Residential Income Property with Monument
For Sale
$265,000
1011 ARLINGTON BOULEVARD Unit 942, Arlington, VA 22209
Updated condominium unit with panoramic landmark views, a private balcony, and access to extensive community amenities.
Property Size716 SF
Days on Market8
Property Features for 1011 ARLINGTON BOULEVARD Unit 942
General Information
Standard status
Active
Size
716 SF
Property subtype
Unit/Flat/Apartment
Financials
Gross Income
$30,000
Average Monthly Rent
$2,500
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,339
Amenities
outdoor swimming pool
jacuzzi
fitness center
sauna
steam room
outdoor grilling area
community party room
bike storage room
gated security
concierge
package service
large laundry room
private balcony
Building Details
Building Size
716 SF
Year Built
1955
Tenancy
Single
Listing Agency:
Sweet Homes America Incorporated
(703) 944-3884
Listed By:
Amber Williams · License #0225216413
(703) 944-3884
Source:
Kwcapitalproperties
Added: Jul 29
Changed: Aug 5
Last Checked: Aug 5 at 3:56AM
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
Investment Insights
Based on property information with market context.
This residential income property is a condominium unit completed in 1955, featuring two large picture windows and a private balcony oriented toward views of the Washington Monument, Lincoln Memorial, Jefferson Memorial, Capitol Building, Memorial Bridge, the Potomac River, Iwo Jima, the Pentagon, the Air Force Memorial, and the Netherlands Carillon. Interior improvements include an updated kitchen with granite countertops and stainless-steel appliances, along with a walk-in shower. Electricity, gas, and water are included in the current arrangement, and the unit is leased through October 31, 2026.
The property is located at 1011 Arlington Boulevard, Unit 942, in Arlington, Virginia. Rosslyn Metro’s Orange, Silver, and Blue lines are within a five-minute walk, providing direct service to the Pentagon, Reagan National Airport, Foggy Bottom, downtown Washington, DC, and Tysons Corner. Community amenities include an outdoor pool, jacuzzi, fitness center, sauna, steam room, grilling area, party room, bike storage, 24/7 gated security, concierge service, package handling, and a large laundry room.
The property is located at 1011 Arlington Boulevard, Unit 942, in Arlington, Virginia. Rosslyn Metro’s Orange, Silver, and Blue lines are within a five-minute walk, providing direct service to the Pentagon, Reagan National Airport, Foggy Bottom, downtown Washington, DC, and Tysons Corner. Community amenities include an outdoor pool, jacuzzi, fitness center, sauna, steam room, grilling area, party room, bike storage, 24/7 gated security, concierge service, package handling, and a large laundry room.
Key Highlights
- Panoramic views of major Washington, DC landmarks, the Potomac River, and surrounding monuments
- Private balcony and two large picture windows
- Updated kitchen with granite countertops and stainless‑steel appliances
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 | $20.6k | $28.80 |
| − Vacancy | −$1.0k | −$1.44 |
| EGI | $19.6k | $27.36 |
| − OpEx | −$8.8k | −$12.31 |
| NOI | $10.8k | $15.05 |
716 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$153.9K
$134.7K – $179.6K
NOI $10,774 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$397.7K
$348.0K – $464.0K
NOI $27,838 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
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 - Updated condominium unit with panoramic landmark views, a private balcony, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 1011 ARLINGTON BOULEVARD Unit 942 Arlington, VA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Panoramic views of major Washington, DC landmarks, the Potomac River, and surrounding monuments; Private balcony and two large picture windows; Updated kitchen with granite countertops and stainless‑steel appliances
