Updated Condominium with
1300 CRYSTAL DRIVE Unit 401S, Arlington, VA 22202
For Sale
$675,000
A deeded parking space and extensive building amenities complement the residence’s renovated kitchen and bathrooms.
Property Size1,516 SF
Price / SF$445.25
Days on Market44
Property Features for 1300 CRYSTAL DRIVE Unit 401S
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Daniel Martin · License VA #0225214964
(202) 957-1550
Source:
Canopy-re
Added: Oct 2
Changed: Nov 13
Last Checked: Nov 13 at 8:00AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,516-square-foot condominium has two bedrooms, two bathrooms, an open living and dining area, and a private balcony. The kitchen renovation includes an induction range, pull-out storage, and an oversized pantry. Custom interior features include a drop zone with a wine refrigerator and charging drawer, plus a living room feature wall with an electric fireplace and hidden media storage. The bathrooms have been updated, including an oversized primary-bath shower completed in 2023. A Bosch dishwasher was installed in 2022, and the HVAC system was replaced in 2015. One deeded parking space is included.
Building amenities include 24-hour concierge service, indoor and outdoor pools, a fitness center, library, party room, and in-house maintenance. Whole Foods is one block away. The building connects underground to Metro and nearby shopping; Long Bridge Park and Pentagon Row are also nearby. National Airport, the Pentagon, Washington, DC, I-395, I-66, and Route 1 are minutes away.
Building amenities include 24-hour concierge service, indoor and outdoor pools, a fitness center, library, party room, and in-house maintenance. Whole Foods is one block away. The building connects underground to Metro and nearby shopping; Long Bridge Park and Pentagon Row are also nearby. National Airport, the Pentagon, Washington, DC, I-395, I-66, and Route 1 are minutes away.
Key Highlights
- 1,516‑square‑foot condominium with 2 bedrooms, 2 bathrooms, and a private balcony
- Renovated kitchen features an induction range, pull‑out storage, and an oversized pantry
- Primary bathroom includes an oversized shower completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,813
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,260
$456.3K
Cap Rate 7%
$325,900
$325.9K
Cap Rate 9%
$253,478
$253.5K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$43.7K $28.80/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$41.5K $27.36/SF
− OpEx
−$18.7K −$12.31/SF
NOI
$22.8K $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%
$456,260
Cap Rate 7%
$325,900
Cap Rate 9%
$253,478
Alternative Uses
Best Use
Apartment 5plus
$325.9K
$285.2K – $380.2K
NOI $22,813 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$842.0K
$736.8K – $982.4K
NOI $58,942 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,934
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 deeded parking space and extensive building amenities complement the residence’s renovated kitchen and bathrooms.
Where is this residential income property located?
The property is located at 1300 CRYSTAL DRIVE Unit 401S Arlington, VA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,516‑square‑foot condominium with 2 bedrooms, 2 bathrooms, and a private balcony; Renovated kitchen features an induction range, pull‑out storage, and an oversized pantry; Primary bathroom includes an oversized shower completed in 2023
