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 Market31
Property Features for 1101 S ARLINGTON RIDGE ROAD Unit 212
General Information
Standard status
Active
Size
1,594 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
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: Sep 18
Last Checked: Sep 19 at 10:24AM
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 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 = 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
4.10%
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 4.10%
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.
Property Analytics
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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
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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
