Residential Income Property with
For Sale
$389,000
6974 ELLINGHAM CIR #D, Alexandria, VA 22315
ALEXANDRIA, VA
Property Size1,053 SF
Price / SF$369.42
Days on Market9
Property Features for 6974 ELLINGHAM CIR #D
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1
Subdivision
ETON SQUARE
Elementary school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Middle school district
FAIRFAX COUNTY PUBLIC SCHOOLS
High school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
outdoor pools
tennis courts
recreational center
bike trails
jogging paths
fireplace
walk-in closet
recessed lighting
breakfast area
built-in microwave
dishwasher
front-loading washer and dryer
Building Details
Year built
1991
Listing Agency:
McLean
(703) 790-1990
Listed By:
Carlos Vera
(703) 955-0669
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 6 at 9:06AM
MLS# VAFX2342648
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-level condo offers approximately 1,053 square feet, with an open kitchen, dining, and living area and a fireplace. The layout includes two bedrooms, two full bathrooms, a walk-in closet, and a breakfast area. Nine-foot ceilings and recessed lighting are also featured, along with a built-in microwave, dishwasher, and front-loading washer and dryer.
Community amenities include outdoor pools, tennis courts, and a recreation center. Nearby outdoor options include bike trails and jogging paths. A bus stop is less than a mile away, and an airport is within 10 miles.
Community amenities include outdoor pools, tennis courts, and a recreation center. Nearby outdoor options include bike trails and jogging paths. A bus stop is less than a mile away, and an airport is within 10 miles.
Key Highlights
- Single‑level condo with approximately 1,053 square feet
- Two bedrooms and two full bathrooms
- Nine‑foot ceilings, fireplace, and walk‑in closet
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.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
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 - A single-level residence combines an open kitchen, dining, and living area with two bedrooms and two full bathrooms.
Where is this residential income property located?
The property is located at 6974 ELLINGHAM CIR #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: Single‑level condo with approximately 1,053 square feet; Two bedrooms and two full bathrooms; Nine‑foot ceilings, fireplace, and walk‑in closet
