Two-Bedroom Residential
For Sale
$229,000
6641 WAKEFIELD DRIVE Unit 217, Alexandria, VA 22307
The home offers two baths, an updated kitchen, and new carpeting in both bedrooms.
Property Size959 SF
Days on Market11
Property Features for 6641 WAKEFIELD DRIVE Unit 217
General Information
Standard status
Active
Size
959 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,770
Amenities
landscaped gardens
large pool with cabana
tennis courts
picnic grove
garden plot
Building Details
Building Size
959 SF
Year Built
1963
Listing Agency:
Compass Real Estate
Listed By:
Robert G Lepelletier, Jr.
(703) 310-7880
Source:
Dcmetrorealtyteam
Added: Sep 26
Changed: Oct 6
Last Checked: Oct 5 at 10:07PM
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 Compass Real Estate
Investment Insights
Based on property information with market context.
This two-bedroom condominium has two bathrooms and an updated kitchen. Recent interior work includes fresh paint and new bedroom carpeting. The building dates to 1963.
Shared amenities include landscaped gardens, a swimming pool with cabana, tennis courts, a picnic area, and individual garden plots. Parking is available, and the property is within walking distance of a shopping center, with access to METRO and the Mount Vernon Trail nearby. The condo fee covers all utilities.
Shared amenities include landscaped gardens, a swimming pool with cabana, tennis courts, a picnic area, and individual garden plots. Parking is available, and the property is within walking distance of a shopping center, with access to METRO and the Mount Vernon Trail nearby. The condo fee covers all utilities.
Key Highlights
- Two bedrooms and two bathrooms
- Updated kitchen, fresh paint, and new bedroom carpeting
- Community pool with cabana, tennis courts, picnic area, and garden plots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,701
Cap Rate
6.42%
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 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$532.7K
$466.1K – $621.4K
NOI $37,286 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
435
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - The home offers two baths, an updated kitchen, and new carpeting in both bedrooms.
Where is this residential income property located?
The property is located at 6641 WAKEFIELD DRIVE Unit 217 Alexandria, VA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Updated kitchen, fresh paint, and new bedroom carpeting; Community pool with cabana, tennis courts, picnic area, and garden plots
