Residential Income Property with
For Sale
$560,000
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$437.16
Days on Market59
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: Oct 5
Last Checked: Oct 5 at 11:55PM
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 / 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.
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 $560,000.
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
