Residential Income Property with
New
For Sale
$375,000
6984 ELLINGHAM CIRCLE Unit D, Alexandria, VA 22315
The two-bedroom condo includes a fireplace, in-unit laundry, and a private outdoor space facing trees.
Property Size1,053 SF
Days on Market7
Property Features for 6984 ELLINGHAM CIRCLE Unit D
General Information
Standard status
Active
Size
1,053 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,333
Amenities
fireplace
balcony
in-unit washer/dryer
community pools
fitness centers
sports courts
community centers
walking trails
tot lots
Building Details
Building Size
1,053 SF
Year Built
1991
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Cynthia Schneider · License #0225136582
(703) 822-0207
Source:
Dcmetrorealtyteam
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 19 at 4:15PM
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 Long & Foster Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-bedroom Augusta-model condo has an open living area, 9-foot ceilings, and a fireplace. A private balcony faces a tree-lined setting. The primary bedroom includes a walk-in closet and ensuite bath; a second bedroom sits beside another full bathroom. The unit also has an in-unit washer and dryer, and its water heater was replaced in 2026. The interior was recently painted.
Kingstowne amenities include pools, fitness centers, sports courts, community centers, walking trails, and tot lots. The property is near major commuter routes, two town centers, Fort Belvoir, Metro, and Old Town Alexandria.
Kingstowne amenities include pools, fitness centers, sports courts, community centers, walking trails, and tot lots. The property is near major commuter routes, two town centers, Fort Belvoir, Metro, and Old Town Alexandria.
Key Highlights
- Two‑bedroom Augusta model condo
- 9‑foot ceilings and fireplace in the living area
- Private balcony with tree views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,142
Cap Rate
4.30%
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 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$584.9K
$511.8K – $682.4K
NOI $40,941 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
798
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom condo includes a fireplace, in-unit laundry, and a private outdoor space facing trees.
Where is this residential income property located?
The property is located at 6984 ELLINGHAM CIRCLE Unit D Alexandria, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑bedroom Augusta model condo; 9‑foot ceilings and fireplace in the living area; Private balcony with tree views
