Two-Bedroom Residential Income
For Sale
$585,000
1101 S ARLINGTON RIDGE ROAD Unit 212, Arlington, VA 22202
Light-filled condo with private balcony, updated kitchen finishes, garage parking, storage, and access to extensive resident amenities.
Property Size1,594 SF
Price / SF$367
Days on Market76
Property Features for 1101 S ARLINGTON RIDGE ROAD Unit 212
General Information
Standard status
Active
Size
1,594 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Ridge
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,075
Amenities
pool
sauna
concierge
fitness center
party room
business suite
storage
Building Details
Building Size
1,594 SF
Year Built
1976
Listing Agency:
KW Metro Center
Listed By:
Marybeth G Fraser · License #00225205489
(703) 798-1803
Source:
Barnesrealestatecompany
Added: Aug 21
Changed: Oct 31
Last Checked: Nov 3 at 2:39PM
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
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Investment Insights
Based on property information with market context.
Unit 212 is a 1,594-square-foot residential income property with two bedrooms, two and a half baths, and a curved entry opening into a bright living area. The home includes a private balcony, separate dining room, in-unit laundry hookups, dedicated garage parking, and private storage. Recent interior features include light pewter paint, luxury vinyl plank flooring, new stainless-steel appliances, white cabinetry, and Corian countertops. The primary suite adds three walk-in closets and a marble ensuite bath.
Resident amenities include a concierge, fitness area, sauna, resort-style pool, party room, business suite, and a lobby. The property is across from Westpost, an open-air retail and dining village anchored by a grocery store and Target. Pentagon City mall and the Metro are a few blocks away, while Reagan National Airport is minutes down the parkway. A nearby neighborhood park provides tennis, pickleball, playgrounds, and open lawn, with riverfront trail access extending toward Old Town Alexandria and Washington.
Resident amenities include a concierge, fitness area, sauna, resort-style pool, party room, business suite, and a lobby. The property is across from Westpost, an open-air retail and dining village anchored by a grocery store and Target. Pentagon City mall and the Metro are a few blocks away, while Reagan National Airport is minutes down the parkway. A nearby neighborhood park provides tennis, pickleball, playgrounds, and open lawn, with riverfront trail access extending toward Old Town Alexandria and Washington.
Key Highlights
- 1,594‑square‑foot unit with two bedrooms and two and a half baths
- Private balcony and light‑filled living area
- Kitchen with new stainless‑steel appliances, white cabinetry, and Corian countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,987
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
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
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 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 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$885.4K
$774.7K – $1.03M
NOI $61,975 @ 7.0% cap · market cap 10.59%
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
1,324
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Light-filled condo with private balcony, updated kitchen finishes, garage parking, storage, and access to extensive resident amenities.
Where is this residential income property located?
The property is located at 1101 S ARLINGTON RIDGE ROAD Unit 212 Arlington, VA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,594‑square‑foot unit with two bedrooms and two and a half baths; Private balcony and light‑filled living area; Kitchen with new stainless‑steel appliances, white cabinetry, and Corian countertops
