Updated One-Bedroom
For Sale
$295,000
1300 ARMY NAVY DRIVE Unit 125, Arlington, VA 22202
Building amenities include an outdoor pool, tennis court, rooftop sundeck, and utilities covered by the condo fee.
Property Size900 SF
Price / SF$327.78
Days on Market27
Property Features for 1300 ARMY NAVY DRIVE Unit 125
General Information
Standard status
Active
Size
900 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Ridge
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,007
Amenities
concierge
pool
tennis court
community room
BBQ grills
picnic area
rooftop sundeck
secure entry
front desk
car wash station
bike storage
visitor parking
pet friendly
Building Details
Building Size
900 SF
Year Built
1965
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Jody L Wright · License #0225082620
(703) 582-5717
Source:
Mxwrealestate
Added: Oct 9
Changed: Oct 30
Last Checked: Nov 3 at 8:30AM
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 Berkshire Hathaway HomeServices PenFed Realty
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Investment Insights
Based on property information with market context.
This 900-square-foot condominium, built in 1965, has one bedroom and an extended balcony accessible from both the bedroom and living room. The kitchen and dining area were reconfigured with a peninsula and breakfast bar. Flooring was installed in 2021, along with kitchen updates that included a new sink and faucet and upgraded lighting. The bathroom has a tiled shower with frameless glass doors, while the bedroom includes custom closet organizers installed in 2023. A deeded garage parking space is included.
The building offers secure entry, a front desk, visitor parking, bike storage, an outdoor pool, tennis court, community room, barbecue areas, picnic space, and a rooftop sundeck. Utilities are included in the condo fee. A bus stop and BikeShare stations are in front of the building, and Pentagon City Metro is a 15-minute walk away. Pentagon Row, Pentagon City Mall, and several grocery retailers are nearby; the property also has access to I-395, I-495, I-66, Route 1, and the GW Parkway.
The building offers secure entry, a front desk, visitor parking, bike storage, an outdoor pool, tennis court, community room, barbecue areas, picnic space, and a rooftop sundeck. Utilities are included in the condo fee. A bus stop and BikeShare stations are in front of the building, and Pentagon City Metro is a 15-minute walk away. Pentagon Row, Pentagon City Mall, and several grocery retailers are nearby; the property also has access to I-395, I-495, I-66, Route 1, and the GW Parkway.
Key Highlights
- 900‑square‑foot, one‑bedroom condominium built in 1965
- Kitchen and dining area opened up with a peninsula and breakfast bar
- Flooring and kitchen updates completed in 2021; custom bedroom closet organizers added in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,543
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,860
$270.9K
Cap Rate 7%
$193,471
$193.5K
Cap Rate 9%
$150,478
$150.5K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$25.9K $28.80/SF
− Vacancy
−$1.3K −$1.44/SF
EGI
$24.6K $27.36/SF
− OpEx
−$11.1K −$12.31/SF
NOI
$13.5K $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%
$270,860
Cap Rate 7%
$193,471
Cap Rate 9%
$150,478
Alternative Uses
Best Use
Apartment 5plus
$193.5K
$169.3K – $225.7K
NOI $13,543 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$499.9K
$437.4K – $583.2K
NOI $34,992 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
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 - Building amenities include an outdoor pool, tennis court, rooftop sundeck, and utilities covered by the condo fee.
Where is this residential income property located?
The property is located at 1300 ARMY NAVY DRIVE Unit 125 Arlington, VA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 900‑square‑foot, one‑bedroom condominium built in 1965; Kitchen and dining area opened up with a peninsula and breakfast bar; Flooring and kitchen updates completed in 2021; custom bedroom closet organizers added in 2023
