Condominium
For Sale
$436,000
1108 S HIGHLAND STREET Unit 2, Arlington, VA 22204
An open kitchen and living area is paired with a private balcony and in-unit laundry.
Property Size853 SF
Price / SF$511.14
Days on Market81
Property Features for 1108 S HIGHLAND STREET Unit 2
General Information
Standard status
Active
Size
853 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Douglas Park
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,047
Amenities
stacked washer and dryer
private balcony
Building Details
Building Size
853 SF
Year Built
2021
Listing Agency:
Open Door Brokerage, LLC
Listed By:
Verria Hairston · License #0225262088
(202) 517-0115
Source:
Gallerycollectivere
Added: Aug 16
Changed: Nov 2
Last Checked: Nov 4 at 7:15AM
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 Open Door Brokerage, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 853-square-foot condominium residence, built in 2021, has a kitchen with wood-tone cabinets, a waterfall-edge island, and stainless steel appliances. The kitchen connects to the living area, while the bedroom has wood-look flooring. A walk-in shower with a glass enclosure serves the bathroom, and a stacked washer and dryer are included. The home also features a private balcony.
Key Highlights
- 853‑square‑foot condominium residence built in 2021
- Kitchen includes wood‑tone cabinetry, a waterfall‑edge island, and stainless steel appliances
- Private balcony and stacked washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,836
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,720
$256.7K
Cap Rate 7%
$183,371
$183.4K
Cap Rate 9%
$142,622
$142.6K
Market Conditions
NOI Build-Up for 853 SF
Gross rent
$24.6K $28.80/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$23.3K $27.36/SF
− OpEx
−$10.5K −$12.31/SF
NOI
$12.8K $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 Rate 5%
$256,720
Cap Rate 7%
$183,371
Cap Rate 9%
$142,622
Alternative Uses
Best Use
Apartment 5plus
$183.4K
$160.5K – $213.9K
NOI $12,836 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$473.8K
$414.6K – $552.8K
NOI $33,165 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 22204, VA
52,761
Population
24,128
Households
2.2
Avg Household Size
35
Median Age
62%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
12,869
Density / Sq Mi
$109,277
Median Household Income
$73,091
Median Earnings
$1,871
Median Rent
$672,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - An open kitchen and living area is paired with a private balcony and in-unit laundry.
Where is this residential income property located?
The property is located at 1108 S HIGHLAND STREET Unit 2 Arlington, VA.
What is the asking price?
The asking price for this property is $436,000.
What are key features of this property?
This property features: 853‑square‑foot condominium residence built in 2021; Kitchen includes wood‑tone cabinetry, a waterfall‑edge island, and stainless steel appliances; Private balcony and stacked washer and dryer
