Updated One-Bedroom Residential
For Sale
$212,000
6641 WAKEFIELD DRIVE Unit 212, Alexandria, VA 22307
The 714-square-foot unit features a remodeled kitchen, new LVT flooring, and fresh paint.
Property Size714 SF
Price / SF$296.92
Days on Market91
Property Features for 6641 WAKEFIELD DRIVE Unit 212
General Information
Standard status
Active
Size
714 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,315
Amenities
outdoor pool
tennis courts
fitness center
picnic areas
scenic walking paths
Building Details
Building Size
714 SF
Year Built
1963
Listing Agency:
Samson Properties
Listed By:
Edward B Murphy · License #0226029855
(703) 946-5008
Source:
Irvinrealtyllc
Added: Jul 30
Changed: Oct 27
Last Checked: Oct 27 at 3:15AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This one-bedroom condominium offers 714 square feet of living space and a view toward Dyke Marsh. Recent interior work includes a remodeled kitchen, new LVT flooring throughout, and fresh paint. The building dates to 1963.
The unit is part of River Towers, a 24-acre waterfront community along the Potomac River in Alexandria. Community amenities include an outdoor pool, tennis courts, a fitness center, picnic areas, and walking paths beside the river. Old Town Alexandria, the GW Parkway, shopping, dining, and public transit are nearby.
The condo fee covers water, heat, air conditioning, electricity, gas, sewer, trash, common-area and exterior building maintenance, and pool access.
The unit is part of River Towers, a 24-acre waterfront community along the Potomac River in Alexandria. Community amenities include an outdoor pool, tennis courts, a fitness center, picnic areas, and walking paths beside the river. Old Town Alexandria, the GW Parkway, shopping, dining, and public transit are nearby.
The condo fee covers water, heat, air conditioning, electricity, gas, sewer, trash, common-area and exterior building maintenance, and pool access.
Key Highlights
- One‑bedroom condominium with 714 square feet of living space
- View toward Dyke Marsh
- Remodeled kitchen, new LVT flooring throughout, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,945
Cap Rate
5.16%
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 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
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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 - The 714-square-foot unit features a remodeled kitchen, new LVT flooring, and fresh paint.
Where is this residential income property located?
The property is located at 6641 WAKEFIELD DRIVE Unit 212 Alexandria, VA.
What is the asking price?
The asking price for this property is $212,000.
What are key features of this property?
This property features: One‑bedroom condominium with 714 square feet of living space; View toward Dyke Marsh; Remodeled kitchen, new LVT flooring throughout, and fresh paint
