Updated Top-Floor Residential
For Sale
$360,000
1931 N CLEVELAND STREET Unit 606, Arlington, VA 22201
The one-bedroom layout includes open living and dining areas, a kitchen, and generous closet space.
Property Size905 SF
Price / SF$397.79
Days on Market59
Property Features for 1931 N CLEVELAND STREET Unit 606
General Information
Standard status
Active
Size
905 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Highland
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,516
Building Details
Building Size
905 SF
Year Built
1960
Listing Agency:
Real Broker, LLC
Listed By:
Sameer Yousaf · License #0225274249
(703) 981-3734
Source:
Districtpropertygroup
Added: Aug 31
Changed: Oct 27
Last Checked: Oct 26 at 5:11PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
Residence 606 is a top-floor condominium with 905 square feet of interior space, one bedroom, and an open arrangement connecting the living and dining areas. The kitchen and bathroom were updated in 2026, alongside new flooring, fresh paint, and replacement light fixtures. HVAC equipment and appliances date to 2020. The building, constructed in 1960, provides secure entry. Water, gas, and trash are included in the condo fee.
The home is on N Cleveland Street in Arlington, near the Courthouse Metro station, restaurants, grocery stores, parks, and shopping. Clarendon, Rosslyn, Washington, D.C., and major commuter routes are also identified as nearby destinations. The location is within the Rosslyn-Ballston Corridor and offers access to National Landing and Amazon HQ2.
The home is on N Cleveland Street in Arlington, near the Courthouse Metro station, restaurants, grocery stores, parks, and shopping. Clarendon, Rosslyn, Washington, D.C., and major commuter routes are also identified as nearby destinations. The location is within the Rosslyn-Ballston Corridor and offers access to National Landing and Amazon HQ2.
Key Highlights
- 905‑square‑foot, top‑floor condominium with one bedroom
- Kitchen and bathroom updated in 2026; new flooring and light fixtures, plus fresh paint
- HVAC system and appliances replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,618
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,360
$272.4K
Cap Rate 7%
$194,543
$194.5K
Cap Rate 9%
$151,311
$151.3K
Market Conditions
NOI Build-Up for 905 SF
Gross rent
$26.1K $28.80/SF
− Vacancy
−$1.3K −$1.44/SF
EGI
$24.8K $27.36/SF
− OpEx
−$11.1K −$12.31/SF
NOI
$13.6K $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%
$272,360
Cap Rate 7%
$194,543
Cap Rate 9%
$151,311
Alternative Uses
Best Use
Apartment 5plus
$194.5K
$170.2K – $227.0K
NOI $13,618 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$502.7K
$439.8K – $586.4K
NOI $35,186 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,712
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 - The one-bedroom layout includes open living and dining areas, a kitchen, and generous closet space.
Where is this residential income property located?
The property is located at 1931 N CLEVELAND STREET Unit 606 Arlington, VA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 905‑square‑foot, top‑floor condominium with one bedroom; Kitchen and bathroom updated in 2026; new flooring and light fixtures, plus fresh paint; HVAC system and appliances replaced in 2020
