Updated Residential Income
For Sale
$399,000
1762 N RHODES STREET Unit 6-354, Arlington, VA 22201
Top-floor residence with refreshed interiors, private storage, and resident-only parking in a courtyard community.
Property Size850 SF
Days on Market62
Property Features for 1762 N RHODES STREET Unit 6-354
General Information
Standard status
Active
Size
850 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,340
Amenities
courtyard
resident parking
Building Details
Building Size
850 SF
Year Built
1940
Listing Agency:
Compass
Listed By:
Kerry A Adams · License #0225061380
(703) 587-7841
Source:
Kwcapitalproperties
Added: Aug 20
Changed: Oct 17
Last Checked: Oct 19 at 5:03PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This top-floor residential income property offers a two-bedroom, one-bath layout with wood flooring and fresh paint throughout. The living and dining areas are arranged for everyday use, while both bedrooms include generous closet space. The bathroom has a newer vanity and lighting, and the kitchen features granite countertops, wood cabinetry, stainless steel appliances, and new refrigerator and dishwasher appliances. A dedicated storage space conveys with the unit.
The property is located in Colonial Village in North Arlington, with resident-only parking and low condo fees. Courthouse and Rosslyn Metro stations, restaurants, shops, parks, and biking and running trails are minutes away. Built in 1940, the residence combines updated interior finishes with access to established neighborhood amenities.
The property is located in Colonial Village in North Arlington, with resident-only parking and low condo fees. Courthouse and Rosslyn Metro stations, restaurants, shops, parks, and biking and running trails are minutes away. Built in 1940, the residence combines updated interior finishes with access to established neighborhood amenities.
Key Highlights
- Two‑bedroom, one‑bath top‑floor residence
- Updated kitchen with granite counters, wood cabinetry, and stainless steel appliances
- New refrigerator, dishwasher, bathroom vanity, and lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,791
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,820
$255.8K
Cap Rate 7%
$182,729
$182.7K
Cap Rate 9%
$142,122
$142.1K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$24.5K $28.80/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$23.3K $27.36/SF
− OpEx
−$10.5K −$12.31/SF
NOI
$12.8K $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%
$255,820
Cap Rate 7%
$182,729
Cap Rate 9%
$142,122
Alternative Uses
Best Use
Apartment 5plus
$182.7K
$159.9K – $213.2K
NOI $12,791 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor residence with refreshed interiors, private storage, and resident-only parking in a courtyard community.
Where is this residential income property located?
The property is located at 1762 N RHODES STREET Unit 6-354 Arlington, VA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath top‑floor residence; Updated kitchen with granite counters, wood cabinetry, and stainless steel appliances; New refrigerator, dishwasher, bathroom vanity, and lighting
