Two-Story Residential Income
For Sale
$650,000
Pending
1029 N STUART STREET Unit 719, Arlington, VA 22201
Corner condominium with a private balcony, in-unit laundry, and access to an outdoor pool and community room.
Property Size1,286 SF
Days on Market13
Property Features for 1029 N STUART STREET Unit 719
General Information
Standard status
Pending
Size
1,286 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,615
Amenities
community party room
outdoor pool
in-unit laundry
private balcony
Building Details
Building Size
1,286 SF
Year Built
1985
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Amy D Faulconer · License #0225207918
(301) 980-6013
Source:
Barnesrealestatecompany
Added: Oct 9
Changed: Oct 17
Last Checked: Oct 21 at 6:13AM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1985, this top-floor corner condominium spans two levels and includes two bedrooms and two full bathrooms. The main floor has an updated kitchen with breakfast bar, living and dining areas, and a private balcony. Upstairs, the primary suite features a walk-in closet. In-unit laundry and a corner garage parking space are also included. The residence has high ceilings, a skylight, large windows, luxury vinyl plank flooring, and updated bathrooms.
The property is in Ballston, Arlington, near Metro service, shops, restaurants, Quincy Park, and I-66. Building amenities include an elevator, a community room, and an outdoor pool.
The property is in Ballston, Arlington, near Metro service, shops, restaurants, Quincy Park, and I-66. Building amenities include an elevator, a community room, and an outdoor pool.
Key Highlights
- Two bedrooms and two full bathrooms across two levels
- Top‑floor corner condominium with skylight and high ceilings
- Private balcony with views of the National Cathedral
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,352
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,040
$387.0K
Cap Rate 7%
$276,457
$276.5K
Cap Rate 9%
$215,022
$215.0K
Market Conditions
NOI Build-Up for 1,286 SF
Gross rent
$37.0K $28.80/SF
− Vacancy
−$1.9K −$1.44/SF
EGI
$35.2K $27.36/SF
− OpEx
−$15.8K −$12.31/SF
NOI
$19.4K $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%
$387,040
Cap Rate 7%
$276,457
Cap Rate 9%
$215,022
Alternative Uses
Best Use
Apartment 5plus
$276.5K
$241.9K – $322.5K
NOI $19,352 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$714.3K
$625.0K – $833.3K
NOI $50,000 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,550
Businesses Nearby
Explore this area
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 - Corner condominium with a private balcony, in-unit laundry, and access to an outdoor pool and community room.
Where is this residential income property located?
The property is located at 1029 N STUART STREET Unit 719 Arlington, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms across two levels; Top‑floor corner condominium with skylight and high ceilings; Private balcony with views of the National Cathedral
