Top-Floor Two-Bedroom
For Sale
$395,000
2050 N CALVERT STREET Unit 404, Arlington, VA 22201
Updated interiors include hardwood flooring, a renovated bath, new carpet, and replaced windows with a transferable lifetime warranty.
Property Size796 SF
Price / SF$496.23
Days on Market28
Property Features for 2050 N CALVERT STREET Unit 404
General Information
Standard status
Active
Size
796 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Highlands
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,027
Building Details
Building Size
796 SF
Year Built
1987
Listing Agency:
Compass
Listed By:
Natalie Vaughan · License #0225180082
(571) 232-2934
Source:
Canopy-re
Added: Oct 1
Changed: Oct 26
Last Checked: Oct 26 at 12:51PM
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 Compass
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Investment Insights
Based on property information with market context.
Set on the building’s top floor, this two-bedroom, one-bath condo has hardwood flooring in the living room, a renovated bathroom, and new carpet in the dining area, hallway, and both bedrooms. The windows have been replaced and carry a lifetime warranty that transfers to the next owner. The property also includes one covered parking space and visitor parking.
The Custis Trail runs directly outside the building. Clarendon and Courthouse are each less than a mile away, with Metro service, restaurants, coffee shops, bars, and shopping nearby. Water, trash, and snow removal are included in the condo fees.
The Custis Trail runs directly outside the building. Clarendon and Courthouse are each less than a mile away, with Metro service, restaurants, coffee shops, bars, and shopping nearby. Water, trash, and snow removal are included in the condo fees.
Key Highlights
- Two bedrooms and one bathroom on the building’s top floor
- Hardwood living room flooring, renovated bath, and new carpet in the dining area, hallway, and bedrooms
- Replaced windows include a lifetime warranty transferable to the next owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,978
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,560
$239.6K
Cap Rate 7%
$171,114
$171.1K
Cap Rate 9%
$133,089
$133.1K
Market Conditions
NOI Build-Up for 796 SF
Gross rent
$22.9K $28.80/SF
− Vacancy
−$1.1K −$1.44/SF
EGI
$21.8K $27.36/SF
− OpEx
−$9.8K −$12.31/SF
NOI
$12.0K $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 Rate 5%
$239,560
Cap Rate 7%
$171,114
Cap Rate 9%
$133,089
Alternative Uses
Best Use
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,978 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$442.1K
$386.9K – $515.8K
NOI $30,948 @ 7.0% cap · market cap 7.83%
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
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,899
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 - Updated interiors include hardwood flooring, a renovated bath, new carpet, and replaced windows with a transferable lifetime warranty.
Where is this residential income property located?
The property is located at 2050 N CALVERT STREET Unit 404 Arlington, VA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom on the building’s top floor; Hardwood living room flooring, renovated bath, and new carpet in the dining area, hallway, and bedrooms; Replaced windows include a lifetime warranty transferable to the next owner
