Updated Residential
For Sale
$725,000
1300 CRYSTAL DRIVE Unit 601S, Arlington, VA 22202
A renovated two-bedroom home pairs a private balcony with a deeded parking space and extensive building amenities.
Property Size1,516 SF
Price / SF$478.23
Days on Market31
Property Features for 1300 CRYSTAL DRIVE Unit 601S
General Information
Standard status
Active
Size
1,516 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Crystal City
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,744
Amenities
24-hour concierge service
indoor pool
outdoor pool
fitness center
library
party room
in-house maintenance program
Building Details
Building Size
1,516 SF
Year Built
1981
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Daniel Martin · License #0225214964
(202) 957-1550
Source:
Mxwrealestate
Added: Oct 2
Changed: Oct 30
Last Checked: Oct 30 at 1:56AM
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
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This 1,516-square-foot condominium has two bedrooms, two bathrooms, an upper-floor position, and a private balcony. The open living, dining, and kitchen areas include a renovated kitchen with an induction range, pull-out storage, and an oversized pantry. Custom features include a drop zone with a wine refrigerator and charging drawer, plus a living-room wall with an electric fireplace and concealed media storage. Both bathrooms have been updated; the primary bath shower was completed in 2023. The Bosch dishwasher dates to 2022, and the HVAC system was replaced in 2015. A deeded parking space is included.
At 1300 Crystal Drive in Arlington, the building connects underground to Metro and nearby shopping. Whole Foods is one block away, and Long Bridge Park and Pentagon Row are nearby. National Airport, the Pentagon, Washington, DC, I-395, I-66, and Route 1 are described as minutes away.
Building amenities include 24-hour concierge service, indoor and outdoor pools, a fitness center, library, party room, and in-house maintenance. Water and trash removal are included in the condo fee. The building is pet-free; it was built in 1981.
At 1300 Crystal Drive in Arlington, the building connects underground to Metro and nearby shopping. Whole Foods is one block away, and Long Bridge Park and Pentagon Row are nearby. National Airport, the Pentagon, Washington, DC, I-395, I-66, and Route 1 are described as minutes away.
Building amenities include 24-hour concierge service, indoor and outdoor pools, a fitness center, library, party room, and in-house maintenance. Water and trash removal are included in the condo fee. The building is pet-free; it was built in 1981.
Key Highlights
- 1,516‑square‑foot, two‑bedroom, two‑bath condominium
- Private balcony and deeded parking space
- Primary bathroom shower completed in 2023; Bosch dishwasher installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,813
Cap Rate
3.15%
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 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$842.0K
$736.8K – $982.4K
NOI $58,942 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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 renovated two-bedroom home pairs a private balcony with a deeded parking space and extensive building amenities.
Where is this residential income property located?
The property is located at 1300 CRYSTAL DRIVE Unit 601S Arlington, VA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,516‑square‑foot, two‑bedroom, two‑bath condominium; Private balcony and deeded parking space; Primary bathroom shower completed in 2023; Bosch dishwasher installed in 2022
