One-Bedroom Residential Income
For Sale
$150,000
1121 ARLINGTON BOULEVARD Unit 541, Arlington, VA 22209
Unit includes controlled building access, secured parking, and resident amenities covered through monthly dues.
Property Size559 SF
Days on Market111
Property Features for 1121 ARLINGTON BOULEVARD Unit 541
General Information
Standard status
Active
Size
559 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,523
Building Details
Building Size
559 SF
Year Built
1955
Listing Agency:
HMI Property
(703) 600-7777
Listed By:
Hasan M Ibrahim · License #0225075708
(703) 600-7777
Source:
Kwcapitalproperties
Added: May 8
Changed: Aug 24
Last Checked: Aug 25 at 1:01PM
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 HMI Property
Investment Insights
Based on property information with market context.
This residential income property is a one-bedroom, one-bath unit in a building constructed in 1955. Building security operates around the clock, and residents have access to secured parking within the complex.
Monthly dues cover use of the pool, fitness facilities, clubhouse, utilities, trash service, and snow removal. The property combines a compact residential layout with on-site amenities and building-level security.
Monthly dues cover use of the pool, fitness facilities, clubhouse, utilities, trash service, and snow removal. The property combines a compact residential layout with on-site amenities and building-level security.
Key Highlights
- One‑bedroom, one‑bath residential unit
- 24‑hour building security
- Secured parking within the complex
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
$8,412
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
5.61%
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%
$168,240
$168.2K
Cap Rate 7%
$120,171
$120.2K
Cap Rate 9%
$93,467
$93.5K
Market Conditions
NOI Build-Up for 559 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
$16.1K $28.80/SF
− Vacancy
−$805 −$1.44/SF
EGI
$15.3K $27.36/SF
− OpEx
−$6.9K −$12.31/SF
NOI
$8.4K $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%
$168,240
Cap Rate 7%
$120,171
Cap Rate 9%
$93,467
Alternative Uses
Best Use
Apartment 5plus
$120.2K
$105.2K – $140.2K
NOI $8,412 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$310.5K
$271.7K – $362.2K
NOI $21,734 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Unit includes controlled building access, secured parking, and resident amenities covered through monthly dues.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 541 Arlington, VA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath residential unit; 24‑hour building security; Secured parking within the complex
