2-Bedroom
For Sale
$389,000
6974 ELLINGHAM CIRCLE Unit D, Alexandria, VA 22315
The single-level layout joins kitchen, dining, and living spaces around a fireplace.
Property Size1,053 SF
Price / SF$369.42
Days on Market31
Property Features for 6974 ELLINGHAM CIRCLE Unit D
General Information
Standard status
Active
Size
1,053 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,333
Amenities
fireplace
pool
tennis courts
recreational center
Building Details
Building Size
1,053 SF
Year Built
1991
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Sep 28
Changed: Oct 26
Last Checked: Oct 26 at 3:46PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,053-square-foot condominium, built in 1991, has two bedrooms and two full bathrooms on one level. The kitchen, dining area, and living room share an open layout, with a fireplace in the living space. The primary bedroom includes a walk-in closet and private bath; the second bedroom sits beside a full hall bathroom. Recessed lighting, a breakfast area, built-in microwave, dishwasher, and front-loading washer and dryer are also included.
Community amenities include outdoor pools, tennis courts, and a recreation center. Bike trails and jogging paths are nearby, as is a bus stop less than a mile away. The airport is within 10 miles.
Community amenities include outdoor pools, tennis courts, and a recreation center. Bike trails and jogging paths are nearby, as is a bus stop less than a mile away. The airport is within 10 miles.
Key Highlights
- 1,053‑square‑foot, single‑level condominium built in 1991
- Two bedrooms and two full bathrooms
- Open kitchen, dining, and living areas with a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,142
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,840
$322.8K
Cap Rate 7%
$230,600
$230.6K
Cap Rate 9%
$179,356
$179.4K
Market Conditions
NOI Build-Up for 1,053 SF
Gross rent
$31.0K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.3K $27.87/SF
− OpEx
−$13.2K −$12.54/SF
NOI
$16.1K $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%
$322,840
Cap Rate 7%
$230,600
Cap Rate 9%
$179,356
Alternative Uses
Best Use
Apartment 5plus
$230.6K
$201.8K – $269.0K
NOI $16,142 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$584.9K
$511.8K – $682.4K
NOI $40,941 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
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Business Placement
Demographics for 22315, VA
28,184
Population
11,660
Households
2.4
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
5.5 sq mi
ZIP Area
5,124
Density / Sq Mi
$156,230
Median Household Income
$89,478
Median Earnings
$2,396
Median Rent
$609,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The single-level layout joins kitchen, dining, and living spaces around a fireplace.
Where is this residential income property located?
The property is located at 6974 ELLINGHAM CIRCLE Unit D Alexandria, VA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 1,053‑square‑foot, single‑level condominium built in 1991; Two bedrooms and two full bathrooms; Open kitchen, dining, and living areas with a fireplace
