959-square-foot corner condominium in River Towers has two bedrooms and one and a half bathrooms. Windows on two sides bring natural light into the unit, and the building has an elevator. Constructed in 1963, the property also offers a rooftop observation deck with views across the Potomac River toward National Harbor, the Washington Monument, the Masonic Temple, and the U.S. Capitol.
Community amenities include a swimming pool, tennis and basketball courts, an on-site convenience store, and parking. Residents also have direct access to the Mount Vernon Trail for walking and biking. Utilities are included in the condo fee.
Community amenities include a swimming pool, tennis and basketball courts, an on-site convenience store, and parking. Residents also have direct access to the Mount Vernon Trail for walking and biking. Utilities are included in the condo fee.
Key Highlights
- 959‑square‑foot, two‑bedroom corner condominium with 1.5 bathrooms
- Utilities included in the condo fee
- Rooftop observation deck with views toward National Harbor, the Washington Monument, the Masonic Temple, and the U.S. Capitol
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,701
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,020
$294.0K
Cap Rate 7%
$210,014
$210.0K
Cap Rate 9%
$163,344
$163.3K
Market Conditions
NOI Build-Up for 959 SF
Gross rent
$28.2K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$26.7K $27.87/SF
− OpEx
−$12.0K −$12.54/SF
NOI
$14.7K $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%
$294,020
Cap Rate 7%
$210,014
Cap Rate 9%
$163,344
Alternative Uses
Best Use
Apartment 5plus
$210.0K
$183.8K – $245.0K
NOI $14,701 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$532.7K
$466.1K – $621.4K
NOI $37,286 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
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 - The corner condominium includes two bedrooms, one and a half bathrooms, and utilities covered by the condo fee.
Where is this residential income property located?
The property is located at 6621 WAKEFIELD DR #417 Alexandria, VA.
What is the asking price?
The asking price for this property is $224,888.
What are key features of this property?
This property features: 959‑square‑foot, two‑bedroom corner condominium with 1.5 bathrooms; Utilities included in the condo fee; Rooftop observation deck with views toward National Harbor, the Washington Monument, the Masonic Temple, and the U.S. Capitol
