Residential Income Property with
For Sale
$595,000
1101 S ARLINGTON RIDGE ROAD #212, Arlington, VA 22202
Updated condominium residence with garage parking, private storage, and extensive shared amenities.
Property Size1,594 SF
Price / SF$373.27
Days on Market73
Property Features for 1101 S ARLINGTON RIDGE ROAD #212
General Information
Standard status
Active
Size
1,594 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24/7 concierge service
resort-style pool
sauna
fitness center
business suite
party room
complimentary laundry
professional on-site management
Security System
Heat Pump(s)
Washer/Dryer Hookups Only
Dishwasher
Disposal
Exhaust Fan
Icemaker
Oven - Self Cleaning
Oven/Range - Electric
Built-In Microwave
Built-In Range
Refrigerator
Stainless Steel Appliances
Deck, Cable TV Available, Electric Available, Sewer Available, Water Available
Building Details
Year Built
1976
Listing Agency:
KW Metro Center
(703) 798-1803
Listed By:
Marybeth Fraser · License #0225205489
(703) 798-1803
Source:
Kw
Added: Jun 20
Changed: Aug 30
Last Checked: Aug 30 at 7:14PM
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 KW Metro Center
Investment Insights
Based on property information with market context.
Unit 212 is a 1,594-square-foot condominium residence with two bedrooms, 2.5 baths, a curved entry foyer, and an open, light-filled living area. Floor-to-ceiling glass doors connect the interior to a private balcony. The kitchen includes stainless steel appliances, white cabinetry, and Corian countertops, while the separate dining room supports formal entertaining. The primary suite offers three walk-in closets and a marble-finished bath with double vanities, a tub/shower combination, and a separate glass-enclosed shower. The second bedroom has its own bath and can serve as guest, office, or creative space.
Additional features include a powder room, dedicated garage parking, private storage, complimentary laundry nearby, and hookups for optional in-unit laundry. Community amenities include 24/7 concierge service, a pool, sauna, fitness center, business suite, party room, and on-site management. The property is in South Arlington near Amazon HQ2, the Pentagon, Pentagon City Metro, Washington D.C., Old Town Alexandria, and Reagan National Airport. Built in 1976.
Additional features include a powder room, dedicated garage parking, private storage, complimentary laundry nearby, and hookups for optional in-unit laundry. Community amenities include 24/7 concierge service, a pool, sauna, fitness center, business suite, party room, and on-site management. The property is in South Arlington near Amazon HQ2, the Pentagon, Pentagon City Metro, Washington D.C., Old Town Alexandria, and Reagan National Airport. Built in 1976.
Key Highlights
- 1,594‑square‑foot unit with 2 bedrooms and 2.5 baths
- Private balcony accessed through floor‑to‑ceiling glass doors
- Primary suite includes 3 walk‑in closets and a marble‑finished bathroom
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
$23,987
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
4.03%
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%
$479,740
$479.7K
Cap Rate 7%
$342,671
$342.7K
Cap Rate 9%
$266,522
$266.5K
Market Conditions
NOI Build-Up for 1,594 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
$45.9K $28.80/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$43.6K $27.36/SF
− OpEx
−$19.6K −$12.31/SF
NOI
$24.0K $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%
$479,740
Cap Rate 7%
$342,671
Cap Rate 9%
$266,522
Alternative Uses
Best Use
Apartment 5plus
$342.7K
$299.8K – $399.8K
NOI $23,987 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$885.4K
$774.7K – $1.03M
NOI $61,975 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 22202, VA
28,472
Population
18,110
Households
1.6
Avg Household Size
35
Median Age
84%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
7,301
Density / Sq Mi
$141,933
Median Household Income
$92,818
Median Earnings
$2,448
Median Rent
$838,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with garage parking, private storage, and extensive shared amenities.
Where is this residential income property located?
The property is located at 1101 S ARLINGTON RIDGE ROAD #212 Arlington, VA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,594‑square‑foot unit with 2 bedrooms and 2.5 baths; Private balcony accessed through floor‑to‑ceiling glass doors; Primary suite includes 3 walk‑in closets and a marble‑finished bathroom
