Residential Income Property with
For Sale
$580,000
1045 N UTAH STREET Unit 2-210, Arlington, VA 22201
Two-bedroom condominium with flexible enclosed living space, updated flooring, refreshed countertops, and assigned parking.
Property Size1,281 SF
Price / SF$452.77
Days on Market33
Property Features for 1045 N UTAH STREET Unit 2-210
General Information
Standard status
Active
Size
1,281 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,692
Building Details
Building Size
1,281 SF
Year Built
1994
Listing Agency:
Samson Properties
Listed By:
Romi Satoh · License #225103194
(202) 262-9868
Source:
Kerishull
Added: Aug 9
Changed: Sep 4
Last Checked: Sep 10 at 7:49AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This residential income property is a 1,281-square-foot condominium with two bedrooms, two bathrooms, and an expansive sunroom extending across the home. The main living and dining areas connect with the sunroom, while recently installed flooring and new kitchen countertops provide refreshed interior finishes. Well-maintained cabinetry remains in the kitchen and bathrooms, and the additional enclosed space can accommodate a home office, lounge, workspace, or entertaining area.
The property includes two assigned parking spaces, numbered 144 and 146. It was built in 1994 and is located at 1045 N Utah Street in Arlington, near Ballston Metro, shopping, restaurants, parks, and major commuter routes. The sale is strictly as-is.
The property includes two assigned parking spaces, numbered 144 and 146. It was built in 1994 and is located at 1045 N Utah Street in Arlington, near Ballston Metro, shopping, restaurants, parks, and major commuter routes. The sale is strictly as-is.
Key Highlights
- 1,281 SF condominium with 2 bedrooms and 2 bathrooms
- Sunroom spans the length of the residence and adds flexible enclosed space
- Recently installed flooring and new kitchen countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,276
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,520
$385.5K
Cap Rate 7%
$275,371
$275.4K
Cap Rate 9%
$214,178
$214.2K
Market Conditions
NOI Build-Up for 1,281 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.9K $28.80/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$35.0K $27.36/SF
− OpEx
−$15.8K −$12.31/SF
NOI
$19.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,520
Cap Rate 7%
$275,371
Cap Rate 9%
$214,178
Alternative Uses
Best Use
Apartment 5plus
$275.4K
$241.0K – $321.3K
NOI $19,276 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$711.5K
$622.6K – $830.1K
NOI $49,805 @ 7.0% cap · market cap 8.59%
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
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 - Two-bedroom condominium with flexible enclosed living space, updated flooring, refreshed countertops, and assigned parking.
Where is this residential income property located?
The property is located at 1045 N UTAH STREET Unit 2-210 Arlington, VA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 1,281 SF condominium with 2 bedrooms and 2 bathrooms; Sunroom spans the length of the residence and adds flexible enclosed space; Recently installed flooring and new kitchen countertops
