Two-Bedroom Residential Income
For Sale
$619,900
1101 S ARLINGTON RIDGE ROAD Unit 304, Arlington, VA 22202
Updated condo residence with a private balcony, garage parking, storage, and extensive shared amenities.
Property Size1,603 SF
Price / SF$386.71
Days on Market58
Property Features for 1101 S ARLINGTON RIDGE ROAD Unit 304
General Information
Standard status
Active
Size
1,603 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,988
Amenities
concierge
pool
sauna
fitness center
business suite
party room
on-site management
Building Details
Building Size
1,603 SF
Year Built
1976
Listing Agency:
KW Metro Center
Listed By:
Phyllis B Papkin · License #0225051289
(571) 259-3917
Source:
Kerishull
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 15 at 4:56AM
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 residence with 2 bedrooms and 2.5 baths. Recent improvements include light pewter paint, luxury vinyl plank flooring, and new stainless-steel kitchen appliances. The kitchen also offers white cabinetry and Corian countertops, while the separate dining room expands the entertaining area. A curved foyer opens to a bright living space with floor-to-ceiling glass doors leading to a private balcony. The primary suite includes three walk-in closets and an ensuite marble bath with double vanities, a tub/shower combination, and a glass-enclosed shower. The second bedroom has its own ensuite bath and can serve as guest, office, or creative space.
The property includes dedicated garage parking, private storage, complimentary laundry nearby, and existing hookups for optional in-unit laundry. Shared amenities include 24/7 concierge service, a resort-style pool, sauna, fitness center, business suite, party room, and on-site management. The residence is near Amazon HQ2, the Pentagon, Pentagon City Metro, Washington, D.C., Old Town Alexandria, and Reagan National Airport.
The property includes dedicated garage parking, private storage, complimentary laundry nearby, and existing hookups for optional in-unit laundry. Shared amenities include 24/7 concierge service, a resort-style pool, sauna, fitness center, business suite, party room, and on-site management. The residence is near Amazon HQ2, the Pentagon, Pentagon City Metro, Washington, D.C., Old Town Alexandria, and Reagan National Airport.
Key Highlights
- 1,594‑square‑foot residence with 2 bedrooms and 2.5 baths
- Private balcony accessed through floor‑to‑ceiling glass doors
- Primary suite includes three walk‑in closets and an ensuite marble bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,122
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,440
$482.4K
Cap Rate 7%
$344,600
$344.6K
Cap Rate 9%
$268,022
$268.0K
Market Conditions
NOI Build-Up for 1,603 SF
Gross rent
$46.2K $28.80/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$43.9K $27.36/SF
− OpEx
−$19.7K −$12.31/SF
NOI
$24.1K $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%
$482,440
Cap Rate 7%
$344,600
Cap Rate 9%
$268,022
Alternative Uses
Best Use
Apartment 5plus
$344.6K
$301.5K – $402.0K
NOI $24,122 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$890.4K
$779.1K – $1.04M
NOI $62,325 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
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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 - Updated condo residence with a private balcony, garage parking, storage, and extensive shared amenities.
Where is this residential income property located?
The property is located at 1101 S ARLINGTON RIDGE ROAD Unit 304 Arlington, VA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: 1,594‑square‑foot residence with 2 bedrooms and 2.5 baths; Private balcony accessed through floor‑to‑ceiling glass doors; Primary suite includes three walk‑in closets and an ensuite marble bath
