Renovated Residential Income
For Sale
$479,000
1300 ARMY NAVY DRIVE Unit 814, Arlington, VA 22202
A renovated condominium pairs private garage parking and storage with extensive shared amenities.
Property Size1,279 SF
Price / SF$374.51
Days on Market110
Property Features for 1300 ARMY NAVY DRIVE Unit 814
General Information
Standard status
Active
Size
1,279 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Ridge
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,190
Amenities
rooftop terrace
pool
tennis courts
party room
dog walking area
picnic space
car washing station
24-hour concierge
bike rental station
electric fireplace
reverse osmosis drinking water filtration system
custom shades
private storage unit
Building Details
Building Size
1,279 SF
Year Built
1965
Listing Agency:
Keller Williams Realty
Listed By:
Renzo Antonio Melendez Cabrera
(571) 387-0438
Source:
Kartaproperties
Added: Jul 11
Changed: Oct 27
Last Checked: Oct 27 at 4:15AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,279-square-foot residential income property is a renovated condominium with balconies, broad window areas, and LVP flooring throughout. Updates include coffered ceilings, upgraded lighting, custom kitchen cabinetry, a reverse-osmosis water filter, and remodeled bathrooms. Closet shelving, custom window shades, an electric fireplace, a wall-mounted TV, and a Bodega wine cooler are also included. The unit comes with a deeded garage parking space and a private storage unit.
Building services include a 24-hour concierge, rooftop terrace, pool, tennis courts, party room with a full kitchen, dog-walking area, picnic space, and car-washing station. HOA fees cover utilities other than internet and cable. On-site guest parking and on-street parking are available; the garage also has bicycle storage, and a bike rental station is on the property.
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. Built in 1965.
Building services include a 24-hour concierge, rooftop terrace, pool, tennis courts, party room with a full kitchen, dog-walking area, picnic space, and car-washing station. HOA fees cover utilities other than internet and cable. On-site guest parking and on-street parking are available; the garage also has bicycle storage, and a bike rental station is on the property.
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. Built in 1965.
Key Highlights
- Renovated 1,279‑square‑foot condominium
- Deeded garage parking space and private storage unit
- Utilities included in HOA fees except internet and cable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,246
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,920
$384.9K
Cap Rate 7%
$274,943
$274.9K
Cap Rate 9%
$213,844
$213.8K
Market Conditions
NOI Build-Up for 1,279 SF
Gross rent
$36.8K $28.80/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$35.0K $27.36/SF
− OpEx
−$15.7K −$12.31/SF
NOI
$19.2K $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%
$384,920
Cap Rate 7%
$274,943
Cap Rate 9%
$213,844
Alternative Uses
Best Use
Apartment 5plus
$274.9K
$240.6K – $320.8K
NOI $19,246 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
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 - A renovated condominium pairs private garage parking and storage with extensive shared amenities.
Where is this residential income property located?
The property is located at 1300 ARMY NAVY DRIVE Unit 814 Arlington, VA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Renovated 1,279‑square‑foot condominium; Deeded garage parking space and private storage unit; Utilities included in HOA fees except internet and cable
