Studio Apartment with Garage
1121 ARLINGTON BOULEVARD Unit 348 Arlington, VA 22209
For Sale
$135,000
Studio unit featuring an eat-in kitchen, walk-in closet, and picture window, plus one garage parking space.
Days on Market64
Property Features for 1121 ARLINGTON BOULEVARD Unit 348
General Information
Standard status
Active
Property subtype
Unit/Flat/Apartment
Building Details
Year Built
1955
Listing Agency:
Sweet Homes America Incorporated
(703) 944-3884
Listed By:
Amber Williams · License #0225216413
(703) 944-3884
Source:
Kwcapitalproperties
Added: May 28
Changed: Jul 30
Last Checked: Jul 30 at 4:29AM
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
Investment Insights
Based on property information with market context.
Residential income opportunity at 1121 Arlington Boulevard, Unit 348 in Arlington, VA 22209. This studio layout includes an eat-in kitchen, a walk-in closet in addition to two other closets, and a sunlit picture window designed to bring natural light into the main living space.
The unit also includes a garage parking space, a highly valued convenience for day-to-day access and vehicle storage. The community is described as being within a short walk to the Metro, with shops, grocery, restaurants, and other essentials also reachable within that 5–10 minute walking range.
Built in 1955, this property is being offered for sale as a studio configuration within the larger community setting. If you’re comparing studio options, the presence of in-unit storage features and garage parking are key differentiators to evaluate for your use or leasing needs.
The unit also includes a garage parking space, a highly valued convenience for day-to-day access and vehicle storage. The community is described as being within a short walk to the Metro, with shops, grocery, restaurants, and other essentials also reachable within that 5–10 minute walking range.
Built in 1955, this property is being offered for sale as a studio configuration within the larger community setting. If you’re comparing studio options, the presence of in-unit storage features and garage parking are key differentiators to evaluate for your use or leasing needs.
Key Highlights
- Studio unit layout with eat‑in kitchen
- Walk‑in closet plus two additional closets
- Sun‑drenched picture window bringing natural light
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.5k | $28.80 |
| − Vacancy | −$726 | −$1.44 |
| EGI | $13.8k | $27.36 |
| − OpEx | −$6.2k | −$12.31 |
| NOI | $7.6k | $15.05 |
504 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$108.3K
$94.8K – $126.4K
NOI $7,584 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$279.9K
$245.0K – $326.6K
NOI $19,596 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Studio unit featuring an eat-in kitchen, walk-in closet, and picture window, plus one garage parking space.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 348 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: Studio unit layout with eat‑in kitchen; Walk‑in closet plus two additional closets; Sun‑drenched picture window bringing natural light
