Residential Income Property with Marsh
For Sale
$195,000
6641 WAKEFIELD DRIVE #219, Alexandria, VA 22307
Updated one-bedroom condominium in a Potomac waterfront community with extensive resident amenities and utilities included in the condo fee.
Property Size714 SF
Days on Market243
Property Features for 6641 WAKEFIELD DRIVE #219
General Information
Standard status
Active
Size
714 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Amenities
outdoor pool
tennis courts
fitness center
picnic areas
scenic walking paths
Central A/C
Heat Pump(s)
Building Details
Building Size
714 SF
Year Built
1963
Listing Agency:
Alexandria - Kingstowne
Listed By:
Timothy Mcjunkin · License #VA
(404) 655-2851
Source:
Kw
Added: Feb 5
Changed: Oct 6
Last Checked: Oct 5 at 4:14PM
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 Alexandria - Kingstowne
Investment Insights
Based on property information with market context.
Unit 212 is a one-bedroom residential income property in River Towers, a 24-acre waterfront community in Alexandria, Virginia. Improvements include a remodeled kitchen, new LTV flooring throughout, and fresh paint. The residence faces Dyke Marsh and is situated along the Potomac River.
Community amenities include an outdoor pool, tennis courts, fitness center, picnic areas, and walking paths along the river. The condo fee covers water, heat, air conditioning, electric, gas, sewer, trash, common-area maintenance, pool access, and exterior building maintenance. The property is near Old Town Alexandria, the GW Parkway, shopping, dining, and public transit. The building was constructed in 1963.
Community amenities include an outdoor pool, tennis courts, fitness center, picnic areas, and walking paths along the river. The condo fee covers water, heat, air conditioning, electric, gas, sewer, trash, common-area maintenance, pool access, and exterior building maintenance. The property is near Old Town Alexandria, the GW Parkway, shopping, dining, and public transit. The building was constructed in 1963.
Key Highlights
- One‑bedroom Unit 212 facing Dyke Marsh
- Remodeled kitchen with new LTV flooring throughout
- Freshly painted interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,945
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,900
$218.9K
Cap Rate 7%
$156,357
$156.4K
Cap Rate 9%
$121,611
$121.6K
Market Conditions
NOI Build-Up for 714 SF
Gross rent
$21.0K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$19.9K $27.87/SF
− OpEx
−$9.0K −$12.54/SF
NOI
$10.9K $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%
$218,900
Cap Rate 7%
$156,357
Cap Rate 9%
$121,611
Alternative Uses
Best Use
Apartment 5plus
$156.4K
$136.8K – $182.4K
NOI $10,945 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated one-bedroom condominium in a Potomac waterfront community with extensive resident amenities and utilities included in the condo fee.
Where is this residential income property located?
The property is located at 6641 WAKEFIELD DRIVE #219 Alexandria, VA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: One‑bedroom Unit 212 facing Dyke Marsh; Remodeled kitchen with new LTV flooring throughout; Freshly painted interior
