Residential Income Apartment
For Sale
$540,000
2300 N Pershing Dr N #B, Arlington, VA 22201
For-sale multifamily apartment building in Arlington County, offered as a residential income property.
Property Size1,778 SF
Price / SF$303.71
Days on Market64
Property Features for 2300 N Pershing Dr N #B
General Information
Standard status
Active
Size
1,778 SF
Total Parking Spaces
60
Zoning
C-1
Taxes and HOA fees
Annual Taxes
$10,432
Amenities
Central Air
Central, Natural Gas
City
Building Details
Building Size
1,778 SF
Year Built
2004
Listing Agency:
Dudley Resources
(757) 651-1729
Listed By:
Tim O. Dudley · License #0225224467
(757) 651-1729
Source:
Evrealestate
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 11 at 6:20AM
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 Dudley Resources
Investment Insights
Based on property information with market context.
This for-sale residential income apartment building is located at 2300 N Pershing Dr N #B. The listing is presented as an apartment building/multifamily property, with the available property information indicating a total size of 1,778. Further building details such as unit mix, interior finishes, or recent upgrades are not provided in the information available.
The property is in Arlington County, Virginia. Directions are provided for GPS routing to the address at the time of inquiry. No additional neighborhood specifics, access details, or nearby commercial anchors are included in the provided data.
For tenants, buyers, and brokers evaluating residential income opportunities, this asset can be reviewed as a straightforward multifamily apartment building offering in Arlington County. Prospective purchasers may want to confirm income potential, operating considerations, and any lease terms directly during due diligence, since those specifics are not included here. Overall, it presents as a modestly sized multifamily offering based on the information provided, and it can be positioned for further underwriting once complete financial and building details are obtained.
The property is in Arlington County, Virginia. Directions are provided for GPS routing to the address at the time of inquiry. No additional neighborhood specifics, access details, or nearby commercial anchors are included in the provided data.
For tenants, buyers, and brokers evaluating residential income opportunities, this asset can be reviewed as a straightforward multifamily apartment building offering in Arlington County. Prospective purchasers may want to confirm income potential, operating considerations, and any lease terms directly during due diligence, since those specifics are not included here. Overall, it presents as a modestly sized multifamily offering based on the information provided, and it can be positioned for further underwriting once complete financial and building details are obtained.
Key Highlights
- Multifamily apartment building in Arlington County
- Built in 2004
- Central Air cooling
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
$26,755
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
4.95%
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%
$535,100
$535.1K
Cap Rate 7%
$382,214
$382.2K
Cap Rate 9%
$297,278
$297.3K
Market Conditions
NOI Build-Up for 1,778 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
$51.2K $28.80/SF
− Vacancy
−$2.6K −$1.44/SF
EGI
$48.6K $27.36/SF
− OpEx
−$21.9K −$12.31/SF
NOI
$26.8K $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%
$535,100
Cap Rate 7%
$382,214
Cap Rate 9%
$297,278
Alternative Uses
Best Use
Apartment 5plus
$382.2K
$334.4K – $445.9K
NOI $26,755 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$987.6K
$864.1K – $1.15M
NOI $69,129 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,097
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - For-sale multifamily apartment building in Arlington County, offered as a residential income property.
Where is this apartment building located?
The property is located at 2300 N Pershing Dr N #B Arlington, VA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Multifamily apartment building in Arlington County; Built in 2004; Central Air cooling
