Residential Condominium with Private
For Sale
$299,900
1830 COLUMBIA PIKE Unit 306, Arlington, VA 22204
Residents have access to a pool, secured entry, on-site management, shared laundry, bike storage, and parking.
Property Size1,055 SF
Price / SF$284.27
Days on Market104
Property Features for 1830 COLUMBIA PIKE Unit 306
General Information
Standard status
Active
Size
1,055 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,351
Amenities
community pool
secure building entry
on-site management
common laundry
bike storage
ample parking
private balcony
Building Details
Building Size
1,055 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 17
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This condominium at The Lancaster has a living and dining area, generous closet space, and a private balcony. The building, completed in 1964, offers a community pool, secured entry, on-site management, common laundry, bike storage, and parking. The condo fee includes gas, electricity, water, heat, and air conditioning.
The property is on Columbia Pike in Arlington, with access to bus service, shops, dining, and parks. The Pentagon, Pentagon City, Amazon HQ2, Washington, D.C., Reagan National Airport, and I-395 are also cited as nearby destinations.
The property is on Columbia Pike in Arlington, with access to bus service, shops, dining, and parks. The Pentagon, Pentagon City, Amazon HQ2, Washington, D.C., Reagan National Airport, and I-395 are also cited as nearby destinations.
Key Highlights
- Private balcony and connected living and dining areas
- Condo fee covers gas, electricity, water, heat, and air conditioning
- Community pool, secured building entry, and on‑site management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,876
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,520
$317.5K
Cap Rate 7%
$226,800
$226.8K
Cap Rate 9%
$176,400
$176.4K
Market Conditions
NOI Build-Up for 1,055 SF
Gross rent
$30.4K $28.80/SF
− Vacancy
−$1.5K −$1.44/SF
EGI
$28.9K $27.36/SF
− OpEx
−$13.0K −$12.31/SF
NOI
$15.9K $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%
$317,520
Cap Rate 7%
$226,800
Cap Rate 9%
$176,400
Alternative Uses
Best Use
Apartment 5plus
$226.8K
$198.5K – $264.6K
NOI $15,876 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$586.0K
$512.7K – $683.6K
NOI $41,018 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
Business Placement
Demographics for 22204, VA
52,761
Population
24,128
Households
2.2
Avg Household Size
35
Median Age
62%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
12,869
Density / Sq Mi
$109,277
Median Household Income
$73,091
Median Earnings
$1,871
Median Rent
$672,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a pool, secured entry, on-site management, shared laundry, bike storage, and parking.
Where is this residential income property located?
The property is located at 1830 COLUMBIA PIKE Unit 306 Arlington, VA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Private balcony and connected living and dining areas; Condo fee covers gas, electricity, water, heat, and air conditioning; Community pool, secured building entry, and on‑site management
