Two-Bedroom Residential Income
For Sale
$390,000
1301 S ARLINGTON RIDGE ROAD Unit 708, Arlington, VA 22202
A two-bedroom layout pairs a balcony and building amenities with access to Metro service and major commuter routes.
Property Size1,133 SF
Price / SF$344.22
Days on Market15
Property Features for 1301 S ARLINGTON RIDGE ROAD Unit 708
General Information
Standard status
Active
Size
1,133 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
waiting for your designer touches
Site & Location
Neighborhood
Arlington Ridge
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,375
Amenities
on-site building manager
permit parking
common laundry facilities
outdoor pool
picnic areas
private balcony
Building Details
Building Size
1,133 SF
Year Built
1965
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Mary Mandrgoc · License #0225099509
(703) 582-9539
Source:
Canopy-re
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 26 at 2:18PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,133-square-foot, two-bedroom, one-bath condo occupies the seventh floor of Ridge House, a 1965 building. Its living and dining area opens through sliding glass doors to a private balcony, and the kitchen has cabinet storage. Both bedrooms have dual closets; the hall bath includes a tub and shower. The unit is being sold in as-is condition. The building has common laundry facilities, an outdoor pool, picnic areas, permit parking, and an on-site manager. Condo fees include all utilities except cable and phone.
The property is in South Arlington, with access to Metro, I-395, and major commuter routes. Nearby destinations listed include Pentagon City, National Landing, Amazon HQ2, Long Bridge Park, Reagan National Airport, and the Mount Vernon Trail, along with shopping, dining, and entertainment.
The property is in South Arlington, with access to Metro, I-395, and major commuter routes. Nearby destinations listed include Pentagon City, National Landing, Amazon HQ2, Long Bridge Park, Reagan National Airport, and the Mount Vernon Trail, along with shopping, dining, and entertainment.
Key Highlights
- 1,133‑square‑foot condo with two bedrooms and one bath
- Seventh‑floor unit with a private balcony
- Condo fees cover all utilities except cable and phone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,049
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,980
$341.0K
Cap Rate 7%
$243,557
$243.6K
Cap Rate 9%
$189,433
$189.4K
Market Conditions
NOI Build-Up for 1,133 SF
Gross rent
$32.6K $28.80/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$31.0K $27.36/SF
− OpEx
−$13.9K −$12.31/SF
NOI
$17.0K $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%
$340,980
Cap Rate 7%
$243,557
Cap Rate 9%
$189,433
Alternative Uses
Best Use
Apartment 5plus
$243.6K
$213.1K – $284.2K
NOI $17,049 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$629.3K
$550.6K – $734.2K
NOI $44,051 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,140
Businesses Nearby
Explore this area
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 - A two-bedroom layout pairs a balcony and building amenities with access to Metro service and major commuter routes.
Where is this residential income property located?
The property is located at 1301 S ARLINGTON RIDGE ROAD Unit 708 Arlington, VA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1,133‑square‑foot condo with two bedrooms and one bath; Seventh‑floor unit with a private balcony; Condo fees cover all utilities except cable and phone
