Residential Income Property with
For Sale
$435,000
2465 ARMY NAVY DRIVE Unit 1-202, Arlington, VA 22206
Two bedroom suites, in-unit laundry, and shared recreation facilities support a range of residential arrangements.
Property Size1,056 SF
Price / SF$411.93
Days on Market91
Property Features for 2465 ARMY NAVY DRIVE Unit 1-202
General Information
Standard status
Active
Size
1,056 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Long Branch Creek
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,920
Amenities
outdoor swimming pool
gym
media/theater room
in-unit washer and dryer
private balcony
Building Details
Building Size
1,056 SF
Year Built
2003
Listing Agency:
EXP Realty, LLC
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Source:
Jackrealtygroup
Added: Jul 30
Changed: Oct 26
Last Checked: Oct 26 at 2:19PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,056-square-foot residential property was built in 2003 and has two bedrooms and two bathrooms, arranged as private suites with walk-in closets. Hardwood flooring runs through the living and dining areas, and a balcony faces the community courtyard. The open kitchen includes granite countertops, stainless steel appliances, and ample cabinetry. An in-unit washer and dryer are included, and the HVAC system and water heater have been updated. The unit also comes with two assigned parking spaces, including one covered garage space.
Community amenities include an outdoor pool, gym, and media room. The property is near I-395, Army Navy Drive, South Glebe Road (Route 120), and Shirlington Road, with access to The Pentagon, National Landing, Crystal City, Amazon HQ2, Washington, D.C., and Old Town Alexandria. Gunston Park, restaurants, shopping, and everyday services are also nearby.
Community amenities include an outdoor pool, gym, and media room. The property is near I-395, Army Navy Drive, South Glebe Road (Route 120), and Shirlington Road, with access to The Pentagon, National Landing, Crystal City, Amazon HQ2, Washington, D.C., and Old Town Alexandria. Gunston Park, restaurants, shopping, and everyday services are also nearby.
Key Highlights
- 1,056‑square‑foot property with 2 bedrooms and 2 bathrooms
- Two private bedroom suites, each with a walk‑in closet
- Two assigned parking spaces, including one covered garage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,891
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,820
$317.8K
Cap Rate 7%
$227,014
$227.0K
Cap Rate 9%
$176,567
$176.6K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$30.4K $28.80/SF
− Vacancy
−$1.5K −$1.44/SF
EGI
$28.9K $27.36/SF
− OpEx
−$13.0K −$12.31/SF
NOI
$15.9K $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%
$317,820
Cap Rate 7%
$227,014
Cap Rate 9%
$176,567
Alternative Uses
Best Use
Apartment 5plus
$227.0K
$198.6K – $264.9K
NOI $15,891 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$586.5K
$513.2K – $684.3K
NOI $41,057 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,014
Businesses Nearby
Explore this area
Business Placement
Demographics for 22206, VA
21,645
Population
11,851
Households
1.8
Avg Household Size
35
Median Age
76%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
10,307
Density / Sq Mi
$136,472
Median Household Income
$92,948
Median Earnings
$2,332
Median Rent
$569,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedroom suites, in-unit laundry, and shared recreation facilities support a range of residential arrangements.
Where is this residential income property located?
The property is located at 2465 ARMY NAVY DRIVE Unit 1-202 Arlington, VA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,056‑square‑foot property with 2 bedrooms and 2 bathrooms; Two private bedroom suites, each with a walk‑in closet; Two assigned parking spaces, including one covered garage space
