Two-Level Residential Income
New
For Sale
$549,900
1301 N COURTHOUSE ROAD Unit 1804, Arlington, VA 22201
Updated kitchen, private balcony, and two dedicated garage spaces complement an elevator-building residence with on-site amenities.
Property Size1,088 SF
Price / SF$499.91
Days on Market4
Property Features for 1301 N COURTHOUSE ROAD Unit 1804
General Information
Standard status
Active
Size
1,088 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$6,689
Amenities
concierge service
outdoor pool
fitness room
pet-friendly
Building Details
Building Size
1,088 SF
Year Built
1983
Listing Agency:
RLAH @properties
Listed By:
Lisa Dubois-Headley
(703) 350-9595
Source:
Kwcapitalproperties
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 13 at 2:48PM
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 two-level residential income property offers nearly 1,100 square feet with one bedroom, one and a half baths, and an open living arrangement. The main level includes a refreshed kitchen with stainless steel appliances, stone counters, and a breakfast bar connected to the dining area. Soaring ceilings, a gas fireplace, extensive glass, and a private balcony define the living room. Upstairs, the primary suite includes an ensuite bath and oversized windows, while the loft adds flexible space with a wet bar and skylight. The unit also has an in-unit washer and dryer, balcony storage, and an assigned storage closet.
The residence is located two blocks from the Courthouse Metro and offers access to Routes 50 and 66, Washington, DC, and Reagan National Airport. Building amenities include concierge service, an outdoor pool, a fitness room, elevators, and pet-friendly policies. Two dedicated garage spaces are included.
The residence is located two blocks from the Courthouse Metro and offers access to Routes 50 and 66, Washington, DC, and Reagan National Airport. Building amenities include concierge service, an outdoor pool, a fitness room, elevators, and pet-friendly policies. Two dedicated garage spaces are included.
Key Highlights
- Nearly 1,100 square feet with a two‑level layout, 1 bed, and 1.5 baths
- Private balcony with views of the DC monuments and Potomac River
- Two dedicated garage parking spaces, numbered 85 and 86
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
$16,553
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
3.01%
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%
$331,060
$331.1K
Cap Rate 7%
$236,471
$236.5K
Cap Rate 9%
$183,922
$183.9K
Market Conditions
NOI Build-Up for 1,100 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
$31.7K $28.80/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$30.1K $27.36/SF
− OpEx
−$13.5K −$12.31/SF
NOI
$16.6K $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%
$331,060
Cap Rate 7%
$236,471
Cap Rate 9%
$183,922
Alternative Uses
Best Use
Apartment 5plus
$236.5K
$206.9K – $275.9K
NOI $16,553 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, private balcony, and two dedicated garage spaces complement an elevator-building residence with on-site amenities.
Where is this residential income property located?
The property is located at 1301 N COURTHOUSE ROAD Unit 1804 Arlington, VA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Nearly 1,100 square feet with a two‑level layout, 1 bed, and 1.5 baths; Private balcony with views of the DC monuments and Potomac River; Two dedicated garage parking spaces, numbered 85 and 86
