One-Bedroom Residential Income
New
For Sale
$188,000
1121 ARLINGTON BOULEVARD Unit 443, Arlington, VA 22209
Cooperative residence with a private terrace, 24-hour building security, and access to shared fitness and recreation amenities.
Property Size716 SF
Days on Market4
Property Features for 1121 ARLINGTON BOULEVARD Unit 443
General Information
Standard status
Active
Size
716 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,798
Building Details
Building Size
716 SF
Year Built
1955
Listing Agency:
Mellow International Realty Inc
Listed By:
Xiaolei Liang · License #0225278896
(443) 226-5922
Source:
Kwcapitalproperties
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 9:32AM
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 Mellow International Realty Inc
Investment Insights
Based on property information with market context.
This one-bedroom cooperative residence offers a private terrace along with access to shared community facilities. The building provides 24-hour security, fitness equipment, a swimming pool, and laundry facilities. Built in 1955, the property combines residential functionality with established building infrastructure.
The residence is located at 1121 Arlington Boulevard, Unit 443, in Arlington, Virginia. Showings require 24 hours’ notice.
The residence is located at 1121 Arlington Boulevard, Unit 443, in Arlington, Virginia. Showings require 24 hours’ notice.
Key Highlights
- One‑bedroom cooperative residence at 1121 Arlington Boulevard, Unit 443
- Private terrace
- 24‑hour building security
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,774
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$215,480
$215.5K
Cap Rate 7%
$153,914
$153.9K
Cap Rate 9%
$119,711
$119.7K
Market Conditions
NOI Build-Up for 716 SF
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.
Gross rent
$20.6K $28.80/SF
− Vacancy
−$1.0K −$1.44/SF
EGI
$19.6K $27.36/SF
− OpEx
−$8.8K −$12.31/SF
NOI
$10.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$215,480
Cap Rate 7%
$153,914
Cap Rate 9%
$119,711
Alternative Uses
Best Use
Apartment 5plus
$153.9K
$134.7K – $179.6K
NOI $10,774 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$397.7K
$348.0K – $464.0K
NOI $27,838 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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 - Cooperative residence with a private terrace, 24-hour building security, and access to shared fitness and recreation amenities.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 443 Arlington, VA.
What is the asking price?
The asking price for this property is $188,000.
What are key features of this property?
This property features: One‑bedroom cooperative residence at 1121 Arlington Boulevard, Unit 443; Private terrace; 24‑hour building security
