Studio Co-op with
For Sale
$125,000
1121 ARLINGTON BOULEVARD Unit 139, Arlington, VA 22209
The first-floor residence includes a dedicated parking space and access to community amenities.
Property Size383 SF
Price / SF$326.37
Days on Market88
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
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Units
Unit Mix
1 x studio
Multifamily Units
1
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:
Jackrealtygroup
Added: Aug 9
Changed: Nov 2
Last Checked: Nov 4 at 8:02AM
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
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Investment Insights
Based on property information with market context.
This 383-square-foot studio co-op is on the first floor of River Place and was built in 1955. The unit has new carpet, natural light, and built-in wood shelving in the closet area. One parking space is included. HVAC, water, and trash are covered by the monthly fee.
Residents have access to a pool, gym, shared spaces, a convenience store, barber and style shop, meeting rooms, front desk, and gated entry. The property is in Arlington, with Georgetown, Washington, DC, and local parks cited as nearby destinations.
Residents have access to a pool, gym, shared spaces, a convenience store, barber and style shop, meeting rooms, front desk, and gated entry. The property is in Arlington, with Georgetown, Washington, DC, and local parks cited as nearby destinations.
Key Highlights
- 383‑square‑foot studio co‑op on the first floor
- One parking space included
- New carpet and built‑in wood closet shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,763
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
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
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 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 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$212.7K
$186.1K – $248.2K
NOI $14,891 @ 7.0% cap · market cap 11.91%
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
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 first-floor residence includes a dedicated parking space and access to community 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 $125,000.
What are key features of this property?
This property features: 383‑square‑foot studio co‑op on the first floor; One parking space included; New carpet and built‑in wood closet shelving
