Updated Residential Income
For Sale
$335,000
1809 N QUEENS LANE Unit 2-147, Arlington, VA 22201
One-bedroom condo with renovated kitchen and bath, in-unit HVAC, storage, and off-street parking.
Property Size675 SF
Price / SF$496.30
Days on Market30
Property Features for 1809 N QUEENS LANE Unit 2-147
General Information
Standard status
Active
Size
675 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Colonial Village
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,470
Amenities
storage bin
Building Details
Building Size
675 SF
Year Built
1940
Construction
garden-style
Listing Agency:
Buchanan Property Management
Listed By:
Bruce E. Buchanan · License #0225240784
(571) 766-6108
Source:
Jackrealtygroup
Added: Sep 29
Changed: Oct 26
Last Checked: Oct 26 at 10:33AM
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 Buchanan Property Management
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Investment Insights
Based on property information with market context.
This 675-square-foot, one-bedroom, one-bathroom condo is in a garden-style residential property built in 1940. Interior features include luxury vinyl plank flooring in the main living area, a renovated kitchen, and an updated bathroom. The HVAC system was installed in 2022.
The unit includes a storage bin and access to unassigned off-street parking. The property is located at 1809 N Queens Lane in Arlington, Virginia.
The unit includes a storage bin and access to unassigned off-street parking. The property is located at 1809 N Queens Lane in Arlington, Virginia.
Key Highlights
- 675‑square‑foot condo with 1 bedroom and 1 bathroom
- Kitchen renovated; bathroom updated
- HVAC system installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,157
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,140
$203.1K
Cap Rate 7%
$145,100
$145.1K
Cap Rate 9%
$112,856
$112.9K
Market Conditions
NOI Build-Up for 675 SF
Gross rent
$19.4K $28.80/SF
− Vacancy
−$972 −$1.44/SF
EGI
$18.5K $27.36/SF
− OpEx
−$8.3K −$12.31/SF
NOI
$10.2K $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%
$203,140
Cap Rate 7%
$145,100
Cap Rate 9%
$112,856
Alternative Uses
Best Use
Apartment 5plus
$145.1K
$127.0K – $169.3K
NOI $10,157 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$374.9K
$328.1K – $437.4K
NOI $26,244 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,125
Businesses Nearby
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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 - One-bedroom condo with renovated kitchen and bath, in-unit HVAC, storage, and off-street parking.
Where is this residential income property located?
The property is located at 1809 N QUEENS LANE Unit 2-147 Arlington, VA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 675‑square‑foot condo with 1 bedroom and 1 bathroom; Kitchen renovated; bathroom updated; HVAC system installed in 2022
