Residential Income Property with
For Sale
$375,000
2711 S WALTER REED DRIVE Unit A, Arlington, VA 22206
This two-bedroom, 810-square-foot residence has an updated kitchen and bathroom and access to community recreation amenities.
Property Size810 SF
Price / SF$462.96
Days on Market42
Property Features for 2711 S WALTER REED DRIVE Unit A
General Information
Standard status
Active
Size
810 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Shirlington
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,251
Amenities
two pools
tennis courts
on-site condo management
in-unit washer/dryer
Building Details
Building Size
810 SF
Year Built
1950
Construction
garden-style
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 17
Changed: Oct 27
Last Checked: Oct 26 at 3:47PM
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 810-square-foot residential unit, built in 1950, has two bedrooms, a living room, and a separate dining area. The kitchen includes custom cabinetry, a smooth-top range, ceramic sink, tile backsplash, and ceramic flooring. The hall bathroom was renovated in 2023. Other interior features include luxury vinyl plank flooring, carpet, recessed lighting, and a laundry closet with stackable machines. French doors connect the living room to a private patio, while a front patio provides a separate outdoor entrance.
Community amenities include two pools, tennis courts, maintained common areas, and on-site condo management. The property is described as close to I-395, Express Lanes, Route 7/King Street, Metro, and Pentagon Bus service. The Village at Shirlington, Lucky Run Park, and the Four Mile Run Trail are nearby.
Community amenities include two pools, tennis courts, maintained common areas, and on-site condo management. The property is described as close to I-395, Express Lanes, Route 7/King Street, Metro, and Pentagon Bus service. The Village at Shirlington, Lucky Run Park, and the Four Mile Run Trail are nearby.
Key Highlights
- 810‑square‑foot unit with two bedrooms
- Private patio accessed through living room French doors, plus a front patio
- Hall bathroom renovated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,189
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,780
$243.8K
Cap Rate 7%
$174,129
$174.1K
Cap Rate 9%
$135,433
$135.4K
Market Conditions
NOI Build-Up for 810 SF
Gross rent
$23.3K $28.80/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$22.2K $27.36/SF
− OpEx
−$10.0K −$12.31/SF
NOI
$12.2K $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%
$243,780
Cap Rate 7%
$174,129
Cap Rate 9%
$135,433
Alternative Uses
Best Use
Apartment 5plus
$174.1K
$152.4K – $203.2K
NOI $12,189 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$449.9K
$393.7K – $524.9K
NOI $31,493 @ 7.0% cap · market cap 8.40%
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
1,370
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 - This two-bedroom, 810-square-foot residence has an updated kitchen and bathroom and access to community recreation amenities.
Where is this residential income property located?
The property is located at 2711 S WALTER REED DRIVE Unit A Arlington, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 810‑square‑foot unit with two bedrooms; Private patio accessed through living room French doors, plus a front patio; Hall bathroom renovated in 2023
