Two-Bedroom Condo with
For Sale
$369,900
1581 N COLONIAL TERRACE Unit 201-X, Arlington, VA 22209
The association fee covers gas, heat and water, with shared laundry and a storage bin in the building.
Property Size749 SF
Days on Market11
Property Features for 1581 N COLONIAL TERRACE Unit 201-X
General Information
Standard status
Active
Size
749 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,859
Amenities
private balcony
common laundry room
storage bin
extra-guard telephonic door control entry system
Building Details
Building Size
749 SF
Year Built
1956
Listing Agency:
KW Metro Center
Listed By:
Norman G Odeneal II · License #0225088276
(703) 587-0945
Source:
Kwcapitalproperties
Added: Oct 7
Changed: Oct 14
Last Checked: Oct 16 at 3:24PM
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 KW Metro Center
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Investment Insights
Based on property information with market context.
This two-bedroom condominium has a separate dining area, a private balcony with a view toward Georgetown, and a living room finished with new laminate plank flooring. The bathroom has been updated. The building, constructed in 1956, includes a common laundry room, a storage bin and a telephonic entry system. One unassigned parking permit is provided; a second may be available for an additional fee.
The property is on a tree-lined street a few blocks from Rosslyn Metro, served by the Orange, Silver and Blue lines. Georgetown University, Georgetown retail and restaurants, the Pentagon, State Department shuttles and the Custis Bike Trail are also cited nearby.
The property is on a tree-lined street a few blocks from Rosslyn Metro, served by the Orange, Silver and Blue lines. Georgetown University, Georgetown retail and restaurants, the Pentagon, State Department shuttles and the Custis Bike Trail are also cited nearby.
Key Highlights
- Two‑bedroom condominium with a private balcony and Georgetown view
- Separate dining area and living room with new laminate plank flooring
- Association fee includes gas, heat and water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,271
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,420
$225.4K
Cap Rate 7%
$161,014
$161.0K
Cap Rate 9%
$125,233
$125.2K
Market Conditions
NOI Build-Up for 749 SF
Gross rent
$21.6K $28.80/SF
− Vacancy
−$1.1K −$1.44/SF
EGI
$20.5K $27.36/SF
− OpEx
−$9.2K −$12.31/SF
NOI
$11.3K $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%
$225,420
Cap Rate 7%
$161,014
Cap Rate 9%
$125,233
Alternative Uses
Best Use
Apartment 5plus
$161.0K
$140.9K – $187.9K
NOI $11,271 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$416.0K
$364.0K – $485.4K
NOI $29,121 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
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
Frequently Asked Questions
What type of property is this?
Residential income property - The association fee covers gas, heat and water, with shared laundry and a storage bin in the building.
Where is this residential income property located?
The property is located at 1581 N COLONIAL TERRACE Unit 201-X Arlington, VA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑bedroom condominium with a private balcony and Georgetown view; Separate dining area and living room with new laminate plank flooring; Association fee includes gas, heat and water
