Residential Income Property with
For Sale
$389,000
1402 12TH STREET N Unit S205, Arlington, VA 22209
The condo fee includes utilities, two off-street parking spaces, and building maintenance.
Property Size840 SF
Days on Market14
Property Features for 1402 12TH STREET N Unit S205
General Information
Standard status
Active
Size
840 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,186
Amenities
laundry room
storage
Building Details
Building Size
840 SF
Year Built
1952
Listing Agency:
Compass
Listed By:
Pia Taylor · License #0225210036
(301) 661-9974
Source:
Kwcapitalproperties
Added: Sep 23
Changed: Oct 3
Last Checked: Oct 5 at 9:13PM
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 Compass
Investment Insights
Based on property information with market context.
This residential property has a renovated kitchen and bathroom, two bedrooms, and a dining area sized for four to six people. The building also provides a laundry room and additional storage. Built in 1952, it includes two off-street parking spaces, and the condo fee covers utilities, trash service, snow removal, and building maintenance.
The property is within walking distance of the Rosslyn Metro and Georgetown, with the Iwo Jima Memorial and Quarterdeck restaurant nearby. Reagan National Airport and major highways are also accessible from the area.
The property is within walking distance of the Rosslyn Metro and Georgetown, with the Iwo Jima Memorial and Quarterdeck restaurant nearby. Reagan National Airport and major highways are also accessible from the area.
Key Highlights
- Renovated kitchen and bathroom
- Two bedrooms and a dining area for four to six people
- Condo fee covers utilities, trash, snow removal, and building maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,640
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,800
$252.8K
Cap Rate 7%
$180,571
$180.6K
Cap Rate 9%
$140,444
$140.4K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$24.2K $28.80/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$23.0K $27.36/SF
− OpEx
−$10.3K −$12.31/SF
NOI
$12.6K $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 Rate 5%
$252,800
Cap Rate 7%
$180,571
Cap Rate 9%
$140,444
Alternative Uses
Best Use
Apartment 5plus
$180.6K
$158.0K – $210.7K
NOI $12,640 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$466.6K
$408.2K – $544.3K
NOI $32,659 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,699
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 - The condo fee includes utilities, two off-street parking spaces, and building maintenance.
Where is this residential income property located?
The property is located at 1402 12TH STREET N Unit S205 Arlington, VA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Renovated kitchen and bathroom; Two bedrooms and a dining area for four to six people; Condo fee covers utilities, trash, snow removal, and building maintenance
