Studio Cooperative
For Sale
$134,950
1011 ARLINGTON BOULEVARD Unit 228, Arlington, VA 22209
The second-floor unit has southeastern exposure and partial views of Washington, D.C., monuments.
Property Size401 SF
Price / SF$336.53
Days on Market8
Property Features for 1011 ARLINGTON BOULEVARD Unit 228
General Information
Standard status
Active
Size
401 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,244
Building Details
Building Size
401 SF
Year Built
1955
Listing Agency:
Vibo Realty & Management LLC
Listed By:
Richard Villegas · License #0225233149
(202) 864-9400
Source:
Kwcapitalproperties
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 3 at 3:28PM
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 Vibo Realty & Management LLC
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Investment Insights
Based on property information with market context.
This second-floor studio at River Place South measures 401 sq. ft. and has laminate flooring throughout. Southeastern exposure brings natural light into the unit, with partial views of Washington, D.C., monuments. Built in 1955, the property has a cooperative fee that includes electricity, gas, water, central heating, and air conditioning.
River Place South is in Rosslyn, near the Rosslyn Metro and public transportation. Georgetown, downtown Washington, D.C., the Pentagon, National Landing, and Reagan National Airport are also identified as nearby destinations.
River Place South is in Rosslyn, near the Rosslyn Metro and public transportation. Georgetown, downtown Washington, D.C., the Pentagon, National Landing, and Reagan National Airport are also identified as nearby destinations.
Key Highlights
- 401 sq. ft. studio on the second floor
- Southeastern exposure and partial views of Washington, D.C., monuments
- Laminate flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,034
Cap Rate
4.47%
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 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$222.7K
$194.9K – $259.9K
NOI $15,591 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,278
Businesses Nearby
Explore this area
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 - The second-floor unit has southeastern exposure and partial views of Washington, D.C., monuments.
Where is this residential income property located?
The property is located at 1011 ARLINGTON BOULEVARD Unit 228 Arlington, VA.
What is the asking price?
The asking price for this property is $134,950.
What are key features of this property?
This property features: 401 sq. ft. studio on the second floor; Southeastern exposure and partial views of Washington, D.C., monuments; Laminate flooring throughout
