One-Bedroom Residential Income
For Sale
$450,000
1108 S HIGHLAND STREET Unit 1, Arlington, VA 22201
The kitchen features stainless steel appliances, extensive cabinetry, and a broad peninsula with ample work surface.
Property Size913 SF
Price / SF$492.88
Days on Market49
Property Features for 1108 S HIGHLAND STREET Unit 1
General Information
Standard status
Active
Size
913 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Douglas Park
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,407
Building Details
Building Size
913 SF
Year Built
2021
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
Built in 2021, this one-bedroom residence has an oversized bedroom with a walk-in closet, large windows, contemporary flooring, and a modern kitchen. Stainless steel appliances, substantial cabinet storage, and a wide peninsula with generous counter space complete the interior.
The property is one block from Columbia Pike retail and dining, including Harris Teeter. Shirlington Village is a short distance away, while the Pentagon, Pentagon City, Crystal City, Washington, DC, and I-395 are within reach. Bus service nearby connects to Metro stations in the Pentagon, Pentagon City, and Crystal City.
The condo fee covers maintenance of common areas, snow removal, trash, water, and sewer.
The property is one block from Columbia Pike retail and dining, including Harris Teeter. Shirlington Village is a short distance away, while the Pentagon, Pentagon City, Crystal City, Washington, DC, and I-395 are within reach. Bus service nearby connects to Metro stations in the Pentagon, Pentagon City, and Crystal City.
The condo fee covers maintenance of common areas, snow removal, trash, water, and sewer.
Key Highlights
- Built in 2021
- One‑bedroom residence with an oversized bedroom and walk‑in closet
- Kitchen has stainless steel appliances, abundant cabinetry, and a broad peninsula
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,739
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,780
$274.8K
Cap Rate 7%
$196,271
$196.3K
Cap Rate 9%
$152,656
$152.7K
Market Conditions
NOI Build-Up for 913 SF
Gross rent
$26.3K $28.80/SF
− Vacancy
−$1.3K −$1.44/SF
EGI
$25.0K $27.36/SF
− OpEx
−$11.2K −$12.31/SF
NOI
$13.7K $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%
$274,780
Cap Rate 7%
$196,271
Cap Rate 9%
$152,656
Alternative Uses
Best Use
Apartment 5plus
$196.3K
$171.7K – $229.0K
NOI $13,739 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$507.1K
$443.7K – $591.6K
NOI $35,497 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 22201, VA
39,331
Population
21,787
Households
1.8
Avg Household Size
32
Median Age
86%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
17,100
Density / Sq Mi
$141,736
Median Household Income
$89,508
Median Earnings
$2,468
Median Rent
$760,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The kitchen features stainless steel appliances, extensive cabinetry, and a broad peninsula with ample work surface.
Where is this residential income property located?
The property is located at 1108 S HIGHLAND STREET Unit 1 Arlington, VA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Built in 2021; One‑bedroom residence with an oversized bedroom and walk‑in closet; Kitchen has stainless steel appliances, abundant cabinetry, and a broad peninsula
