One-Bedroom
New
For Sale
$164,900
1011 ARLINGTON BOULEVARD Unit 208, Arlington, VA 22209
Residents have access to covered parking and shared community amenities, including a pool and fitness center.
Property Size572 SF
Days on Market2
Property Features for 1011 ARLINGTON BOULEVARD Unit 208
General Information
Standard status
Active
Size
572 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,443
Amenities
swimming pool
fitness center
party room
picnic area
concierge service
security gate
beauty salon
convenience store
Building Details
Building Size
572 SF
Year Built
1955
Construction
Art Deco
Listing Agency:
Coldwell Banker Realty
Listed By:
Natalya Ogorodnikova · License #0225242115
(301) 793-8027
Source:
Kwcapitalproperties
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:57AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This one-bedroom apartment has a layout that accommodates separate living and dining areas. Built-in bedroom furniture adds storage and function, while the bathroom has been updated. A covered parking space is included. The building was constructed in 1955.
River Place provides residents with a swimming pool, fitness center, party room, picnic area, beauty salon, and convenience store. Community services include concierge support, gated security, and on-site property management. The grounds are landscaped, and the community has views of the river.
River Place provides residents with a swimming pool, fitness center, party room, picnic area, beauty salon, and convenience store. Community services include concierge support, gated security, and on-site property management. The grounds are landscaped, and the community has views of the river.
Key Highlights
- One‑bedroom apartment with built‑in bedroom furniture
- Updated bathroom and covered parking space included
- Building constructed in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,607
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,140
$172.1K
Cap Rate 7%
$122,957
$123.0K
Cap Rate 9%
$95,633
$95.6K
Market Conditions
NOI Build-Up for 572 SF
Gross rent
$16.5K $28.80/SF
− Vacancy
−$824 −$1.44/SF
EGI
$15.6K $27.36/SF
− OpEx
−$7.0K −$12.31/SF
NOI
$8.6K $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%
$172,140
Cap Rate 7%
$122,957
Cap Rate 9%
$95,633
Alternative Uses
Best Use
Apartment 5plus
$123.0K
$107.6K – $143.5K
NOI $8,607 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$317.7K
$278.0K – $370.7K
NOI $22,239 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to covered parking and shared community amenities, including a pool and fitness center.
Where is this residential income property located?
The property is located at 1011 ARLINGTON BOULEVARD Unit 208 Arlington, VA.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: One‑bedroom apartment with built‑in bedroom furniture; Updated bathroom and covered parking space included; Building constructed in 1955
