One-Bedroom Condo with
For Sale
$280,000
1300 S ARMY NAVY DRIVE Unit 1007, Arlington, VA 22202
The building provides concierge service, resident amenities, and utility-inclusive condominium fees.
Property Size900 SF
Price / SF$311.11
Days on Market36
Property Features for 1300 S ARMY NAVY DRIVE Unit 1007
General Information
Standard status
Active
Size
900 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Ridge
Taxes and HOA fees
Annual Taxes
$3,113
Building Details
Building Size
900 SF
Year Built
1965
Listing Agency:
Side
Listed By:
Karta Properties
(703) 509-4300
Source:
Kartaproperties
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 26 at 8:44PM
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 Side
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Investment Insights
Based on property information with market context.
This 900-square-foot, one-bedroom condominium includes an extended balcony with access from both the bedroom and living area, plus a deeded garage parking space. The kitchen and dining area were opened by removing the dividing wall and adding a peninsula with a butcher-block counter and breakfast bar. A 2021 refresh also brought new flooring, a sink and faucet, and updated lighting. The bathroom has a tiled shower with frameless glass doors, and the bedroom includes custom closet organizers installed in 2023.
Horizon House offers a 24-hour concierge, secure entry, visitor parking, bike storage, an outdoor pool, tennis court, community room, barbecue areas, picnic space, and rooftop sundeck. A bus stop and BikeShare stations are positioned in front of the building, and Pentagon City Metro is a 15-minute walk away. Shops and dining at Pentagon Row and Pentagon City Mall are nearby; Target and Harris Teeter are three blocks away. The property also has access to I-395, I-495, I-66, Route 1, and the George Washington Parkway. Condominium fees include all utilities.
Horizon House offers a 24-hour concierge, secure entry, visitor parking, bike storage, an outdoor pool, tennis court, community room, barbecue areas, picnic space, and rooftop sundeck. A bus stop and BikeShare stations are positioned in front of the building, and Pentagon City Metro is a 15-minute walk away. Shops and dining at Pentagon Row and Pentagon City Mall are nearby; Target and Harris Teeter are three blocks away. The property also has access to I-395, I-495, I-66, Route 1, and the George Washington Parkway. Condominium fees include all utilities.
Key Highlights
- 900‑square‑foot, one‑bedroom condominium
- Extended balcony accessible from the living room and bedroom
- Deeded garage parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,543
Cap Rate
4.84%
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 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$499.9K
$437.4K – $583.2K
NOI $34,992 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
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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 - The building provides concierge service, resident amenities, and utility-inclusive condominium fees.
Where is this residential income property located?
The property is located at 1300 S ARMY NAVY DRIVE Unit 1007 Arlington, VA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 900‑square‑foot, one‑bedroom condominium; Extended balcony accessible from the living room and bedroom; Deeded garage parking space
