Sixth-Floor Residential Income
For Sale
$137,500
1121 ARLINGTON BOULEVARD Unit 624, Arlington, VA 22209
Occupied condo unit with a den, finished kitchen, storage, and access to extensive on-site amenities.
Property Size442 SF
Days on Market183
Property Features for 1121 ARLINGTON BOULEVARD Unit 624
General Information
Standard status
Active
Size
442 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x efficiency
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,450
Amenities
swimming pool
gym
sauna
convenience store
cafe
barber shop
kids playground
common laundry room
party room
concierge service
gated security
security control building entrance
Building Details
Building Size
442 SF
Year Built
1955
Buildings
1
Tenancy
Single
Listing Agency:
Samson Properties
(410) 967-6919
Listed By:
Sadegh M Momayezi
(410) 967-6919
Source:
Kwcapitalproperties
Added: Feb 3
Changed: Aug 5
Last Checked: Aug 5 at 7:15AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This sixth-floor efficiency condo offers a practical interior layout with a den suitable for office use, a combined kitchen and dining area, and a separate living space. The kitchen includes granite countertops, tile flooring, a gas stove, and a refrigerator, while the living area has laminate flooring. Additional storage includes a wardrobe closet, a separate storage room, and a basement storage space.
Building amenities include an in-ground swimming pool, gym, sauna, convenience store, cafe, barber shop, children’s playground, common laundry room, and party room. Concierge service, gated security, and controlled building access are also provided. The property is near Rosslyn Metro, downtown Washington, Georgetown dining, local shopping, major highways, the GW Parkway, and National Airport. The unit is tenant-occupied and requires 24 hours’ advance notice for showings. Built in 1955.
Building amenities include an in-ground swimming pool, gym, sauna, convenience store, cafe, barber shop, children’s playground, common laundry room, and party room. Concierge service, gated security, and controlled building access are also provided. The property is near Rosslyn Metro, downtown Washington, Georgetown dining, local shopping, major highways, the GW Parkway, and National Airport. The unit is tenant-occupied and requires 24 hours’ advance notice for showings. Built in 1955.
Key Highlights
- Sixth‑floor efficiency condo with a den that can serve as office space
- Granite kitchen counters, gas stove, refrigerator, tile flooring, and combined dining area
- Separate storage room, wardrobe closet, and one basement storage space
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 | $12.7k | $28.80 |
| − Vacancy | −$636 | −$1.44 |
| EGI | $12.1k | $27.36 |
| − OpEx | −$5.4k | −$12.31 |
| NOI | $6.7k | $15.05 |
442 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$95.0K
$83.1K – $110.9K
NOI $6,651 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$245.5K
$214.8K – $286.4K
NOI $17,185 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
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 - Occupied condo unit with a den, finished kitchen, storage, and access to extensive on-site amenities.
Where is this residential income property located?
The property is located at 1121 ARLINGTON BOULEVARD Unit 624 Arlington, VA.
What is the asking price?
The asking price for this property is $137,500.
What are key features of this property?
This property features: Sixth‑floor efficiency condo with a den that can serve as office space; Granite kitchen counters, gas stove, refrigerator, tile flooring, and combined dining area; Separate storage room, wardrobe closet, and one basement storage space
