Renovated Studio Income
For Sale
$165,000
1011 ARLINGTON BOULEVARD Unit 501, Arlington, VA 22209
Renovated cooperative studio with upgraded finishes, natural light, and building-wide Wi-Fi.
Property Size463 SF
Price / SF$356.37
Days on Market63
Property Features for 1011 ARLINGTON BOULEVARD Unit 501
General Information
Standard status
Active
Size
463 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,488
Building Details
Building Size
463 SF
Year Built
1955
Listing Agency:
EXP Realty, LLC
(703) 624-1728
Listed By:
Patrick H Giannelli · License #0225099552
(703) 624-1728
Source:
Kwcapitalproperties
Added: Jun 4
Changed: Aug 5
Last Checked: Aug 5 at 7:07AM
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, LLC
Investment Insights
Based on property information with market context.
This renovated 5th-floor studio at River Place South offers 463 square feet of living space with a practical, open layout. The kitchen includes Emerald White Vita shaker cabinetry, Italian Smeg appliances, Brazilian Silver Gray granite countertops, and a white ceramic subway tile backsplash. The bathroom has been updated with matching tile, contemporary lighting, new fixtures, and a modern mirror. Light-toned laminate flooring and abundant natural light extend throughout the residence.
River Place is a cooperative community set across 13 landscaped acres. Cooperative fees include water, electricity, gas, central heating and air conditioning, along with building-wide Wi-Fi. The property also offers views toward the Washington, D.C. skyline, including the Lincoln Memorial, Washington Monument, United States Capitol, Jefferson Memorial, and Potomac River. River Place South was built in 1955.
River Place is a cooperative community set across 13 landscaped acres. Cooperative fees include water, electricity, gas, central heating and air conditioning, along with building-wide Wi-Fi. The property also offers views toward the Washington, D.C. skyline, including the Lincoln Memorial, Washington Monument, United States Capitol, Jefferson Memorial, and Potomac River. River Place South was built in 1955.
Key Highlights
- Renovated 5th‑floor studio at River Place South
- 463 square feet of living space
- Kitchen with Smeg appliances, shaker cabinetry, and granite countertops
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.3k | $28.80 |
| − Vacancy | −$667 | −$1.44 |
| EGI | $12.7k | $27.36 |
| − OpEx | −$5.7k | −$12.31 |
| NOI | $7.0k | $15.05 |
463 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$99.5K
$87.1K – $116.1K
NOI $6,967 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$257.2K
$225.0K – $300.0K
NOI $18,001 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated cooperative studio with upgraded finishes, natural light, and building-wide Wi-Fi.
Where is this residential income property located?
The property is located at 1011 ARLINGTON BOULEVARD Unit 501 Arlington, VA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Renovated 5th‑floor studio at River Place South; 463 square feet of living space; Kitchen with Smeg appliances, shaker cabinetry, and granite countertops
