Renovated Residential Income
For Sale
$679,000
1101 S ARLINGTON RIDGE ROAD Unit 1109, Arlington, VA 22202
High-floor condominium residence with extensive updates, private storage, garage parking, and access to community amenities.
Property Size1,583 SF
Days on Market71
Property Features for 1101 S ARLINGTON RIDGE ROAD Unit 1109
General Information
Standard status
Active
Size
1,583 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,349
Amenities
concierge
fitness center
sauna
outdoor pool
community room
herb gardens
covered balcony
Building Details
Building Size
1,583 SF
Year Built
1976
Listing Agency:
Weichert, REALTORS
Listed By:
David A Lloyd Jr. · License #0225043419
(703) 593-3204
Source:
Barnesrealestatecompany
Added: Jun 25
Changed: Aug 31
Last Checked: Sep 1 at 10:37PM
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 Weichert, REALTORS
Investment Insights
Based on property information with market context.
This 11th-floor condominium residence provides approximately 1,600 square feet with two bedrooms, two full baths, and one half bath. The layout includes a foyer, formal dining room, kitchen, large living room, and a primary suite with multiple closets, a walk-in closet, and a separate vanity area. A flexible second bedroom connects to the living area through pocket doors and can also function as an office, den, library, or guest space. Renovations include remodeled baths, an updated kitchen, new interior doors and hardware, a 2024 electrical panel, 2024 washer and dryer, a 2025 sliding glass door, a 2025 oversized bedroom window, 2019 carpeting, and a 2019 Bosch HVAC system.
Outdoor space includes a covered balcony with views toward the Washington Monument and Capitol Dome. The property also includes an assigned garage parking space, an oversized private storage room on the residence floor, and a second storage bin. Community amenities include concierge service, landscaped grounds, a remodeled fitness center, sauna, outdoor pool, community room, resident events, and herb gardens. The residence is near Pentagon City, Crystal City, Amazon HQ2, the Pentagon, Metro, Reagan National Airport, and downtown Washington, D.C.
Outdoor space includes a covered balcony with views toward the Washington Monument and Capitol Dome. The property also includes an assigned garage parking space, an oversized private storage room on the residence floor, and a second storage bin. Community amenities include concierge service, landscaped grounds, a remodeled fitness center, sauna, outdoor pool, community room, resident events, and herb gardens. The residence is near Pentagon City, Crystal City, Amazon HQ2, the Pentagon, Metro, Reagan National Airport, and downtown Washington, D.C.
Key Highlights
- Approximately 1,600 SF, 11th‑floor condominium with two bedrooms and 2 1/2 baths
- Renovations include a 2024 electrical panel, 2024 washer and dryer, and 2025 glass door and bedroom window
- Assigned garage parking plus an oversized private storage room and second storage bin
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
$23,821
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
3.51%
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%
$476,420
$476.4K
Cap Rate 7%
$340,300
$340.3K
Cap Rate 9%
$264,678
$264.7K
Market Conditions
NOI Build-Up for 1,583 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
$45.6K $28.80/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$43.3K $27.36/SF
− OpEx
−$19.5K −$12.31/SF
NOI
$23.8K $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%
$476,420
Cap Rate 7%
$340,300
Cap Rate 9%
$264,678
Alternative Uses
Best Use
Apartment 5plus
$340.3K
$297.8K – $397.0K
NOI $23,821 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$879.2K
$769.3K – $1.03M
NOI $61,547 @ 7.0% cap · market cap 9.06%
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 - High-floor condominium residence with extensive updates, private storage, garage parking, and access to community amenities.
Where is this residential income property located?
The property is located at 1101 S ARLINGTON RIDGE ROAD Unit 1109 Arlington, VA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Approximately 1,600 SF, 11th‑floor condominium with two bedrooms and 2 1/2 baths; Renovations include a 2024 electrical panel, 2024 washer and dryer, and 2025 glass door and bedroom window; Assigned garage parking plus an oversized private storage room and second storage bin
