Furnished Residential Income
For Sale
$215,000
1121 ARLINGTON BOULEVARD Unit 206, Arlington, VA 22209
Updated corner residence with a balcony, renovated interiors, and cooperative fees covering utilities and climate control.
Property Size716 SF
Price / SF$300.28
Days on Market21
Property Features for 1121 ARLINGTON BOULEVARD Unit 206
General Information
Standard status
Active
Size
716 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Furnished
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,062
Amenities
fitness center
outdoor swimming pool
picnic and grilling areas
on-site market
coffee shop
hair salon
private balcony
Building Details
Building Size
716 SF
Year Built
1955
Listing Agency:
Vibo Realty & Management LLC
(202) 864-9400
Listed By:
Richard Villegas
(202) 864-9400
Source:
Kwcapitalproperties
Added: Jul 16
Changed: Aug 5
Last Checked: Aug 5 at 4:47AM
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 Vibo Realty & Management LLC
Investment Insights
Based on property information with market context.
This second-floor, 716-square-foot corner residence includes one bedroom and one bathroom within River Place North. Hardwood flooring runs throughout, while the renovated kitchen and bathroom add updated finishes. A private balcony and abundant natural light complement the interior, and the home is offered fully furnished. The cooperative fee includes electricity, gas, water, central heating, and air conditioning.
River Place North provides a fitness center, outdoor swimming pool, picnic and grilling areas, an on-site market, coffee shop, and hair salon. The property is in Rosslyn with access to the Rosslyn Metro, Georgetown, downtown Washington, D.C., the Pentagon, Crystal City-National Landing, Reagan National Airport, Old Town Alexandria, and Tysons.
River Place North provides a fitness center, outdoor swimming pool, picnic and grilling areas, an on-site market, coffee shop, and hair salon. The property is in Rosslyn with access to the Rosslyn Metro, Georgetown, downtown Washington, D.C., the Pentagon, Crystal City-National Landing, Reagan National Airport, Old Town Alexandria, and Tysons.
Key Highlights
- 716‑square‑foot corner residence with 1 bedroom and 1 bathroom
- Fully furnished second‑floor unit with private balcony
- Renovated kitchen and bathroom with hardwood floors throughout
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.6k | $28.80 |
| − Vacancy | −$1.0k | −$1.44 |
| EGI | $19.6k | $27.36 |
| − OpEx | −$8.8k | −$12.31 |
| NOI | $10.8k | $15.05 |
716 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$153.9K
$134.7K – $179.6K
NOI $10,774 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$397.7K
$348.0K – $464.0K
NOI $27,838 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated corner residence with a balcony, renovated interiors, and cooperative fees covering utilities and climate control.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 206 Arlington, VA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 716‑square‑foot corner residence with 1 bedroom and 1 bathroom; Fully furnished second‑floor unit with private balcony; Renovated kitchen and bathroom with hardwood floors throughout
