Corner Residential Income
For Sale
$299,000
1917 N RHODES STREET Unit 13, Arlington, VA 22201
Second-floor unit features updated kitchen finishes, multiple exposures, and dedicated storage.
Property Size600 SF
Days on Market14
Property Features for 1917 N RHODES STREET Unit 13
General Information
Standard status
Active
Size
600 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,356
Amenities
on-site storage
Building Details
Building Size
600 SF
Year Built
1940
Listing Agency:
Samson Properties
(703) 969-9478
Listed By:
Debra Brickwedde · License #0225210426
(703) 969-9478
Source:
Kwcapitalproperties
Added: Aug 13
Changed: Aug 21
Last Checked: Aug 25 at 11:36AM
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 Samson Properties
Investment Insights
Based on property information with market context.
Built in 1940, this second-floor corner unit offers windows on multiple sides, bringing natural light into the residence. The kitchen includes stainless steel appliances and quartz countertops, while the interior was painted in August 2026. Storage includes four closets within the unit plus an additional storage unit on site.
The property is located in Historic Colonial Village in Arlington, VA, an established residential setting with mature trees, wooded surroundings, and walking paths. Metro access is within walking distance, and major highways are nearby for regional travel. The residence is identified as Unit 13 at 1917 N Rhodes Street.
The property is located in Historic Colonial Village in Arlington, VA, an established residential setting with mature trees, wooded surroundings, and walking paths. Metro access is within walking distance, and major highways are nearby for regional travel. The residence is identified as Unit 13 at 1917 N Rhodes Street.
Key Highlights
- Second‑floor corner unit with windows on multiple sides
- Kitchen includes stainless steel appliances and quartz countertops
- Interior painted in August 2026
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
$9,029
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
3.02%
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%
$180,580
$180.6K
Cap Rate 7%
$128,986
$129.0K
Cap Rate 9%
$100,322
$100.3K
Market Conditions
NOI Build-Up for 600 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
$17.3K $28.80/SF
− Vacancy
−$864 −$1.44/SF
EGI
$16.4K $27.36/SF
− OpEx
−$7.4K −$12.31/SF
NOI
$9.0K $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%
$180,580
Cap Rate 7%
$128,986
Cap Rate 9%
$100,322
Alternative Uses
Best Use
Apartment 5plus
$129.0K
$112.9K – $150.5K
NOI $9,029 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$333.3K
$291.6K – $388.8K
NOI $23,328 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor unit features updated kitchen finishes, multiple exposures, and dedicated storage.
Where is this residential income property located?
The property is located at 1917 N RHODES STREET Unit 13 Arlington, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Second‑floor corner unit with windows on multiple sides; Kitchen includes stainless steel appliances and quartz countertops; Interior painted in August 2026
