Penthouse Residential Income
For Sale
$799,888
1301 N COURTHOUSE ROAD Unit 1807, Arlington, VA 22201
Two-bedroom penthouse residence with vaulted ceilings, private balcony, secure garage parking, and community amenities.
Property Size1,518 SF
Price / SF$526.94
Days on Market46
Property Features for 1301 N COURTHOUSE ROAD Unit 1807
General Information
Standard status
Active
Size
1,518 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$7,818
Building Details
Building Size
1,518 SF
Year Built
1983
Listing Agency:
RE/MAX Allegiance
Listed By:
Deborah Davis · License #0225225136
(703) 304-3558
Source:
Kerishull
Added: Jul 29
Changed: Sep 10
Last Checked: Sep 12 at 7:55AM
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 RE/MAX Allegiance
Investment Insights
Based on property information with market context.
This penthouse residential income property offers 2 bedrooms, 2.5 baths, and over 1,500 square feet of living space. The living room features two-story vaulted ceilings and floor-to-ceiling windows, while a private balcony extends the entertaining area and captures views toward Washington, D.C. The kitchen includes stainless steel appliances, quartz countertops, and a breakfast bar, with a refrigerator installed in 2025 and a range added in 2024. The primary suite includes a sitting area, dual closets, and a bath with dual vanities, a jetted tub, and a rain shower. A second bedroom and refinished full bath, completed in 2024, add flexibility for guests, family, or office use. Two secure garage parking spaces, three storage closets, and a washer and dryer installed in 2025 are included.
Community features include an outdoor pool, fitness center, concierge, and onsite management. The property is located two blocks from Courthouse Metro and near restaurants, cafes, and shops. Built in 1983, the residence is located at 1301 N Courthouse Road, Unit 1807, Arlington, Virginia 22201.
Community features include an outdoor pool, fitness center, concierge, and onsite management. The property is located two blocks from Courthouse Metro and near restaurants, cafes, and shops. Built in 1983, the residence is located at 1301 N Courthouse Road, Unit 1807, Arlington, Virginia 22201.
Key Highlights
- Penthouse residence with over 1,500 square feet, 2 bedrooms, and 2.5 baths
- Two‑story vaulted living room with floor‑to‑ceiling windows and private balcony
- Kitchen updated with refrigerator in 2025 and range in 2024
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
$22,843
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
2.86%
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%
$456,860
$456.9K
Cap Rate 7%
$326,329
$326.3K
Cap Rate 9%
$253,811
$253.8K
Market Conditions
NOI Build-Up for 1,518 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
$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 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%
$456,860
Cap Rate 7%
$326,329
Cap Rate 9%
$253,811
Alternative Uses
Best Use
Apartment 5plus
$326.3K
$285.5K – $380.7K
NOI $22,843 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$843.1K
$737.8K – $983.7K
NOI $59,020 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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 - Two-bedroom penthouse residence with vaulted ceilings, private balcony, secure garage parking, and community amenities.
Where is this residential income property located?
The property is located at 1301 N COURTHOUSE ROAD Unit 1807 Arlington, VA.
What is the asking price?
The asking price for this property is $799,888.
What are key features of this property?
This property features: Penthouse residence with over 1,500 square feet, 2 bedrooms, and 2.5 baths; Two‑story vaulted living room with floor‑to‑ceiling windows and private balcony; Kitchen updated with refrigerator in 2025 and range in 2024
