Studio Co-op
For Sale
$119,900
Pending
1121 ARLINGTON BOULEVARD Unit 534, Arlington, VA 22209
Open studio layout with a separate gas-cooking kitchen and assigned parking.
Property Size383 SF
Days on Market84
Property Features for 1121 ARLINGTON BOULEVARD Unit 534
General Information
Standard status
Pending
Size
383 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,232
Amenities
24-hour security
concierge
outdoor pool
fitness center
sauna
recreation area
picnic areas
on-site market
community coffee shop
salon
laundry facilities
Building Details
Building Size
383 SF
Year Built
1955
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Blake Davenport · License #0225222211
(703) 350-8800
Source:
Jackrealtygroup
Added: Aug 13
Changed: Nov 3
Last Checked: Nov 4 at 7:56AM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 383-square-foot studio co-op unit, built in 1955, has an open living and sleeping area, hardwood floors, a large window, added closet storage, and a separate kitchen with gas cooking. An assigned space is available in the community parking lot, and utilities are included in the co-op fee.
Building amenities include 24-hour security, concierge service, an outdoor pool, fitness center with sauna, recreation and picnic areas, an on-site market, coffee shop, salon, and laundry facilities. The Rosslyn Metro is two blocks away, with access to the Orange, Blue, and Silver lines. Key Bridge, Georgetown, downtown DC, shops, restaurants, Safeway, and Trader Joe’s are also nearby.
Building amenities include 24-hour security, concierge service, an outdoor pool, fitness center with sauna, recreation and picnic areas, an on-site market, coffee shop, salon, and laundry facilities. The Rosslyn Metro is two blocks away, with access to the Orange, Blue, and Silver lines. Key Bridge, Georgetown, downtown DC, shops, restaurants, Safeway, and Trader Joe’s are also nearby.
Key Highlights
- 383‑square‑foot studio unit in a co‑op building constructed in 1955
- Separate kitchen with gas cooking; hardwood floors and a large window
- Assigned parking space in the community lot; utilities included in the co‑op fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,763
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$115,260
$115.3K
Cap Rate 7%
$82,329
$82.3K
Cap Rate 9%
$64,033
$64.0K
Market Conditions
NOI Build-Up for 383 SF
Gross rent
$11.0K $28.80/SF
− Vacancy
−$552 −$1.44/SF
EGI
$10.5K $27.36/SF
− OpEx
−$4.7K −$12.31/SF
NOI
$5.8K $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 Rate 5%
$115,260
Cap Rate 7%
$82,329
Cap Rate 9%
$64,033
Alternative Uses
Best Use
Apartment 5plus
$82.3K
$72.0K – $96.1K
NOI $5,763 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$212.7K
$186.1K – $248.2K
NOI $14,891 @ 7.0% cap · market cap 12.42%
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 - Open studio layout with a separate gas-cooking kitchen and assigned parking.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 534 Arlington, VA.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 383‑square‑foot studio unit in a co‑op building constructed in 1955; Separate kitchen with gas cooking; hardwood floors and a large window; Assigned parking space in the community lot; utilities included in the co‑op fee
