Renovated Residential Income
New
For Sale
$319,000
1911 KEY BOULEVARD Unit 564, Arlington, VA 22201
Condominium offers updated interiors, efficient systems, private parking, and on-site laundry and bike storage.
Property Size608 SF
Days on Market7
Property Features for 1911 KEY BOULEVARD Unit 564
General Information
Standard status
Active
Size
608 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,367
Amenities
laundry facility
bike storage
storage unit
courtyard
Building Details
Building Size
608 SF
Year Built
1940
Listing Agency:
RLAH @properties
Listed By:
Keegan Dufresne
(301) 807-1080
Source:
Kwcapitalproperties
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 10 at 6:17AM
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 RLAH @properties
Investment Insights
Based on property information with market context.
This residential income property is a condominium in Colonial Village with an entry foyer, coat closet, maple hardwood flooring, upgraded windows, and plantation-style shutters. The renovated kitchen includes granite counters, 42-inch maple cabinetry, a refrigerator with ice maker, dishwasher, microwave, and range/convection oven. The bathroom has updated plumbing, tile finishes, vanity, mirror, and lighting. An energy-efficient heat pump and central air provide year-round climate control, while multiple closets and a storage unit in the adjacent building add practical storage. The property was built in 1940.
The home is near Courthouse Metro, the WO&D bike trail, restaurants, coffee shops, and DCA Airport. Residents have access to a private off-street parking lot, a separate laundry facility, dedicated bike storage, and a landscaped courtyard with mature trees and green space.
The home is near Courthouse Metro, the WO&D bike trail, restaurants, coffee shops, and DCA Airport. Residents have access to a private off-street parking lot, a separate laundry facility, dedicated bike storage, and a landscaped courtyard with mature trees and green space.
Key Highlights
- Renovated kitchen with granite counters and 42‑inch maple cabinets
- Maple hardwood flooring throughout the condominium
- Energy‑efficient heat pump, central air, and upgraded low‑energy‑rated windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,149
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,980
$183.0K
Cap Rate 7%
$130,700
$130.7K
Cap Rate 9%
$101,656
$101.7K
Market Conditions
NOI Build-Up for 608 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.5K $28.80/SF
− Vacancy
−$876 −$1.44/SF
EGI
$16.6K $27.36/SF
− OpEx
−$7.5K −$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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,980
Cap Rate 7%
$130,700
Cap Rate 9%
$101,656
Alternative Uses
Best Use
Apartment 5plus
$130.7K
$114.4K – $152.5K
NOI $9,149 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$337.7K
$295.5K – $394.0K
NOI $23,639 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,561
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium offers updated interiors, efficient systems, private parking, and on-site laundry and bike storage.
Where is this residential income property located?
The property is located at 1911 KEY BOULEVARD Unit 564 Arlington, VA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Renovated kitchen with granite counters and 42‑inch maple cabinets; Maple hardwood flooring throughout the condominium; Energy‑efficient heat pump, central air, and upgraded low‑energy‑rated windows
