Remodeled One-Bedroom Income
For Sale
$525,000
1200 N NASH STREET Unit 232, Arlington, VA 22209
Updated residence with a private patio, abundant natural light, and access to extensive building amenities.
Property Size1,177 SF
Days on Market9
Property Features for 1200 N NASH STREET Unit 232
General Information
Standard status
Active
Size
1,177 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,334
Amenities
patio
24-hour desk service
security
exercise room
community room
heated pool
convenience store/dry cleaners
Building Details
Building Size
1,177 SF
Year Built
1964
Listing Agency:
CENTURY 21 New Millennium
(703) 524-3170
Listed By:
Patricia T Darneille · License #0225155561
(703) 524-3170
Source:
Kwcapitalproperties
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 12:43PM
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 CENTURY 21 New Millennium
Investment Insights
Based on property information with market context.
This one-bedroom residential income property has been fully remodeled and includes an expansive patio overlooking landscaped grounds and the city. A 13-foot living room ceiling, wall of glass, and abundant natural light define the main living area. The updated kitchen features white cabinetry and stainless steel appliances, while the bathroom has also been remodeled.
The building was constructed in 1964 and provides 24-hour desk service, security, an exercise room, community room, and an Olympic-style heated pool. A convenience store and dry cleaner are located on the lower level. The property is five blocks from the Rosslyn Metro and minutes from downtown DC and major shopping.
The building was constructed in 1964 and provides 24-hour desk service, security, an exercise room, community room, and an Olympic-style heated pool. A convenience store and dry cleaner are located on the lower level. The property is five blocks from the Rosslyn Metro and minutes from downtown DC and major shopping.
Key Highlights
- Fully remodeled one‑bedroom unit with updated kitchen and bathroom
- Expansive patio overlooking landscaped garden areas and the city
- 13‑foot ceiling and wall of glass in the living room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,711
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,220
$354.2K
Cap Rate 7%
$253,014
$253.0K
Cap Rate 9%
$196,789
$196.8K
Market Conditions
NOI Build-Up for 1,177 SF
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.
Gross rent
$33.9K $28.80/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$32.2K $27.36/SF
− OpEx
−$14.5K −$12.31/SF
NOI
$17.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$354,220
Cap Rate 7%
$253,014
Cap Rate 9%
$196,789
Alternative Uses
Best Use
Apartment 5plus
$253.0K
$221.4K – $295.2K
NOI $17,711 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$653.7K
$572.0K – $762.7K
NOI $45,762 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 - Updated residence with a private patio, abundant natural light, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 1200 N NASH STREET Unit 232 Arlington, VA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully remodeled one‑bedroom unit with updated kitchen and bathroom; Expansive patio overlooking landscaped garden areas and the city; 13‑foot ceiling and wall of glass in the living room
