Updated Two-Bedroom Income
For Sale
$350,000
1301 N ODE STREET Unit 114, Arlington, VA 22209
Renovated condo with dedicated parking, storage, and convenient access to Rosslyn amenities and Metro service.
Property Size783 SF
Price / SF$446
Days on Market83
Property Features for 1301 N ODE STREET Unit 114
General Information
Standard status
Active
Size
783 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Parking per Unit
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,629
Amenities
separate storage unit
community laundry room
bike storage
Building Details
Building Size
783 SF
Year Built
1947
Listing Agency:
Gaja Realty
(703) 347-4978
Listed By:
Selvathambi Gangadhar · License #0225257513
(703) 347-4978
Source:
Kwcapitalproperties
Added: May 15
Changed: Aug 4
Last Checked: Aug 5 at 4:11AM
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 Gaja Realty
Investment Insights
Based on property information with market context.
This 783-square-foot, two-bedroom condominium includes a renovated kitchen with stainless steel appliances and quartz countertops, hardwood flooring, an updated bathroom, and new light fixtures. A separate dining room complements the naturally bright living room, while updated paint and a new HVAC system installed in 2022 support the refreshed interior. The property was built in 1947.
Additional building amenities include a private storage unit, community laundry room, and bike storage. Two off-street parking spaces are included. The home is located near Rosslyn restaurants and shops, National Landing, Georgetown, major roads, and Washington, DC, with Metro service 0.8 miles away.
Additional building amenities include a private storage unit, community laundry room, and bike storage. Two off-street parking spaces are included. The home is located near Rosslyn restaurants and shops, National Landing, Georgetown, major roads, and Washington, DC, with Metro service 0.8 miles away.
Key Highlights
- 783‑square‑foot two‑bedroom condominium
- Kitchen with stainless steel appliances and quartz countertops
- New HVAC installed in 2022
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.6k | $28.80 |
| − Vacancy | −$1.1k | −$1.44 |
| EGI | $21.4k | $27.36 |
| − OpEx | −$9.6k | −$12.31 |
| NOI | $11.8k | $15.05 |
783 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$168.3K
$147.3K – $196.4K
NOI $11,783 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$434.9K
$380.5K – $507.4K
NOI $30,443 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 22209, VA
14,859
Population
9,261
Households
1.6
Avg Household Size
33
Median Age
86%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
21,227
Density / Sq Mi
$110,824
Median Household Income
$83,221
Median Earnings
$2,171
Median Rent
$799,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condo with dedicated parking, storage, and convenient access to Rosslyn amenities and Metro service.
Where is this residential income property located?
The property is located at 1301 N ODE STREET Unit 114 Arlington, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 783‑square‑foot two‑bedroom condominium; Kitchen with stainless steel appliances and quartz countertops; New HVAC installed in 2022
