One-Bedroom Residential Income
For Sale
$140,000
1121 ARLINGTON BOULEVARD Unit 309, Arlington, VA 22209
Updated co-operative apartment with garage parking and access to River Place community amenities.
Property Size514 SF
Price / SF$272.37
Days on Market51
Property Features for 1121 ARLINGTON BOULEVARD Unit 309
General Information
Standard status
Active
Size
514 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,519
Amenities
resort style pool
fitness center
concierge for package handling
community room
multifunction room
Building Details
Building Size
514 SF
Year Built
1955
Listing Agency:
BEYCOME BROKERAGE REALTY LLC
Listed By:
Steven Koleno · License #0225277955
(804) 656-5007
Source:
Kwcapitalproperties
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 3 at 12:00PM
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 BEYCOME BROKERAGE REALTY LLC
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Investment Insights
Based on property information with market context.
This residential income property is a 514-square-foot, one-bedroom, one-bath co-operative apartment in River Place North. Built in 1955, the unit was updated after the last sale and includes one garage parking space. The property is identified as Unit 309 at 1121 Arlington Boulevard in Arlington, Virginia.
Residents have access to River Place community features including a resort-style pool, fitness center, concierge package handling, community rooms, and multifunction rooms. The River Place North HOA covers electric, water, sewer, gas, trash, and other listed services. Parking is administered through the River Place Owner’s Association, with fees assessed semiannually in May and November.
Residents have access to River Place community features including a resort-style pool, fitness center, concierge package handling, community rooms, and multifunction rooms. The River Place North HOA covers electric, water, sewer, gas, trash, and other listed services. Parking is administered through the River Place Owner’s Association, with fees assessed semiannually in May and November.
Key Highlights
- 514‑square‑foot one‑bedroom, one‑bath co‑operative apartment
- One garage parking space included
- Updated after the last sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,735
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,700
$154.7K
Cap Rate 7%
$110,500
$110.5K
Cap Rate 9%
$85,944
$85.9K
Market Conditions
NOI Build-Up for 514 SF
Gross rent
$14.8K $28.80/SF
− Vacancy
−$740 −$1.44/SF
EGI
$14.1K $27.36/SF
− OpEx
−$6.3K −$12.31/SF
NOI
$7.7K $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%
$154,700
Cap Rate 7%
$110,500
Cap Rate 9%
$85,944
Alternative Uses
Best Use
Apartment 5plus
$110.5K
$96.7K – $128.9K
NOI $7,735 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$285.5K
$249.8K – $333.1K
NOI $19,984 @ 7.0% cap · market cap 14.27%
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 - Updated co-operative apartment with garage parking and access to River Place community amenities.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 309 Arlington, VA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 514‑square‑foot one‑bedroom, one‑bath co‑operative apartment; One garage parking space included; Updated after the last sale
