Two-Bedroom Condominium with Private
6924 FAIRFAX DRIVE Unit 330, Arlington, VA 22213
For Sale
New
$549,000
A single-level home pairs a fireplace and in-unit laundry with outdoor access overlooking the W&OD Trail.
Property Size1,171 SF
Price / SF$468.83
Days on Market4
Property Features for 6924 FAIRFAX DRIVE Unit 330
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pet-friendly community
private balcony
Building Details
Building Size
Year Built
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Debran M McClean · License VA #0225056850
(202) 494-8202
Source:
Kerishull
Added: Nov 12
Changed: Nov 14
Last Checked: Nov 14 at 2:19PM
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 1,171-square-foot, one-level condominium contains two bedrooms and two bathrooms. Recent interior work includes luxury vinyl plank flooring, fresh paint, updated light fixtures, and new carpet in both bedrooms. The living room has a gas fireplace with a marble surround, while the primary suite includes a jetted tub. A private balcony faces the W&OD Trail and is accessible from both the kitchen and primary bedroom. The unit also has gas cooking, an LG washer and dryer, and ample closet storage.
The property is near East Falls Church Metro, served by the Orange and Silver lines, and I-66. The W&OD and Custis trails are accessible nearby, as is Tuckahoe Park, which has a nature trail and playground. The community permits pets. The condo fee covers water, sewer, trash, and snow removal. The sale includes one assigned parking space and a visitor pass; the building’s special assessment has been paid in full by the seller.
The property is near East Falls Church Metro, served by the Orange and Silver lines, and I-66. The W&OD and Custis trails are accessible nearby, as is Tuckahoe Park, which has a nature trail and playground. The community permits pets. The condo fee covers water, sewer, trash, and snow removal. The sale includes one assigned parking space and a visitor pass; the building’s special assessment has been paid in full by the seller.
Key Highlights
- 1,171‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Private balcony overlooking the W&OD Trail, with access from the kitchen and primary bedroom
- Gas fireplace; primary suite includes a jetted tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,621
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,420
$352.4K
Cap Rate 7%
$251,729
$251.7K
Cap Rate 9%
$195,789
$195.8K
Market Conditions
NOI Build-Up for 1,171 SF
Gross rent
$33.7K $28.80/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$32.0K $27.36/SF
− OpEx
−$14.4K −$12.31/SF
NOI
$17.6K $15.05/SF
Area
Arlington, VA
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,420
Cap Rate 7%
$251,729
Cap Rate 9%
$195,789
Alternative Uses
Best Use
Apartment 5plus
$251.7K
$220.3K – $293.7K
NOI $17,621 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$650.4K
$569.1K – $758.8K
NOI $45,528 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,211
Businesses Nearby
Explore this area
Business Placement
Demographics for 22213, VA
3,600
Population
1,814
Households
2
Avg Household Size
39
Median Age
75%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
6,000
Density / Sq Mi
$169,201
Median Household Income
$113,971
Median Earnings
$3,501
Median Rent
$1,049,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A single-level home pairs a fireplace and in-unit laundry with outdoor access overlooking the W&OD Trail.
Where is this residential income property located?
The property is located at 6924 FAIRFAX DRIVE Unit 330 Arlington, VA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,171‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Private balcony overlooking the W&OD Trail, with access from the kitchen and primary bedroom; Gas fireplace; primary suite includes a jetted tub
