Two-Level Residential
For Sale
$435,000
1029 N STUART STREET Unit 523, Arlington, VA 22201
Updated kitchen and baths, in-unit laundry, and an assigned garage space serve this two-level home near the Ballston Metro.
Property Size830 SF
Price / SF$524.10
Days on Market48
Property Features for 1029 N STUART STREET Unit 523
General Information
Standard status
Active
Size
830 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ballston - Virginia Square
Public Transit
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$5,243
Building Details
Building Size
830 SF
Year Built
1985
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 12:01PM
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
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Investment Insights
Based on property information with market context.
This 830-square-foot, two-level condo was built in 1985 and has 1.5 baths. The kitchen and bathrooms have been renovated; wood floors, fresh paint, recessed lighting, crown molding in the living room, and a washer and dryer are also included. An assigned garage parking space conveys with the home.
The property is located approximately half a block from the Ballston Metro station. Upstairs space can accommodate a work area or sitting room.
The property is located approximately half a block from the Ballston Metro station. Upstairs space can accommodate a work area or sitting room.
Key Highlights
- Two‑level condo with 830 square feet and 1.5 baths
- Renovated kitchen and bathrooms, plus wood flooring and fresh paint
- Washer and dryer included; assigned garage space conveys
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,490
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,800
$249.8K
Cap Rate 7%
$178,429
$178.4K
Cap Rate 9%
$138,778
$138.8K
Market Conditions
NOI Build-Up for 830 SF
Gross rent
$23.9K $28.80/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$22.7K $27.36/SF
− OpEx
−$10.2K −$12.31/SF
NOI
$12.5K $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%
$249,800
Cap Rate 7%
$178,429
Cap Rate 9%
$138,778
Alternative Uses
Best Use
Apartment 5plus
$178.4K
$156.1K – $208.2K
NOI $12,490 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$461.0K
$403.4K – $537.8K
NOI $32,270 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 kitchen and baths, in-unit laundry, and an assigned garage space serve this two-level home near the Ballston Metro.
Where is this residential income property located?
The property is located at 1029 N STUART STREET Unit 523 Arlington, VA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two‑level condo with 830 square feet and 1.5 baths; Renovated kitchen and bathrooms, plus wood flooring and fresh paint; Washer and dryer included; assigned garage space conveys
