Two-Bedroom Porch
For Sale
$329,999
6723 W WAKEFIELD DRIVE Unit B1, Alexandria, VA 22307
Updated kitchen, HVAC, and bathroom complement a private storage area and in-unit laundry.
Property Size785 SF
Price / SF$420.38
Days on Market8
Property Features for 6723 W WAKEFIELD DRIVE Unit B1
General Information
Standard status
Active
Size
785 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,659
Amenities
private storage
washer and dryer
porch
Building Details
Building Size
785 SF
Year Built
1950
Year Renovated
2021
Listing Agency:
Nesbitt Realty
Listed By:
Stuart W Nesbitt · License #0225203151
(703) 992-4218
Source:
Dcmetrorealtyteam
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 15 at 4:36AM
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 Nesbitt Realty
Investment Insights
Based on property information with market context.
This two-bedroom, one-bath condominium offers approximately 785 square feet and a porch. The home includes private storage and a washer and dryer on the same tier. Improvements include replacement windows installed in November 2017, a kitchen renovation and HVAC replacement in August 2021, and a bathroom renovation in April 2026.
Belle View Shopping Center, neighborhood dining, parks, and outdoor recreation are nearby. The property is also close to the George Washington Memorial Parkway, with access to Old Town Alexandria, Washington, DC, and the Pentagon. The Potomac River and Mount Vernon Trail are additional nearby destinations.
Belle View Shopping Center, neighborhood dining, parks, and outdoor recreation are nearby. The property is also close to the George Washington Memorial Parkway, with access to Old Town Alexandria, Washington, DC, and the Pentagon. The Potomac River and Mount Vernon Trail are additional nearby destinations.
Key Highlights
- Two bedrooms and one bathroom in approximately 785 square feet
- Porch unit in the Belle View community
- Private storage and washer and dryer on the same tier
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,033
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,660
$240.7K
Cap Rate 7%
$171,900
$171.9K
Cap Rate 9%
$133,700
$133.7K
Market Conditions
NOI Build-Up for 785 SF
Gross rent
$23.1K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$21.9K $27.87/SF
− OpEx
−$9.8K −$12.54/SF
NOI
$12.0K $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%
$240,660
Cap Rate 7%
$171,900
Cap Rate 9%
$133,700
Alternative Uses
Best Use
Apartment 5plus
$171.9K
$150.4K – $200.6K
NOI $12,033 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$436.0K
$381.5K – $508.7K
NOI $30,521 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
454
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 kitchen, HVAC, and bathroom complement a private storage area and in-unit laundry.
Where is this residential income property located?
The property is located at 6723 W WAKEFIELD DRIVE Unit B1 Alexandria, VA.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: Two bedrooms and one bathroom in approximately 785 square feet; Porch unit in the Belle View community; Private storage and washer and dryer on the same tier
