Renovated Studio
For Sale
$114,995
1121 ARLINGTON BOULEVARD Unit 224, Arlington, VA 22209
The studio has updated kitchen and bathroom finishes, refinished parquet flooring, and a lease extending through August 31, 2027.
Property Size442 SF
Days on Market10
Property Features for 1121 ARLINGTON BOULEVARD Unit 224
General Information
Standard status
Active
Size
442 SF
Property subtype
Unit/Flat/Apartment
Financials
Gross Income
$19,200
Average Monthly Rent
$1,600
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,469
Amenities
outdoor swimming pool
jacuzzi
fitness center
sauna
steam room
outdoor grilling area
community party room
bike storage room
24/7 gated security
concierge
packages organized and secure
large laundry room
Building Details
Building Size
442 SF
Year Built
1955
Tenancy
Single
Listing Agency:
Sweet Homes America Incorporated
Listed By:
Amber Williams · License #0225216413
(703) 944-3884
Source:
Kwcapitalproperties
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 21 at 3:20AM
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 Sweet Homes America Incorporated
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Investment Insights
Based on property information with market context.
This studio co-op features a renovated kitchen and bathroom, refinished parquet floors, and bottom-up/top-down blackout blinds. The unit is leased through August 31, 2027. The co-op fee covers electricity, water, and gas.
Residents have access to an outdoor pool, jacuzzi, fitness center, sauna, steam room, grilling area, party room, bike storage, and laundry room. The building also offers gated security and concierge service. Rosslyn Metro, served by the Orange, Silver, and Blue lines, is a five-minute walk away. Nearby retailers and restaurants include Safeway, Target, CVS, Chop't, Potbelly, Chipotle, and District Taco.
Residents have access to an outdoor pool, jacuzzi, fitness center, sauna, steam room, grilling area, party room, bike storage, and laundry room. The building also offers gated security and concierge service. Rosslyn Metro, served by the Orange, Silver, and Blue lines, is a five-minute walk away. Nearby retailers and restaurants include Safeway, Target, CVS, Chop't, Potbelly, Chipotle, and District Taco.
Key Highlights
- Renovated kitchen and bathroom, with refinished parquet floors
- Bottom‑up/top‑down blackout blinds
- Lease runs through 31‑August‑2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,651
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,020
$133.0K
Cap Rate 7%
$95,014
$95.0K
Cap Rate 9%
$73,900
$73.9K
Market Conditions
NOI Build-Up for 442 SF
Gross rent
$12.7K $28.80/SF
− Vacancy
−$636 −$1.44/SF
EGI
$12.1K $27.36/SF
− OpEx
−$5.4K −$12.31/SF
NOI
$6.7K $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%
$133,020
Cap Rate 7%
$95,014
Cap Rate 9%
$73,900
Alternative Uses
Best Use
Apartment 5plus
$95.0K
$83.1K – $110.9K
NOI $6,651 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$245.5K
$214.8K – $286.4K
NOI $17,185 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Single-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The studio has updated kitchen and bathroom finishes, refinished parquet flooring, and a lease extending through August 31, 2027.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 224 Arlington, VA.
What is the asking price?
The asking price for this property is $114,995.
What are key features of this property?
This property features: Renovated kitchen and bathroom, with refinished parquet floors; Bottom‑up/top‑down blackout blinds; Lease runs through 31‑August‑2027
