One-Bedroom Residential
For Sale
$325,000
2465 ARMY NAVY DRIVE Unit 104, Arlington, VA 22206
Private balcony, in-unit laundry, and a covered garage parking space complement the home’s practical layout.
Property Size731 SF
Price / SF$444.60
Days on Market35
Property Features for 2465 ARMY NAVY DRIVE Unit 104
General Information
Standard status
Active
Size
731 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Long Branch Creek
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,491
Amenities
fitness center
pool
courtyard with grills
clubhouse
concierge service
package room
bike storage
Building Details
Building Size
731 SF
Year Built
2003
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 24
Changed: Oct 27
Last Checked: Oct 26 at 2:55PM
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 731-square-foot condominium has one bedroom and one bathroom, with a private balcony off the living room. Interior features include hardwood flooring in the living area, a walk-in bedroom closet, a kitchen with granite counters and stainless steel appliances, and a full-size washer and dryer. The home also includes a separate storage unit and one assigned space in the covered garage. Built in 2003, the unit is located within The Grove community in Arlington.
Community facilities include a fitness center, pool, landscaped courtyard with gas and charcoal grills, and a clubhouse with media and billiards rooms. Concierge service, a package room, and bike storage are also available to residents. The property is near walking and biking trails and a dog park, with access to the Pentagon, Pentagon City, Shirlington, Del Ray, and Old Town Alexandria.
Community facilities include a fitness center, pool, landscaped courtyard with gas and charcoal grills, and a clubhouse with media and billiards rooms. Concierge service, a package room, and bike storage are also available to residents. The property is near walking and biking trails and a dog park, with access to the Pentagon, Pentagon City, Shirlington, Del Ray, and Old Town Alexandria.
Key Highlights
- 731‑square‑foot condominium with one bedroom and one bathroom
- Private balcony and full‑size washer and dryer
- Separate storage unit 21A and assigned covered garage space 66
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,000
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,000
$220.0K
Cap Rate 7%
$157,143
$157.1K
Cap Rate 9%
$122,222
$122.2K
Market Conditions
NOI Build-Up for 731 SF
Gross rent
$21.1K $28.80/SF
− Vacancy
−$1.1K −$1.44/SF
EGI
$20.0K $27.36/SF
− OpEx
−$9.0K −$12.31/SF
NOI
$11.0K $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%
$220,000
Cap Rate 7%
$157,143
Cap Rate 9%
$122,222
Alternative Uses
Best Use
Apartment 5plus
$157.1K
$137.5K – $183.3K
NOI $11,000 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$406.0K
$355.3K – $473.7K
NOI $28,421 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
Frequently Asked Questions
What type of property is this?
Residential income property - Private balcony, in-unit laundry, and a covered garage parking space complement the home’s practical layout.
Where is this residential income property located?
The property is located at 2465 ARMY NAVY DRIVE Unit 104 Arlington, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 731‑square‑foot condominium with one bedroom and one bathroom; Private balcony and full‑size washer and dryer; Separate storage unit 21A and assigned covered garage space 66
