Residential Income Property with
New
For Sale
$679,000
1600 N OAK STREET Unit 532, Arlington, VA 22209
A full-service residential building offers extensive shared amenities, including a pool, fitness center, tennis courts, and 24-hour front desk.
Property Size1,280 SF
Price / SF$530.47
Days on Market4
Property Features for 1600 N OAK STREET Unit 532
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Radnor/Fort Myer Heights
Taxes and HOA fees
Annual Taxes
$6,510
Building Details
Building Size
1,280 SF
Year Built
1987
Listing Agency:
Real Broker, LLC - Arlington
Listed By:
Matthew P Leighton · License #0225206552
(703) 472-0574
Source:
Kerishull
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 12:36PM
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 Real Broker, LLC - Arlington
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Investment Insights
Based on property information with market context.
This 1,280-square-foot, two-bedroom, two-bath residence includes an enclosed sunroom, spacious living and dining areas, and custom built-ins. Plank flooring was updated in 2022. The separate kitchen has stainless steel appliances, cherry cabinetry, Silestone countertops, and a pantry. The primary bathroom was renovated in 2025 and features a dual-sink vanity and glass-enclosed shower; the second bathroom has a tub. In-unit laundry, Elfa closets, a storage locker, and an indoor garage parking space are included.
The Belvedere is a full-service building with an outdoor pool, fitness center, tennis courts lined for pickleball, a 24-hour front desk, party room, convenience store, and car wash area. Completed capital improvements include the party room, hallways, mail area, and garage elevator lobbies; lobby and front circle redesigns are in early planning. The residence is two blocks from the Rosslyn Metro, Target, Starbucks, and Safeway, with Trader Joe's, Whole Foods, Georgetown, and Washington, D.C., also described as minutes away.
The Belvedere is a full-service building with an outdoor pool, fitness center, tennis courts lined for pickleball, a 24-hour front desk, party room, convenience store, and car wash area. Completed capital improvements include the party room, hallways, mail area, and garage elevator lobbies; lobby and front circle redesigns are in early planning. The residence is two blocks from the Rosslyn Metro, Target, Starbucks, and Safeway, with Trader Joe's, Whole Foods, Georgetown, and Washington, D.C., also described as minutes away.
Key Highlights
- 1,280‑square‑foot residence with 2 bedrooms, 2 bathrooms, and an enclosed sunroom
- Primary bathroom renovation completed in 2025; plank flooring updated in 2022
- One indoor garage parking space, in‑unit Samsung washer/dryer, and separate storage locker
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,261
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,220
$385.2K
Cap Rate 7%
$275,157
$275.2K
Cap Rate 9%
$214,011
$214.0K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$36.9K $28.80/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$35.0K $27.36/SF
− OpEx
−$15.8K −$12.31/SF
NOI
$19.3K $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%
$385,220
Cap Rate 7%
$275,157
Cap Rate 9%
$214,011
Alternative Uses
Best Use
Apartment 5plus
$275.2K
$240.8K – $321.0K
NOI $19,261 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$710.9K
$622.1K – $829.4K
NOI $49,766 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,100
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A full-service residential building offers extensive shared amenities, including a pool, fitness center, tennis courts, and 24-hour front desk.
Where is this residential income property located?
The property is located at 1600 N OAK STREET Unit 532 Arlington, VA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 1,280‑square‑foot residence with 2 bedrooms, 2 bathrooms, and an enclosed sunroom; Primary bathroom renovation completed in 2025; plank flooring updated in 2022; One indoor garage parking space, in‑unit Samsung washer/dryer, and separate storage locker
