Residential Income Property with
New
For Sale
$315,000
6908 VICTORIA DRIVE Unit I, Alexandria, VA 22310
The two-bedroom, two-bath condo features vaulted living-room ceilings, a fireplace, and in-unit laundry.
Property Size857 SF
Days on Market4
Property Features for 6908 VICTORIA DRIVE Unit I
General Information
Standard status
Active
Size
857 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,703
Amenities
outdoor pool
fitness center
community center
tennis courts
basketball courts
volleyball courts
picnic areas
in-unit laundry
fireplace
balcony
Building Details
Building Size
857 SF
Year Built
1987
Listing Agency:
RE/MAX Galaxy
Listed By:
Angela Kim · License #0225247562
(703) 362-1224
Source:
Dcmetrorealtyteam
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:44AM
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 RE/MAX Galaxy
Investment Insights
Based on property information with market context.
This 1987 condominium has two bedrooms and two bathrooms, including a primary bedroom with an ensuite bath and walk-in closet. The living room has vaulted ceilings and a fireplace, while sliding doors connect the interior to a private balcony. In-unit laundry and storage are also included, along with one assigned parking space and visitor parking. The unit is described as move-in ready.
Community amenities include an outdoor pool, fitness center, party room, tennis, basketball and volleyball courts, and picnic areas. Festival at Manchester Lakes is nearby, with Kingstowne Towne Center, Wegmans, and Springfield Town Center also within the stated area. Access routes and destinations identified include I-95/395, Franconia-Springfield Metro, Fort Belvoir, the Pentagon, and Old Town Alexandria. Manchester Lake Park trails and Huntley Meadows are additional nearby outdoor destinations.
Community amenities include an outdoor pool, fitness center, party room, tennis, basketball and volleyball courts, and picnic areas. Festival at Manchester Lakes is nearby, with Kingstowne Towne Center, Wegmans, and Springfield Town Center also within the stated area. Access routes and destinations identified include I-95/395, Franconia-Springfield Metro, Fort Belvoir, the Pentagon, and Old Town Alexandria. Manchester Lake Park trails and Huntley Meadows are additional nearby outdoor destinations.
Key Highlights
- Two‑bedroom, two‑bath condominium built in 1987
- Private balcony, vaulted living‑room ceilings, and fireplace
- Primary bedroom has an ensuite bath and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,137
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,740
$262.7K
Cap Rate 7%
$187,671
$187.7K
Cap Rate 9%
$145,967
$146.0K
Market Conditions
NOI Build-Up for 857 SF
Gross rent
$25.2K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$23.9K $27.87/SF
− OpEx
−$10.7K −$12.54/SF
NOI
$13.1K $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%
$262,740
Cap Rate 7%
$187,671
Cap Rate 9%
$145,967
Alternative Uses
Best Use
Apartment 5plus
$187.7K
$164.2K – $219.0K
NOI $13,137 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$476.0K
$416.5K – $555.3K
NOI $33,320 @ 7.0% cap · market cap 10.58%
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
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 22310, VA
29,611
Population
11,116
Households
2.7
Avg Household Size
39
Median Age
64%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,420
Density / Sq Mi
$160,872
Median Household Income
$83,668
Median Earnings
$2,396
Median Rent
$627,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath condo features vaulted living-room ceilings, a fireplace, and in-unit laundry.
Where is this residential income property located?
The property is located at 6908 VICTORIA DRIVE Unit I Alexandria, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium built in 1987; Private balcony, vaulted living‑room ceilings, and fireplace; Primary bedroom has an ensuite bath and walk‑in closet
