Studio Co-op Unit with
For Sale
$135,000
1121 ARLINGTON BOULEVARD Unit 139, Arlington, VA 22209
First-floor residence with updated carpeting, built-in storage, and access to River Place amenities.
Property Size383 SF
Days on Market26
Property Features for 1121 ARLINGTON BOULEVARD Unit 139
General Information
Standard status
Active
Size
383 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Unit Mix
1 x studio
Taxes and HOA fees
Annual Taxes
$1,271
Amenities
pool
gym
common areas
convenience store
barber & style shop
meeting rooms
front desk
gated entrance
Building Details
Building Size
383 SF
Year Built
1955
Listing Agency:
TTR Sotheby's International Realty
Listed By:
M. Joseph Reef · License #0225080415
(703) 981-8980
Source:
Kwcapitalproperties
Added: Aug 9
Changed: Aug 31
Last Checked: Sep 2 at 12:13AM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This first-floor studio co-op unit offers a bright interior, recently installed carpet, and substantial closet storage with integrated wood shelving. The property includes one assigned parking space and was built in 1955.
Residents have access to River Place amenities including a swimming pool, fitness center, shared gathering areas, convenience store, barber and styling shop, meeting rooms, front desk, and gated entry. HVAC, water, and trash service are included in the monthly fee. The property is positioned near Washington, DC, Georgetown, and local parks.
Residents have access to River Place amenities including a swimming pool, fitness center, shared gathering areas, convenience store, barber and styling shop, meeting rooms, front desk, and gated entry. HVAC, water, and trash service are included in the monthly fee. The property is positioned near Washington, DC, Georgetown, and local parks.
Key Highlights
- First‑floor studio co‑op unit with new carpet and strong natural light
- Built‑in wood shelving adds organized closet storage
- One‑car parking space included
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
$5,763
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
4.27%
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%
$115,260
$115.3K
Cap Rate 7%
$82,329
$82.3K
Cap Rate 9%
$64,033
$64.0K
Market Conditions
NOI Build-Up for 383 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
$11.0K $28.80/SF
− Vacancy
−$552 −$1.44/SF
EGI
$10.5K $27.36/SF
− OpEx
−$4.7K −$12.31/SF
NOI
$5.8K $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%
$115,260
Cap Rate 7%
$82,329
Cap Rate 9%
$64,033
Alternative Uses
Best Use
Apartment 5plus
$82.3K
$72.0K – $96.1K
NOI $5,763 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$212.7K
$186.1K – $248.2K
NOI $14,891 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,499
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor residence with updated carpeting, built-in storage, and access to River Place amenities.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 139 Arlington, VA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: First‑floor studio co‑op unit with new carpet and strong natural light; Built‑in wood shelving adds organized closet storage; One‑car parking space included
