Residential Income Property with River
For Sale
$549,900
1200 N NASH STREET N Unit 531, Arlington, VA 22209
Condominium residence with expansive glazing, private outdoor space, parking, and access to full-service building amenities.
Property Size1,065 SF
Price / SF$518.77
Days on Market49
Property Features for 1200 N NASH STREET N Unit 531
General Information
Standard status
Active
Size
1,065 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
update at your own pace
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Public Transit
Yes
Units
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$5,945
Amenities
pool
fitness center
grand lobby
guest parking
24-hour concierge service
additional storage
laundry facilities
Building Details
Building Size
1,065 SF
Year Built
1980
Listing Agency:
RLAH @properties
Listed By:
Renata Briggman · License #0225069503
(703) 217-2077
Source:
Kwcapitalproperties
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 3 at 12:38PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This 1,060-square-foot condominium residence at Prospect House features a bright interior shaped by a full wall of windows and high ceilings. The floor plan includes a living room, separate dining area, kitchen with pass-through, oversized bedroom, walk-in closet, and substantial storage. An expansive balcony extends the living space and faces views toward the Potomac River and Washington skyline. The property was built in 1980 and includes one garage parking space plus an assigned surface space.
Prospect House provides a pool, fitness center, staffed lobby, guest parking, and 24-hour concierge service. The condominium fee includes electricity, heating, air conditioning, water, building maintenance, professional management, and laundry facilities. Additional resident storage is available through a wait list. The property is across from the Iwo Jima Memorial and Netherlands Carillon, with Rosslyn Metro, Georgetown, trails, parks, restaurants, and shopping nearby.
Prospect House provides a pool, fitness center, staffed lobby, guest parking, and 24-hour concierge service. The condominium fee includes electricity, heating, air conditioning, water, building maintenance, professional management, and laundry facilities. Additional resident storage is available through a wait list. The property is across from the Iwo Jima Memorial and Netherlands Carillon, with Rosslyn Metro, Georgetown, trails, parks, restaurants, and shopping nearby.
Key Highlights
- 1,060‑square‑foot residence with Potomac River and Washington skyline views
- Expansive balcony and full‑height window wall
- Living room, separate dining area, kitchen, oversized bedroom, walk‑in closet, and abundant storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,951
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,020
$319.0K
Cap Rate 7%
$227,871
$227.9K
Cap Rate 9%
$177,233
$177.2K
Market Conditions
NOI Build-Up for 1,060 SF
Gross rent
$30.5K $28.80/SF
− Vacancy
−$1.5K −$1.44/SF
EGI
$29.0K $27.36/SF
− OpEx
−$13.1K −$12.31/SF
NOI
$16.0K $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%
$319,020
Cap Rate 7%
$227,871
Cap Rate 9%
$177,233
Alternative Uses
Best Use
Apartment 5plus
$227.9K
$199.4K – $265.9K
NOI $15,951 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$588.8K
$515.2K – $686.9K
NOI $41,213 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,068
Businesses Nearby
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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 - Condominium residence with expansive glazing, private outdoor space, parking, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 1200 N NASH STREET N Unit 531 Arlington, VA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1,060‑square‑foot residence with Potomac River and Washington skyline views; Expansive balcony and full‑height window wall; Living room, separate dining area, kitchen, oversized bedroom, walk‑in closet, and abundant storage
