Renovated Condominium with Garage
For Sale
$429,900
1300 ARMY NAVY DRIVE Unit 1012, Arlington, VA 22202
Updated interiors, building services, and shared recreational facilities define this Arlington residence.
Property Size1,115 SF
Price / SF$385.56
Days on Market19
Property Features for 1300 ARMY NAVY DRIVE Unit 1012
General Information
Standard status
Active
Size
1,115 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Ridge
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,587
Amenities
rooftop terrace
pool
tennis courts
party room
dog walking area
picnic space
car washing station
bike rental station
concierge
Building Details
Building Size
1,115 SF
Year Built
1965
Listing Agency:
Nomadic Real Estate Broker Services
Listed By:
Raymond Minarcik · License #0225250873
(202) 223-9019
Source:
Jackrealtygroup
Added: Oct 10
Changed: Oct 26
Last Checked: Oct 26 at 10:29AM
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 Nomadic Real Estate Broker Services
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Investment Insights
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This 1,279-square-foot condominium, built in 1965, has been renovated with continuous LVP flooring, custom window shades, coffered ceilings, and updated lighting. The kitchen includes custom cabinetry and a reverse osmosis drinking water system. Both bathrooms have been redone, and the unit also features balconies, a wall-mounted TV, a wine cooler, and an electric fireplace. A deeded garage parking space and private storage unit are included.
Building services include a 24-hour concierge, rooftop terrace, swimming pool, tennis courts, party room with a full kitchen, dog-walking area, picnic space, and car-washing station. The rooftop terrace has views of the Washington Monument, Air Force Memorial, and DC skyline. The building’s utilities are covered by HOA fees except for internet and cable.
The property is within walking distance of Target and Harris Teeter, with access to Pentagon City Metro, Amazon HQ2, Westpost at National Landing, shops, dining, parks, and gyms.
Building services include a 24-hour concierge, rooftop terrace, swimming pool, tennis courts, party room with a full kitchen, dog-walking area, picnic space, and car-washing station. The rooftop terrace has views of the Washington Monument, Air Force Memorial, and DC skyline. The building’s utilities are covered by HOA fees except for internet and cable.
The property is within walking distance of Target and Harris Teeter, with access to Pentagon City Metro, Amazon HQ2, Westpost at National Landing, shops, dining, parks, and gyms.
Key Highlights
- 1,279‑square‑foot condominium with renovated interiors
- Deeded garage parking space and private storage unit
- Updated kitchen and both renovated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,779
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,580
$335.6K
Cap Rate 7%
$239,700
$239.7K
Cap Rate 9%
$186,433
$186.4K
Market Conditions
NOI Build-Up for 1,115 SF
Gross rent
$32.1K $28.80/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$30.5K $27.36/SF
− OpEx
−$13.7K −$12.31/SF
NOI
$16.8K $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%
$335,580
Cap Rate 7%
$239,700
Cap Rate 9%
$186,433
Alternative Uses
Best Use
Apartment 5plus
$239.7K
$209.7K – $279.7K
NOI $16,779 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$619.3K
$541.9K – $722.5K
NOI $43,351 @ 7.0% cap · market cap 10.08%
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
1,099
Businesses Nearby
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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 - Updated interiors, building services, and shared recreational facilities define this Arlington residence.
Where is this residential income property located?
The property is located at 1300 ARMY NAVY DRIVE Unit 1012 Arlington, VA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 1,279‑square‑foot condominium with renovated interiors; Deeded garage parking space and private storage unit; Updated kitchen and both renovated bathrooms
