Residential Income Property with
1045 N UTAH STREET Unit 2-210, Arlington, VA 22201
For Sale
$560,000
A two-bedroom condominium pairs updated flooring and kitchen countertops with two assigned parking spaces.
Property Size1,281 SF
Days on Market98
Property Features for 1045 N UTAH STREET Unit 2-210
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Romi Satoh · License VA #0225103194
(202) 262-9868
Source:
Barnesrealestatecompany
Added: Aug 9
Changed: Nov 13
Last Checked: Nov 12 at 5:08PM
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
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath condominium includes an open living and dining area and a sunroom extending along the length of the home. Flooring and kitchen countertops were recently installed, while the kitchen and bathroom cabinetry has been maintained. The property was built in 1994 and is being sold as-is.
The residence is in Ballston, minutes from the Ballston Metro, shopping, restaurants, parks, and major commuter routes. Two assigned parking spaces, numbered 144 and 146, are included.
The residence is in Ballston, minutes from the Ballston Metro, shopping, restaurants, parks, and major commuter routes. Two assigned parking spaces, numbered 144 and 146, are included.
Key Highlights
- Two‑bedroom, two‑bath condominium with a full‑length sunroom
- Recently installed flooring and kitchen countertops
- Two assigned parking spaces: #144 and #146
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,276
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
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
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 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 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$711.5K
$622.6K – $830.1K
NOI $49,805 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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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 - A two-bedroom condominium pairs updated flooring and kitchen countertops with two assigned parking spaces.
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 $560,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with a full‑length sunroom; Recently installed flooring and kitchen countertops; Two assigned parking spaces: #144 and #146
