One-Bedroom Residential
For Sale
$252,400
226 N THOMAS STREET N Unit 226-3, Arlington, VA 22203
A separate dining area, in-unit laundry, and community amenities complement this Arlington condominium.
Property Size666 SF
Price / SF$378.98
Days on Market97
Property Features for 226 N THOMAS STREET N Unit 226-3
General Information
Standard status
Active
Size
666 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Buckingham
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,723
Amenities
fitness center
community room
in-unit washer/dryer
Building Details
Building Size
666 SF
Year Built
1940
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 26 at 3:02PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 666-square-foot condominium has one bedroom, one bathroom, hardwood flooring, crown molding, and a traditional floor plan with a distinct dining area. The kitchen includes an electric range, microwave, and refrigerator; an in-unit washer and dryer are also present. Built in 1940, the residence is part of a community with a fitness center, community room, and maintained common grounds.
The condo fee covers heat, water, trash removal, and professional management. The property is near Ballston, public transportation, parks, shopping, and dining, with access to major commuter routes.
The condo fee covers heat, water, trash removal, and professional management. The property is near Ballston, public transportation, parks, shopping, and dining, with access to major commuter routes.
Key Highlights
- 666‑square‑foot condo with 1 bedroom and 1 bathroom
- Hardwood floors and crown molding
- Separate dining area and traditional floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,022
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,440
$200.4K
Cap Rate 7%
$143,171
$143.2K
Cap Rate 9%
$111,356
$111.4K
Market Conditions
NOI Build-Up for 666 SF
Gross rent
$19.2K $28.80/SF
− Vacancy
−$959 −$1.44/SF
EGI
$18.2K $27.36/SF
− OpEx
−$8.2K −$12.31/SF
NOI
$10.0K $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%
$200,440
Cap Rate 7%
$143,171
Cap Rate 9%
$111,356
Alternative Uses
Best Use
Apartment 5plus
$143.2K
$125.3K – $167.0K
NOI $10,022 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$369.9K
$323.7K – $431.6K
NOI $25,894 @ 7.0% cap · market cap 10.26%
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
946
Businesses Nearby
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Business Placement
Demographics for 22203, VA
25,437
Population
14,528
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
15,898
Density / Sq Mi
$132,402
Median Household Income
$90,699
Median Earnings
$2,318
Median Rent
$809,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A separate dining area, in-unit laundry, and community amenities complement this Arlington condominium.
Where is this residential income property located?
The property is located at 226 N THOMAS STREET N Unit 226-3 Arlington, VA.
What is the asking price?
The asking price for this property is $252,400.
What are key features of this property?
This property features: 666‑square‑foot condo with 1 bedroom and 1 bathroom; Hardwood floors and crown molding; Separate dining area and traditional floor plan
