Residential Income Property with Updated
For Sale
$249,000
1300 S ARLINGTON RIDGE ROAD Unit 512, Arlington, VA 22202
The one-bedroom, one-bathroom condo has an FHA-approved status and two parking permits.
Property Size716 SF
Price / SF$347.77
Days on Market112
Property Features for 1300 S ARLINGTON RIDGE ROAD Unit 512
General Information
Standard status
Active
Size
716 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Ridge
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,486
Building Details
Building Size
716 SF
Year Built
1958
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 9
Changed: Oct 27
Last Checked: Oct 26 at 3:02PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 716-square-foot condo offers one bedroom and one bathroom. The kitchen has granite countertops and includes a stainless steel oven range, over-the-range microwave, refrigerator, and dishwasher. A walk-in closet serves the bedroom, and the property was built in 1958.
Two parking permits are provided for spaces behind the building. The condo is FHA-approved and is located near the Pentagon City Metro, schools, shopping, and restaurants.
Two parking permits are provided for spaces behind the building. The condo is FHA-approved and is located near the Pentagon City Metro, schools, shopping, and restaurants.
Key Highlights
- 716‑square‑foot condo with one bedroom and one bathroom
- Updated kitchen with granite countertops and stainless steel oven range
- Kitchen includes an over‑the‑range microwave, refrigerator, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,774
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,480
$215.5K
Cap Rate 7%
$153,914
$153.9K
Cap Rate 9%
$119,711
$119.7K
Market Conditions
NOI Build-Up for 716 SF
Gross rent
$20.6K $28.80/SF
− Vacancy
−$1.0K −$1.44/SF
EGI
$19.6K $27.36/SF
− OpEx
−$8.8K −$12.31/SF
NOI
$10.8K $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%
$215,480
Cap Rate 7%
$153,914
Cap Rate 9%
$119,711
Alternative Uses
Best Use
Apartment 5plus
$153.9K
$134.7K – $179.6K
NOI $10,774 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$397.7K
$348.0K – $464.0K
NOI $27,838 @ 7.0% cap · market cap 11.18%
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
1,140
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 - The one-bedroom, one-bathroom condo has an FHA-approved status and two parking permits.
Where is this residential income property located?
The property is located at 1300 S ARLINGTON RIDGE ROAD Unit 512 Arlington, VA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 716‑square‑foot condo with one bedroom and one bathroom; Updated kitchen with granite countertops and stainless steel oven range; Kitchen includes an over‑the‑range microwave, refrigerator, and dishwasher
