Furnished-Optional Residential Income
For Sale
$169,995
1121 ARLINGTON BOULEVARD Unit 743, Arlington, VA 22209
The unit offers an updated kitchen, included utilities, and a private balcony.
Property Size716 SF
Days on Market84
Property Features for 1121 ARLINGTON BOULEVARD Unit 743
General Information
Standard status
Active
Size
716 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Public Transit
Yes
Utilities to Site
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$2,066
Amenities
private balcony
outdoor swimming pool
jacuzzi
fitness center
sauna
steam room
outdoor grilling area
community party room
bike storage room
24/7 gated security
concierge
packages organized and secure
large laundry room
Building Details
Building Size
716 SF
Year Built
1955
Construction
mid-century modern
Listing Agency:
Sweet Homes America Incorporated
Listed By:
Amber Williams · License #0225216413
(703) 944-3884
Source:
Kwcapitalproperties
Added: Aug 4
Changed: Oct 21
Last Checked: Oct 24 at 11:05PM
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.
This residential income property was built in 1955 and features a renovated kitchen with granite countertops, stainless-steel appliances, and a new refrigerator. Luxury vinyl plank flooring, a new ceiling fan, and distinctive accent walls add updated interior finishes. The residence includes a private balcony with Arlington views and may be offered furnished or unfurnished. Electricity, gas, and water are included.
A garage parking space accompanies the sale and is leased through October 11, 2026. The property is a 5 min walk from Rosslyn Metro, with access to the Orange, Silver, and Blue Lines. Community amenities include an outdoor pool, jacuzzi, fitness center, sauna, steam room, grilling area, party room, bike storage, 24/7 gated security, concierge service, secured package handling, and a large laundry room. Safeway, Target, CVS, and several restaurants are within walking distance.
A garage parking space accompanies the sale and is leased through October 11, 2026. The property is a 5 min walk from Rosslyn Metro, with access to the Orange, Silver, and Blue Lines. Community amenities include an outdoor pool, jacuzzi, fitness center, sauna, steam room, grilling area, party room, bike storage, 24/7 gated security, concierge service, secured package handling, and a large laundry room. Safeway, Target, CVS, and several restaurants are within walking distance.
Key Highlights
- Updated kitchen with granite countertops and stainless‑steel appliances
- Private balcony with Arlington views
- Electricity, gas, and water included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,774
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
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
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 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 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$397.7K
$348.0K – $464.0K
NOI $27,838 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
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 - The unit offers an updated kitchen, included utilities, and a private balcony.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 743 Arlington, VA.
What is the asking price?
The asking price for this property is $169,995.
What are key features of this property?
This property features: Updated kitchen with granite countertops and stainless‑steel appliances; Private balcony with Arlington views; Electricity, gas, and water included
