Residential Income Property with
For Sale
$357,000
1200 CRYSTAL DRIVE #1311, Arlington, VA 22202
Contemporary apartment with in-unit laundry, concierge service, assigned garage parking, and access to transit and recreation.
Property Size935 SF
Price / SF$381.82
Days on Market148
Property Features for 1200 CRYSTAL DRIVE #1311
General Information
Standard status
Active
Size
935 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Highway Access
Yes
Amenities
concierge service
exercise room
24-hour security
elevator
extra storage
Security System
Ceiling Fan(s)
Forced Air
Central A/C
Built-In Microwave
Dishwasher
Disposal
Dryer
Cooktop
Oven - Wall
Refrigerator
Icemaker
Washer
Building Details
Year Built
1986
Listed By:
Norm Odeneal · License #Virginia
(703) 587-0945
Source:
Kw
Added: May 23
Changed: Oct 16
Last Checked: Oct 16 at 7:11AM
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 Norm Odeneal
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Investment Insights
Based on property information with market context.
This 935-square-foot residential income property includes 1 bedroom and 1 bathroom in a contemporary apartment layout. The kitchen is equipped with a built-in microwave, dishwasher, disposal, wall oven, cooktop, refrigerator, and icemaker. In-unit laundry includes a washer and dryer. Interior systems include forced-air heating, central A/C, ceiling fans, and a security system. The building was constructed in 1986 and provides elevator access, extra storage, concierge service, an exercise room, and 24-hour security.
The property is located at 1200 Crystal Drive #1311 in Arlington, with access to Route 1 and I-395. Crystal City Metro station and a bus stop are less than 1/2 mile away. Long Bridge Park and an aquatic and fitness center are within a short walk, while shopping and restaurants are minutes away. The property also includes an underground parking garage and one assigned parking spot.
The property is located at 1200 Crystal Drive #1311 in Arlington, with access to Route 1 and I-395. Crystal City Metro station and a bus stop are less than 1/2 mile away. Long Bridge Park and an aquatic and fitness center are within a short walk, while shopping and restaurants are minutes away. The property also includes an underground parking garage and one assigned parking spot.
Key Highlights
- 935 square feet with 1 bedroom and 1 bathroom
- Built‑in microwave, dishwasher, disposal, wall oven, cooktop, refrigerator, and icemaker
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,070
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,400
$281.4K
Cap Rate 7%
$201,000
$201.0K
Cap Rate 9%
$156,333
$156.3K
Market Conditions
NOI Build-Up for 935 SF
Gross rent
$26.9K $28.80/SF
− Vacancy
−$1.3K −$1.44/SF
EGI
$25.6K $27.36/SF
− OpEx
−$11.5K −$12.31/SF
NOI
$14.1K $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%
$281,400
Cap Rate 7%
$201,000
Cap Rate 9%
$156,333
Alternative Uses
Best Use
Apartment 5plus
$201.0K
$175.9K – $234.5K
NOI $14,070 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$519.3K
$454.4K – $605.9K
NOI $36,353 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,934
Businesses Nearby
Explore this area
Business Placement
Demographics for 22202, VA
28,472
Population
18,110
Households
1.6
Avg Household Size
35
Median Age
84%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
7,301
Density / Sq Mi
$141,933
Median Household Income
$92,818
Median Earnings
$2,448
Median Rent
$838,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary apartment with in-unit laundry, concierge service, assigned garage parking, and access to transit and recreation.
Where is this residential income property located?
The property is located at 1200 CRYSTAL DRIVE #1311 Arlington, VA.
What is the asking price?
The asking price for this property is $357,000.
What are key features of this property?
This property features: 935 square feet with 1 bedroom and 1 bathroom; Built‑in microwave, dishwasher, disposal, wall oven, cooktop, refrigerator, and icemaker; In‑unit washer and dryer
