One-Bedroom Residential Income
For Sale
$215,000
1300 ARMY NAVY DRIVE Unit 118, Arlington, VA 22202
Pool, tennis courts, secure building access and assigned covered-garage parking serve residents.
Property Size560 SF
Price / SF$383.93
Days on Market57
Property Features for 1300 ARMY NAVY DRIVE Unit 118
General Information
Standard status
Active
Size
560 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Ridge
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,361
Amenities
secure entry
pool
tennis courts
assigned parking
covered secure garage
Building Details
Building Size
560 SF
Year Built
1965
Listing Agency:
EXP Realty, LLC
Listed By:
Kristin M Francis · License #0225194522
(571) 348-4604
Source:
Jackrealtygroup
Added: Sep 2
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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
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Investment Insights
Based on property information with market context.
This 560-square-foot, one-bedroom condominium was built in 1965. The unit may be purchased furnished. Building amenities include secure entry, a swimming pool and tennis courts, with assigned parking in a covered, secure garage.
The property is steps from the Pentagon, Amazon HQ2 and Metro service, with dining and shopping in Pentagon City and Crystal City nearby.
The property is steps from the Pentagon, Amazon HQ2 and Metro service, with dining and shopping in Pentagon City and Crystal City nearby.
Key Highlights
- 560‑square‑foot, one‑bedroom condominium
- Furnished purchase option
- Pool and tennis courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,427
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,540
$168.5K
Cap Rate 7%
$120,386
$120.4K
Cap Rate 9%
$93,633
$93.6K
Market Conditions
NOI Build-Up for 560 SF
Gross rent
$16.1K $28.80/SF
− Vacancy
−$806 −$1.44/SF
EGI
$15.3K $27.36/SF
− OpEx
−$6.9K −$12.31/SF
NOI
$8.4K $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%
$168,540
Cap Rate 7%
$120,386
Cap Rate 9%
$93,633
Alternative Uses
Best Use
Apartment 5plus
$120.4K
$105.3K – $140.5K
NOI $8,427 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$311.0K
$272.2K – $362.9K
NOI $21,773 @ 7.0% cap · market cap 10.13%
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 - Pool, tennis courts, secure building access and assigned covered-garage parking serve residents.
Where is this residential income property located?
The property is located at 1300 ARMY NAVY DRIVE Unit 118 Arlington, VA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 560‑square‑foot, one‑bedroom condominium; Furnished purchase option; Pool and tennis courts
