Updated One-Bedroom
New
For Sale
$299,000
1565 N COLONIAL TERRACE Unit 204-Z, Arlington, VA 22209
Open layout with balcony views and stainless steel kitchen appliances.
Property Size603 SF
Days on Market3
Property Features for 1565 N COLONIAL TERRACE Unit 204-Z
General Information
Standard status
Active
Size
603 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,073
Amenities
private balcony
stainless steel appliances
laundry in building
landscaped grounds
Building Details
Building Size
603 SF
Year Built
1956
Listing Agency:
TTR Sothebys International Realty
Listed By:
Kelly Olafsson · License #0225077743
(703) 489-9663
Source:
Kwcapitalproperties
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 10 at 5:41AM
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 TTR Sothebys International Realty
Investment Insights
Based on property information with market context.
This updated one-bedroom, one-bathroom condominium features an open floorplan designed to use the living space efficiently. The eat-in kitchen includes stainless steel appliances, while a private balcony provides views toward Georgetown. The building was constructed in 1956.
Residents have access to landscaped grounds, in-building laundry, and nearby parks. The Metro is one block away, with Key Bridge and Georgetown a few blocks from the property. Shops, cafes, and restaurants are also located close by.
Residents have access to landscaped grounds, in-building laundry, and nearby parks. The Metro is one block away, with Key Bridge and Georgetown a few blocks from the property. Shops, cafes, and restaurants are also located close by.
Key Highlights
- Updated 1‑bedroom, 1‑bathroom condominium with an efficient open floorplan
- Private balcony with views toward Georgetown
- Eat‑in kitchen equipped with stainless steel appliances
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
$9,074
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
3.03%
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%
$181,480
$181.5K
Cap Rate 7%
$129,629
$129.6K
Cap Rate 9%
$100,822
$100.8K
Market Conditions
NOI Build-Up for 603 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
$17.4K $28.80/SF
− Vacancy
−$868 −$1.44/SF
EGI
$16.5K $27.36/SF
− OpEx
−$7.4K −$12.31/SF
NOI
$9.1K $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%
$181,480
Cap Rate 7%
$129,629
Cap Rate 9%
$100,822
Alternative Uses
Best Use
Apartment 5plus
$129.6K
$113.4K – $151.2K
NOI $9,074 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$334.9K
$293.1K – $390.8K
NOI $23,445 @ 7.0% cap · market cap 7.84%
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
3,827
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 - Open layout with balcony views and stainless steel kitchen appliances.
Where is this residential income property located?
The property is located at 1565 N COLONIAL TERRACE Unit 204-Z Arlington, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Updated 1‑bedroom, 1‑bathroom condominium with an efficient open floorplan; Private balcony with views toward Georgetown; Eat‑in kitchen equipped with stainless steel appliances
