Residential Income Property with
For Sale
$565,000
1301 N COURTHOUSE ROAD Unit 1610, Arlington, VA 22201
Two-bedroom condominium with updated kitchen, private storage, garage parking, and access to on-site fitness and pool amenities.
Property Size1,143 SF
Price / SF$494.31
Days on Market23
Property Features for 1301 N COURTHOUSE ROAD Unit 1610
General Information
Standard status
Active
Size
1,143 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$6,751
Amenities
on-site property management
outdoor pool
fitness center
sauna
Building Details
Building Size
1,143 SF
Year Built
1983
Listing Agency:
RLAH @properties
(703) 919-0254
Listed By:
Nancy Heisel · License #0225080399
(703) 919-0254
Source:
Kerishull
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 29 at 2:34PM
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 RLAH @properties
Investment Insights
Based on property information with market context.
This 1,143-square-foot condominium at 1301 N Courthouse Road, Unit 1610, was built in 1983 and offers two bedrooms, two full bathrooms, and an open living and kitchen arrangement. The kitchen was updated in 2022 with white cabinetry, subway tile, stainless steel appliances, quartz countertops, and a pass-through breakfast bar. A separate dining area can also serve as an office. Bedrooms are positioned on opposite sides of the living space, and the primary suite includes dual sinks, a makeup counter, linen storage, and multiple closets. A balcony provides views toward the Washington Monument and Jefferson Memorial.
The residence includes a 2022 LG stacked washer and dryer, custom blackout shades, a large storage unit, and two oversized garage parking spaces. Building amenities include on-site management with front desk coverage from 7 a.m. to 11 p.m. daily, an outdoor pool, fitness center, and sauna. Courthouse Metro is two blocks away, with coffee, pharmacy, dining, a movie theater, Whole Foods, and a weekend farmer’s market within walking distance. Route 50 provides access into DC.
The residence includes a 2022 LG stacked washer and dryer, custom blackout shades, a large storage unit, and two oversized garage parking spaces. Building amenities include on-site management with front desk coverage from 7 a.m. to 11 p.m. daily, an outdoor pool, fitness center, and sauna. Courthouse Metro is two blocks away, with coffee, pharmacy, dining, a movie theater, Whole Foods, and a weekend farmer’s market within walking distance. Route 50 provides access into DC.
Key Highlights
- 1,143 SF condominium with two bedrooms and two full bathrooms
- Kitchen updated in 2022 with quartz counters and stainless steel appliances
- Balcony views toward the Washington Monument and Jefferson Memorial
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,200
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,000
$344.0K
Cap Rate 7%
$245,714
$245.7K
Cap Rate 9%
$191,111
$191.1K
Market Conditions
NOI Build-Up for 1,143 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.9K $28.80/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$31.3K $27.36/SF
− OpEx
−$14.1K −$12.31/SF
NOI
$17.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,000
Cap Rate 7%
$245,714
Cap Rate 9%
$191,111
Alternative Uses
Best Use
Apartment 5plus
$245.7K
$215.0K – $286.7K
NOI $17,200 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$634.9K
$555.5K – $740.7K
NOI $44,440 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 22201, VA
39,331
Population
21,787
Households
1.8
Avg Household Size
32
Median Age
86%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
17,100
Density / Sq Mi
$141,736
Median Household Income
$89,508
Median Earnings
$2,468
Median Rent
$760,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with updated kitchen, private storage, garage parking, and access to on-site fitness and pool amenities.
Where is this residential income property located?
The property is located at 1301 N COURTHOUSE ROAD Unit 1610 Arlington, VA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1,143 SF condominium with two bedrooms and two full bathrooms; Kitchen updated in 2022 with quartz counters and stainless steel appliances; Balcony views toward the Washington Monument and Jefferson Memorial
