First-Floor One-Bedroom
For Sale
$235,000
6626 E WAKEFIELD DRIVE E Unit A1, Alexandria, VA 22307
Updated kitchen finishes, built-in storage, and a dining-area opening shape the interior of this ground-level home.
Property Size623 SF
Price / SF$377.21
Days on Market29
Property Features for 6626 E WAKEFIELD DRIVE E Unit A1
General Information
Standard status
Active
Size
623 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$2,875
Amenities
shared laundry room
outdoor pool
playground
Building Details
Building Size
623 SF
Year Built
1950
Listing Agency:
Corcoran McEnearney
Listed By:
Heidi E Burkhardt · License #0225206337
(703) 217-6009
Source:
Jackrealtygroup
Added: Sep 30
Changed: Oct 27
Last Checked: Oct 26 at 3:01PM
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 Corcoran McEnearney
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Investment Insights
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This 623-square-foot, first-floor condominium was built in 1950 and includes one bedroom. Interior details include crown and chair rail molding, built-in storage, a wall niche, luxury vinyl plank flooring, and quartz kitchen counters. An opening connects the kitchen and dining area, while the bedroom has wall-to-wall carpet. Storage is located by the unit entrance; the community also provides a shared laundry room on the lower level.
Residents have access to an outdoor pool and playgrounds, with two parking passes provided. Belle View Shopping Center, Mount Vernon Rec Center, nearby trails, Belle Haven Marina, and Belle Haven Country Club are among the surrounding destinations. The rec center includes two ice rinks, an indoor pool, and a fitness center. Old Town Alexandria and downtown DC are each described as about a 10-minute drive away.
Residents have access to an outdoor pool and playgrounds, with two parking passes provided. Belle View Shopping Center, Mount Vernon Rec Center, nearby trails, Belle Haven Marina, and Belle Haven Country Club are among the surrounding destinations. The rec center includes two ice rinks, an indoor pool, and a fitness center. Old Town Alexandria and downtown DC are each described as about a 10-minute drive away.
Key Highlights
- 623‑square‑foot, one‑bedroom condominium built in 1950
- First‑floor unit with quartz counters, luxury vinyl plank flooring, and built‑in storage
- Two parking passes and access to a community pool and playgrounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,550
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,000
$191.0K
Cap Rate 7%
$136,429
$136.4K
Cap Rate 9%
$106,111
$106.1K
Market Conditions
NOI Build-Up for 623 SF
Gross rent
$18.3K $29.40/SF
− Vacancy
−$952 −$1.53/SF
EGI
$17.4K $27.87/SF
− OpEx
−$7.8K −$12.54/SF
NOI
$9.6K $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%
$191,000
Cap Rate 7%
$136,429
Cap Rate 9%
$106,111
Alternative Uses
Best Use
Apartment 5plus
$136.4K
$119.4K – $159.2K
NOI $9,550 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$346.0K
$302.8K – $403.7K
NOI $24,222 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
426
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 - Updated kitchen finishes, built-in storage, and a dining-area opening shape the interior of this ground-level home.
Where is this residential income property located?
The property is located at 6626 E WAKEFIELD DRIVE E Unit A1 Alexandria, VA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 623‑square‑foot, one‑bedroom condominium built in 1950; First‑floor unit with quartz counters, luxury vinyl plank flooring, and built‑in storage; Two parking passes and access to a community pool and playgrounds
