Two-Bedroom Residential Income
For Sale
$599,900
Pending
1029 N STUART STREET Unit 107, Arlington, VA 22201
Updated corner residence features a private patio and direct access to nearby urban amenities.
Property Size1,172 SF
Days on Market21
Property Features for 1029 N STUART STREET Unit 107
General Information
Standard status
Pending
Size
1,172 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ballston - Virginia Square
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,378
Amenities
private balcony
Building Details
Building Size
1,172 SF
Year Built
1985
Listing Agency:
Real Broker, LLC - Arlington
Listed By:
Shawn R Battle · License #0225080651
(703) 999-8108
Source:
Canopy-re
Added: Oct 15
Changed: Nov 2
Last Checked: Nov 4 at 6:16AM
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 Real Broker, LLC - Arlington
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Investment Insights
Based on property information with market context.
This 1,172-square-foot, two-bedroom, two-bath corner residence in Summerwalk West was built in 1985. Interior features include engineered hardwood flooring, recessed lighting, large windows and an open living and dining area. The renovated kitchen has granite countertops, stainless steel appliances, soft-close cabinetry, pantry storage and a breakfast bar. Both bathrooms have been updated, and the primary suite includes a double vanity and glass-enclosed shower.
A large private patio extends the living area outdoors, with glass-panel railings and mature trees surrounding the space. Ballston Metro is across the street; Ballston Quarter, restaurants, shops, Quincy Park and the library are nearby.
A large private patio extends the living area outdoors, with glass-panel railings and mature trees surrounding the space. Ballston Metro is across the street; Ballston Quarter, restaurants, shops, Quincy Park and the library are nearby.
Key Highlights
- 1,172 square feet with two bedrooms and two bathrooms
- Corner residence in Summerwalk West, built in 1985
- Large private patio with glass‑panel railings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,636
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,720
$352.7K
Cap Rate 7%
$251,943
$251.9K
Cap Rate 9%
$195,956
$196.0K
Market Conditions
NOI Build-Up for 1,172 SF
Gross rent
$33.8K $28.80/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$32.1K $27.36/SF
− OpEx
−$14.4K −$12.31/SF
NOI
$17.6K $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%
$352,720
Cap Rate 7%
$251,943
Cap Rate 9%
$195,956
Alternative Uses
Best Use
Apartment 5plus
$251.9K
$220.5K – $293.9K
NOI $17,636 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$651.0K
$569.6K – $759.5K
NOI $45,567 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,550
Businesses Nearby
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Business Placement
Demographics for 22201, VA
39,331
Population
21,787
Households
1.8
Avg Household Size
32
Median Age
86%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
17,100
Density / Sq Mi
$141,736
Median Household Income
$89,508
Median Earnings
$2,468
Median Rent
$760,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated corner residence features a private patio and direct access to nearby urban amenities.
Where is this residential income property located?
The property is located at 1029 N STUART STREET Unit 107 Arlington, VA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1,172 square feet with two bedrooms and two bathrooms; Corner residence in Summerwalk West, built in 1985; Large private patio with glass‑panel railings
