One-Bedroom Residential Income
For Sale
$135,000
1121 ARLINGTON BOULEVARD Unit 217, Arlington, VA 22209
Shared amenities include a fitness center, swimming pool, playground, picnic area, party room, and front desk concierge.
Property Size559 SF
Days on Market13
Property Features for 1121 ARLINGTON BOULEVARD Unit 217
General Information
Standard status
Active
Size
559 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,601
Amenities
fitness center
swimming pool
kids playground
picnic area
gated community
security
front desk concierge
party room
Building Details
Building Size
559 SF
Year Built
1955
Listing Agency:
Fairfax Realty Select
Listed By:
Sudhanvshu Pethe · License #0225214979
(202) 630-1550
Source:
Kwcapitalproperties
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 21 at 4:28AM
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 Fairfax Realty Select
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Investment Insights
Based on property information with market context.
This second-floor, one-bedroom condominium receives ample daylight. The building dates to 1955, and the condo fee includes all utilities. Residents have access to a fitness center, swimming pool, children’s playground, picnic area, party room, gated entry, security, and a front desk concierge.
Rosslyn Metro, served by the Orange, Blue, and Silver lines, is two blocks away. Parking access is managed through the gatehouse.
Rosslyn Metro, served by the Orange, Blue, and Silver lines, is two blocks away. Parking access is managed through the gatehouse.
Key Highlights
- One‑bedroom condominium on the second floor
- All utilities are included in the condo fee
- Community features a fitness center, swimming pool, playground, picnic area, party room, gated entry, security, and concierge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,412
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,240
$168.2K
Cap Rate 7%
$120,171
$120.2K
Cap Rate 9%
$93,467
$93.5K
Market Conditions
NOI Build-Up for 559 SF
Gross rent
$16.1K $28.80/SF
− Vacancy
−$805 −$1.44/SF
EGI
$15.3K $27.36/SF
− OpEx
−$6.9K −$12.31/SF
NOI
$8.4K $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%
$168,240
Cap Rate 7%
$120,171
Cap Rate 9%
$93,467
Alternative Uses
Best Use
Apartment 5plus
$120.2K
$105.2K – $140.2K
NOI $8,412 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$310.5K
$271.7K – $362.2K
NOI $21,734 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Shared amenities include a fitness center, swimming pool, playground, picnic area, party room, and front desk concierge.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 217 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: One‑bedroom condominium on the second floor; All utilities are included in the condo fee; Community features a fitness center, swimming pool, playground, picnic area, party room, gated entry, security, and concierge
