Tenant-Occupied Studio
New
For Sale
$120,000
1011 ARLINGTON BOULEVARD N Unit 403, Arlington, VA 22209
An existing tenant holds a lease extending through April 6, 2027.
Property Size401 SF
Days on Market6
Property Features for 1011 ARLINGTON BOULEVARD N Unit 403
General Information
Standard status
Active
Size
401 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Taxes and HOA fees
Annual Taxes
$1,246
Building Details
Building Size
401 SF
Year Built
1955
Listing Agency:
Sweet Homes America Incorporated
Listed By:
Amber Williams · License #0225216413
(703) 944-3884
Source:
Kwcapitalproperties
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 3 at 2:38PM
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 Sweet Homes America Incorporated
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Investment Insights
Based on property information with market context.
This 401-square-foot studio co-op in River Place dates to 1955. The apartment has an updated kitchen, ample closet storage, and a large picture window. Recent interior work includes fresh paint and new carpet. It is occupied under a lease through April 6, 2027.
River Place is a gated cooperative community in Rosslyn with an outdoor pool, jacuzzi, fitness center, sauna, steam room, grilling area, party room, bicycle storage, laundry facilities, concierge service, package handling, and 24-hour gated security. The Rosslyn Metro station is about a five-minute walk away and serves the Orange, Silver, and Blue Lines. Nearby shops and restaurants include Safeway, Target, CVS, Chipotle, and District Taco.
River Place is a gated cooperative community in Rosslyn with an outdoor pool, jacuzzi, fitness center, sauna, steam room, grilling area, party room, bicycle storage, laundry facilities, concierge service, package handling, and 24-hour gated security. The Rosslyn Metro station is about a five-minute walk away and serves the Orange, Silver, and Blue Lines. Nearby shops and restaurants include Safeway, Target, CVS, Chipotle, and District Taco.
Key Highlights
- 401‑square‑foot studio apartment
- Tenant lease runs through April 6, 2027
- Updated kitchen, large picture window, and generous closet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,034
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,680
$120.7K
Cap Rate 7%
$86,200
$86.2K
Cap Rate 9%
$67,044
$67.0K
Market Conditions
NOI Build-Up for 401 SF
Gross rent
$11.5K $28.80/SF
− Vacancy
−$577 −$1.44/SF
EGI
$11.0K $27.36/SF
− OpEx
−$4.9K −$12.31/SF
NOI
$6.0K $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%
$120,680
Cap Rate 7%
$86,200
Cap Rate 9%
$67,044
Alternative Uses
Best Use
Apartment 5plus
$86.2K
$75.4K – $100.6K
NOI $6,034 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$222.7K
$194.9K – $259.9K
NOI $15,591 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,278
Businesses Nearby
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Business Placement
Demographics for 22209, VA
14,859
Population
9,261
Households
1.6
Avg Household Size
33
Median Age
86%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
21,227
Density / Sq Mi
$110,824
Median Household Income
$83,221
Median Earnings
$2,171
Median Rent
$799,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An existing tenant holds a lease extending through April 6, 2027.
Where is this residential income property located?
The property is located at 1011 ARLINGTON BOULEVARD N Unit 403 Arlington, VA.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 401‑square‑foot studio apartment; Tenant lease runs through April 6, 2027; Updated kitchen, large picture window, and generous closet storage
