Furnished Studio Income
For Sale
$220,000
1200 N NASH STREET Unit 565, Arlington, VA 22209
Prospect House provides utility-inclusive ownership with pool amenities and a 24-hour front desk.
Property Size485 SF
Days on Market59
Property Features for 1200 N NASH STREET Unit 565
General Information
Standard status
Active
Size
485 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,254
Amenities
pool
24 hour front desk
Building Details
Building Size
485 SF
Year Built
1980
Listing Agency:
EXP Realty, LLC
(703) 608-7454
Listed By:
Keri K. Shull · License #0225089446
(703) 608-7454
Source:
Kwcapitalproperties
Added: Jun 8
Changed: Aug 5
Last Checked: Aug 5 at 5:32AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This studio unit at Prospect House is described as move-in ready and may be transferred with its furnishings. The property dates to 1980, and the condominium fee covers all utilities along with access to the pool and a 24-hour front desk.
The residence is located at 1200 N Nash Street in Arlington, five blocks from the Rosslyn Metro station. Georgetown, Downtown DC, the airport, shops, and restaurants are also identified as nearby destinations or short-drive connections.
The residence is located at 1200 N Nash Street in Arlington, five blocks from the Rosslyn Metro station. Georgetown, Downtown DC, the airport, shops, and restaurants are also identified as nearby destinations or short-drive connections.
Key Highlights
- Studio unit in Prospect House
- Furnishings may be included with the sale
- Condominium fee covers all utilities
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 | $14.0k | $28.80 |
| − Vacancy | −$698 | −$1.44 |
| EGI | $13.3k | $27.36 |
| − OpEx | −$6.0k | −$12.31 |
| NOI | $7.3k | $15.05 |
485 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$104.3K
$91.2K – $121.6K
NOI $7,298 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$269.4K
$235.7K – $314.3K
NOI $18,857 @ 7.0% cap · market cap 8.57%
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
3,068
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 - Prospect House provides utility-inclusive ownership with pool amenities and a 24-hour front desk.
Where is this residential income property located?
The property is located at 1200 N NASH STREET Unit 565 Arlington, VA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Studio unit in Prospect House; Furnishings may be included with the sale; Condominium fee covers all utilities
