Courtyard-View Residential Income
For Sale
$285,000
2102 N SCOTT STREET Unit 109, Arlington, VA 22209
One-bedroom condominium with updated finishes, reserved parking, shared laundry, storage, and access to a landscaped courtyard.
Property Size539 SF
Days on Market13
Property Features for 2102 N SCOTT STREET Unit 109
General Information
Standard status
Active
Size
539 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,000
Amenities
shared laundry facilities
storage unit
bike storage
lush courtyard
Building Details
Building Size
539 SF
Year Built
1947
Construction
garden-style
Listing Agency:
Keller Williams Realty
(703) 220-5022
Listed By:
Lucy M Brewer
(703) 220-5022
Source:
Kwcapitalproperties
Added: Aug 14
Changed: Aug 19
Last Checked: Aug 25 at 11:53AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium includes a combined living and dining area with a fireplace and built-in shelving. The kitchen has new flooring, freshly painted cabinetry, and stainless steel appliances, while the bedroom offers a large closet and bay window. Ceramic tile flooring, a tub-shower combination, vanity storage, foyer organization, fresh paint, and new lighting complete the interior. The updates are dated 2026.
The property includes one reserved parking space, shared laundry facilities, a storage unit, bike storage, and a shared courtyard. Water, sewer, and trash are included in the monthly condo fee. The residence is within walking distance of Georgetown, Rosslyn, and Courthouse Metros and Dawson Terrace Park, with Georgetown University, GWU, restaurants, and nightlife nearby. Access to I-66, Rte. 50, Rte. 29, and Langston Blvd. is also close at hand.
The property includes one reserved parking space, shared laundry facilities, a storage unit, bike storage, and a shared courtyard. Water, sewer, and trash are included in the monthly condo fee. The residence is within walking distance of Georgetown, Rosslyn, and Courthouse Metros and Dawson Terrace Park, with Georgetown University, GWU, restaurants, and nightlife nearby. Access to I-66, Rte. 50, Rte. 29, and Langston Blvd. is also close at hand.
Key Highlights
- 1 bed/1 bath condominium with courtyard views
- Kitchen flooring, cabinet paint, interior paint, and lighting updated in 2026
- One reserved parking space, storage unit, and bike storage
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
$8,111
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
2.85%
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%
$162,220
$162.2K
Cap Rate 7%
$115,871
$115.9K
Cap Rate 9%
$90,122
$90.1K
Market Conditions
NOI Build-Up for 539 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
$15.5K $28.80/SF
− Vacancy
−$776 −$1.44/SF
EGI
$14.7K $27.36/SF
− OpEx
−$6.6K −$12.31/SF
NOI
$8.1K $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%
$162,220
Cap Rate 7%
$115,871
Cap Rate 9%
$90,122
Alternative Uses
Best Use
Apartment 5plus
$115.9K
$101.4K – $135.2K
NOI $8,111 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 7.35%
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
2,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 22209, VA
14,859
Population
9,261
Households
1.6
Avg Household Size
33
Median Age
86%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
21,227
Density / Sq Mi
$110,824
Median Household Income
$83,221
Median Earnings
$2,171
Median Rent
$799,900
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 - One-bedroom condominium with updated finishes, reserved parking, shared laundry, storage, and access to a landscaped courtyard.
Where is this residential income property located?
The property is located at 2102 N SCOTT STREET Unit 109 Arlington, VA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1 bed/1 bath condominium with courtyard views; Kitchen flooring, cabinet paint, interior paint, and lighting updated in 2026; One reserved parking space, storage unit, and bike storage
