Studio Apartment with Garage
For Sale
$125,000
1121 ARLINGTON BOULEVARD Unit 348, Arlington, VA 22209
Studio unit featuring an eat-in kitchen, walk-in closet, and picture window, plus one garage parking space.
Property Size504 SF
Price / SF$248.02
Days on Market161
Property Features for 1121 ARLINGTON BOULEVARD Unit 348
General Information
Standard status
Active
Size
504 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Taxes and HOA fees
Annual Taxes
$1,641
Building Details
Building Size
504 SF
Year Built
1955
Listing Agency:
Sweet Homes America Incorporated
Listed By:
Amber Williams · License #0225216413
(703) 944-3884
Source:
Kerishull
Added: May 28
Changed: Oct 31
Last Checked: Nov 3 at 3:05PM
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.
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
Estimated NOI and Cap Rate
NOI / Yr
$7,584
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,680
$151.7K
Cap Rate 7%
$108,343
$108.3K
Cap Rate 9%
$84,267
$84.3K
Market Conditions
NOI Build-Up for 504 SF
Gross rent
$14.5K $28.80/SF
− Vacancy
−$726 −$1.44/SF
EGI
$13.8K $27.36/SF
− OpEx
−$6.2K −$12.31/SF
NOI
$7.6K $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%
$151,680
Cap Rate 7%
$108,343
Cap Rate 9%
$84,267
Alternative Uses
Best Use
Apartment 5plus
$108.3K
$94.8K – $126.4K
NOI $7,584 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$279.9K
$245.0K – $326.6K
NOI $19,596 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
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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 - 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 $125,000.
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
