Top-Floor Residential Income
For Sale
$429,900
2614 S ARLINGTON MILL DRIVE Unit F, Arlington, VA 22206
The condominium includes a balcony, fireplace, in-unit laundry, and access to community pool and tennis facilities.
Property Size913 SF
Price / SF$470.87
Days on Market13
Property Features for 2614 S ARLINGTON MILL DRIVE Unit F
General Information
Standard status
Active
Size
913 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Shirlington
Highway Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,171
Amenities
fireplace
private balcony
in-unit washer/dryer
community parking
community pool
tennis courts
Building Details
Building Size
913 SF
Year Built
1983
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 3:48PM
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 top-floor condominium contains 913 square feet, with two bedrooms and one bathroom. Interior features include a fireplace, private balcony, in-unit washer and dryer, and recent updates such as new carpet, fresh paint, a renovated kitchen, and a modernized bathroom. Community parking is available, and residents have access to a pool and tennis courts. The condo fee includes water, sewer, and trash service.
The property is near Shirlington Village, with its restaurants, shops, and entertainment, as well as a dog park and Four Mile Run trails. I-395 provides regional access, including routes toward the Pentagon and Washington, DC. Built in 1983.
The property is near Shirlington Village, with its restaurants, shops, and entertainment, as well as a dog park and Four Mile Run trails. I-395 provides regional access, including routes toward the Pentagon and Washington, DC. Built in 1983.
Key Highlights
- 913‑square‑foot condominium with two bedrooms and one bathroom
- Top‑floor unit with a private balcony and fireplace
- Recent interior work includes fresh paint, new carpet, and kitchen and bathroom updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,739
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,780
$274.8K
Cap Rate 7%
$196,271
$196.3K
Cap Rate 9%
$152,656
$152.7K
Market Conditions
NOI Build-Up for 913 SF
Gross rent
$26.3K $28.80/SF
− Vacancy
−$1.3K −$1.44/SF
EGI
$25.0K $27.36/SF
− OpEx
−$11.2K −$12.31/SF
NOI
$13.7K $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%
$274,780
Cap Rate 7%
$196,271
Cap Rate 9%
$152,656
Alternative Uses
Best Use
Apartment 5plus
$196.3K
$171.7K – $229.0K
NOI $13,739 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$507.1K
$443.7K – $591.6K
NOI $35,497 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
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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 - The condominium includes a balcony, fireplace, in-unit laundry, and access to community pool and tennis facilities.
Where is this residential income property located?
The property is located at 2614 S ARLINGTON MILL DRIVE Unit F Arlington, VA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 913‑square‑foot condominium with two bedrooms and one bathroom; Top‑floor unit with a private balcony and fireplace; Recent interior work includes fresh paint, new carpet, and kitchen and bathroom updates
