Updated Two-Bedroom Residential Income
For Sale
$325,000
1121 ARLINGTON BOULEVARD Unit 1011, Arlington, VA 22209
The penthouse has two bedrooms, two bathrooms, large windows, and views toward Rosslyn.
Property Size1,019 SF
Days on Market9
Property Features for 1121 ARLINGTON BOULEVARD Unit 1011
General Information
Standard status
Active
Size
1,019 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,927
Building Details
Building Size
1,019 SF
Year Built
1955
Listing Agency:
Vibo Realty & Management LLC
Listed By:
Richard Villegas · License #0225233149
(202) 864-9400
Source:
Kwcapitalproperties
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 3 at 11:01AM
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 Vibo Realty & Management LLC
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Investment Insights
Based on property information with market context.
This updated penthouse at River Place North is configured with two bedrooms and two bathrooms. Large windows bring natural light into the residence, and the home looks toward Rosslyn from its elevated position.
River Place is near the Rosslyn Metro and major commuter routes, with access to Arlington and Washington, DC. The residence was built in 1955.
River Place is near the Rosslyn Metro and major commuter routes, with access to Arlington and Washington, DC. The residence was built in 1955.
Key Highlights
- Two bedrooms and two bathrooms
- Penthouse residence at River Place North
- Large windows and views toward Rosslyn
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,334
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,680
$306.7K
Cap Rate 7%
$219,057
$219.1K
Cap Rate 9%
$170,378
$170.4K
Market Conditions
NOI Build-Up for 1,019 SF
Gross rent
$29.3K $28.80/SF
− Vacancy
−$1.5K −$1.44/SF
EGI
$27.9K $27.36/SF
− OpEx
−$12.5K −$12.31/SF
NOI
$15.3K $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%
$306,680
Cap Rate 7%
$219,057
Cap Rate 9%
$170,378
Alternative Uses
Best Use
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,334 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$566.0K
$495.2K – $660.3K
NOI $39,619 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,499
Businesses Nearby
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Business Placement
Demographics for 22209, VA
14,859
Population
9,261
Households
1.6
Avg Household Size
33
Median Age
86%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
21,227
Density / Sq Mi
$110,824
Median Household Income
$83,221
Median Earnings
$2,171
Median Rent
$799,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The penthouse has two bedrooms, two bathrooms, large windows, and views toward Rosslyn.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 1011 Arlington, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Penthouse residence at River Place North; Large windows and views toward Rosslyn
