Updated Residential Income
6715 W WAKEFIELD DRIVE Unit B1, Alexandria, VA 22307
For Sale
$289,000
The two-bedroom condo features refreshed kitchen and bath finishes, parquet flooring, and access to shared recreation amenities.
Property Size793 SF
Price / SF$364.44
Days on Market96
Property Features for 6715 W WAKEFIELD DRIVE Unit B1
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
picnic areas with grills
pickleball courts
tennis courts
basketball court
gazebo
tot lots
Building Details
Building Size
Year Built
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Andrea E Courduvelis · License VA #0225192269
(703) 307-3170
Source:
Jackrealtygroup
Added: Aug 7
Changed: Nov 8
Last Checked: Nov 9 at 4:04PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 793-square-foot, two-bedroom condo was built in 1950 and is described as the largest two-bedroom floor plan in its community. Interior features include parquet flooring, fresh paint, an updated kitchen and bathroom, granite countertops, and stainless steel appliances installed in 2026. A Trane heat pump was added in 2018.
The home is part of Belle View, a community set across 56 acres of landscaped grounds. Shared amenities include a pool, picnic areas with grills, pickleball and tennis courts, a basketball court, a gazebo, and tot lots. Community events and a neighborhood newsletter are also noted. Belle View shopping and dining, the Mt. Vernon Rec Center, Mt. Vernon Trail, Huntington Metro, Reagan National Airport, Old Town Alexandria, and bus stops are listed among nearby destinations.
The home is part of Belle View, a community set across 56 acres of landscaped grounds. Shared amenities include a pool, picnic areas with grills, pickleball and tennis courts, a basketball court, a gazebo, and tot lots. Community events and a neighborhood newsletter are also noted. Belle View shopping and dining, the Mt. Vernon Rec Center, Mt. Vernon Trail, Huntington Metro, Reagan National Airport, Old Town Alexandria, and bus stops are listed among nearby destinations.
Key Highlights
- 793‑square‑foot condo with two bedrooms
- Largest of the community’s two‑bedroom floor plans
- Stainless steel appliances installed in 2026; Trane heat pump installed in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,156
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,120
$243.1K
Cap Rate 7%
$173,657
$173.7K
Cap Rate 9%
$135,067
$135.1K
Market Conditions
NOI Build-Up for 793 SF
Gross rent
$23.3K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.1K $27.87/SF
− OpEx
−$9.9K −$12.54/SF
NOI
$12.2K $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%
$243,120
Cap Rate 7%
$173,657
Cap Rate 9%
$135,067
Alternative Uses
Best Use
Apartment 5plus
$173.7K
$152.0K – $202.6K
NOI $12,156 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$440.5K
$385.4K – $513.9K
NOI $30,832 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
454
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 - The two-bedroom condo features refreshed kitchen and bath finishes, parquet flooring, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 6715 W WAKEFIELD DRIVE Unit B1 Alexandria, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 793‑square‑foot condo with two bedrooms; Largest of the community’s two‑bedroom floor plans; Stainless steel appliances installed in 2026; Trane heat pump installed in 2018
