One-Bedroom Co-op with Garage
New
For Sale
$134,995
1121 ARLINGTON BOULEVARD Unit 620, Arlington, VA 22209
The apartment has a remodeled kitchen, generous closet space, and a separately leased garage parking space.
Property Size559 SF
Price / SF$241.49
Days on Market3
Property Features for 1121 ARLINGTON BOULEVARD Unit 620
General Information
Standard status
Active
Size
559 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Occupancy
100%
Net Operating Income
$15,435
Financials
Asking Price
$134,995
Gross Income
$24,540
Average Monthly Rent
$1,900
HOA Fee
$518
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,605
Amenities
outdoor swimming pool
jacuzzi
fitness center
sauna
steam room
outdoor grilling area
community party room
bicycle storage
large laundry room
concierge services
secure package handling
24-hour gated security
Building Details
Building Size
559 SF
Year Built
1955
Tenancy
Multi
Listing Agency:
Sweet Homes America Incorporated
Listed By:
Amber Williams · License #0225216413
(703) 944-3884
Source:
Kwcapitalproperties
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 25 at 2:33AM
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.
This tenant-occupied cooperative apartment offers 559 square feet with one bedroom and one bathroom. Interior features include two picture windows, generous closet space, and a remodeled kitchen. New kitchen cabinets and countertops were installed in 2025, followed by new flooring and fresh paint in June 2026. The apartment lease runs through June 24, 2027.
The offering also includes a separately leased garage parking space, MP-316, in the North-East Garage, with its lease extending through December 31, 2026. River Place is a gated cooperative community with an outdoor pool, fitness center, sauna, steam room, grilling area, party room, bicycle storage, laundry room, concierge services, package handling, and 24-hour gated security. The community is approximately a five-minute walk from the Rosslyn Metro station, served by the Orange, Silver, and Blue Lines.
The offering also includes a separately leased garage parking space, MP-316, in the North-East Garage, with its lease extending through December 31, 2026. River Place is a gated cooperative community with an outdoor pool, fitness center, sauna, steam room, grilling area, party room, bicycle storage, laundry room, concierge services, package handling, and 24-hour gated security. The community is approximately a five-minute walk from the Rosslyn Metro station, served by the Orange, Silver, and Blue Lines.
Key Highlights
- 559‑square‑foot co‑op apartment with one bedroom and one bathroom
- Two picture windows and generous closet space
- Kitchen cabinets and countertops installed in 2025; flooring and paint updated in June 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,412
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
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
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 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 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$310.5K
$271.7K – $362.2K
NOI $21,734 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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 - The apartment has a remodeled kitchen, generous closet space, and a separately leased garage parking space.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 620 Arlington, VA.
What is the asking price?
The asking price for this property is $134,995.
What are key features of this property?
This property features: 559‑square‑foot co‑op apartment with one bedroom and one bathroom; Two picture windows and generous closet space; Kitchen cabinets and countertops installed in 2025; flooring and paint updated in June 2026
