One-Bedroom Residential Income
New
For Sale
$310,000
1728 N QUEENS LANE Unit 3-181, Arlington, VA 22201
Top-floor condo with a renovated galley kitchen and shared laundry in the building basement.
Property Size604 SF
Price / SF$513.25
Days on Market3
Property Features for 1728 N QUEENS LANE Unit 3-181
General Information
Standard status
Active
Size
604 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
$3,362
Amenities
ceiling fans
shared laundry
Building Details
Building Size
604 SF
Year Built
1940
Listing Agency:
Corcoran McEnearney
Listed By:
Alyssa J Cannon · License #0225173935
(703) 585-8167
Source:
Kwcapitalproperties
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 2:18AM
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 Corcoran McEnearney
Investment Insights
Based on property information with market context.
This 604-square-foot, top-floor condo has one bedroom and one bathroom. The galley kitchen has been renovated, and ceiling fans are installed in both the living room and bedroom. Shared laundry facilities are located in the building basement. The property was built in 1940.
Courthouse and Rosslyn Metro stations are within walking distance. The condo is in Arlington, Virginia.
Courthouse and Rosslyn Metro stations are within walking distance. The condo is in Arlington, Virginia.
Key Highlights
- 604‑square‑foot condo with one bedroom and one bathroom
- Top‑floor unit in a building constructed in 1940
- Renovated galley kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,089
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,780
$181.8K
Cap Rate 7%
$129,843
$129.8K
Cap Rate 9%
$100,989
$101.0K
Market Conditions
NOI Build-Up for 604 SF
Gross rent
$17.4K $28.80/SF
− Vacancy
−$870 −$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 Rate 5%
$181,780
Cap Rate 7%
$129,843
Cap Rate 9%
$100,989
Alternative Uses
Best Use
Apartment 5plus
$129.8K
$113.6K – $151.5K
NOI $9,089 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$335.5K
$293.6K – $391.4K
NOI $23,484 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,125
Businesses Nearby
Explore this area
Business Placement
Demographics for 22201, VA
39,331
Population
21,787
Households
1.8
Avg Household Size
32
Median Age
86%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
17,100
Density / Sq Mi
$141,736
Median Household Income
$89,508
Median Earnings
$2,468
Median Rent
$760,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condo with a renovated galley kitchen and shared laundry in the building basement.
Where is this residential income property located?
The property is located at 1728 N QUEENS LANE Unit 3-181 Arlington, VA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 604‑square‑foot condo with one bedroom and one bathroom; Top‑floor unit in a building constructed in 1940; Renovated galley kitchen
