Condominium Residence with Private
For Sale
$550,000
1016 S WAYNE STREET Unit T-12, Arlington, VA 22204
Updated interiors pair with in-unit laundry, assigned garage parking, and a private storage unit.
Property Size1,267 SF
Price / SF$434.10
Days on Market10
Property Features for 1016 S WAYNE STREET Unit T-12
General Information
Standard status
Active
Size
1,267 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Highway Access
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$5,043
Amenities
concierge service
outdoor swimming pool
fitness center
sauna
library
common terrace
bike storage
in-unit laundry
Building Details
Building Size
1,267 SF
Year Built
1982
Listing Agency:
KW Metro Center
Listed By:
Norman G Odeneal II · License #0225088276
(703) 587-0945
Source:
Kerishull
Added: Oct 26
Changed: Nov 4
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 KW Metro Center
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Investment Insights
Based on property information with market context.
This 1,267-square-foot condominium at The Barkley has ceramic tile flooring, open living and dining areas, and a private brick-walled terrace measuring 40 feet. The kitchen features quartz countertops, stainless steel KitchenAid appliances, and new cabinetry. The primary suite has floor-to-ceiling windows, an updated en-suite bath, and a walk-in closet. New windows and sliding glass doors were installed in 2025, and the HVAC system dates to June 2024. In-unit laundry, an assigned garage parking space, and a private storage unit are included.
Building amenities include concierge service, an outdoor pool, fitness center, sauna, library, bike storage, and a common terrace. The property is next to Giant Food along the Columbia Pike corridor, with access to Arlington Boulevard, Glebe Road, I-395, and I-66. The Pentagon, Pentagon City, Amazon HQ2, National Landing, Old Town Alexandria, the Clarendon-Rosslyn corridor, Washington, D.C., and Ronald Reagan Washington National Airport are among the listed destinations.
Building amenities include concierge service, an outdoor pool, fitness center, sauna, library, bike storage, and a common terrace. The property is next to Giant Food along the Columbia Pike corridor, with access to Arlington Boulevard, Glebe Road, I-395, and I-66. The Pentagon, Pentagon City, Amazon HQ2, National Landing, Old Town Alexandria, the Clarendon-Rosslyn corridor, Washington, D.C., and Ronald Reagan Washington National Airport are among the listed destinations.
Key Highlights
- Private brick‑walled terrace measuring 40 feet
- 1,267‑square‑foot condominium with updated kitchen and en‑suite bath
- Windows and sliding glass doors installed in 2025; HVAC installed in June 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,066
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,320
$381.3K
Cap Rate 7%
$272,371
$272.4K
Cap Rate 9%
$211,844
$211.8K
Market Conditions
NOI Build-Up for 1,267 SF
Gross rent
$36.5K $28.80/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$34.7K $27.36/SF
− OpEx
−$15.6K −$12.31/SF
NOI
$19.1K $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%
$381,320
Cap Rate 7%
$272,371
Cap Rate 9%
$211,844
Alternative Uses
Best Use
Apartment 5plus
$272.4K
$238.3K – $317.8K
NOI $19,066 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$703.7K
$615.8K – $821.0K
NOI $49,261 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 22204, VA
52,761
Population
24,128
Households
2.2
Avg Household Size
35
Median Age
62%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
12,869
Density / Sq Mi
$109,277
Median Household Income
$73,091
Median Earnings
$1,871
Median Rent
$672,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors pair with in-unit laundry, assigned garage parking, and a private storage unit.
Where is this residential income property located?
The property is located at 1016 S WAYNE STREET Unit T-12 Arlington, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Private brick‑walled terrace measuring 40 feet; 1,267‑square‑foot condominium with updated kitchen and en‑suite bath; Windows and sliding glass doors installed in 2025; HVAC installed in June 2024
