Condominium Residence with
For Sale
$640,000
2720 S ARLINGTON MILL DRIVE Unit 102, Arlington, VA 22206
A flexible den, two full bathrooms, and in-unit laundry complement the one-bedroom layout.
Property Size1,232 SF
Price / SF$519.48
Days on Market12
Property Features for 2720 S ARLINGTON MILL DRIVE Unit 102
General Information
Standard status
Active
Size
1,232 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,988
Amenities
rooftop pool
fitness center
meeting room
concierge services
security features
in-unit washer/dryer
storage
Building Details
Building Size
1,232 SF
Year Built
2006
Listing Agency:
NoVa House and Home
Listed By:
Amelia Robinette
(703) 407-3426
Source:
Kerishull
Added: Oct 5
Changed: Oct 12
Last Checked: Oct 15 at 7:58AM
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 NoVa House and Home
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Investment Insights
Based on property information with market context.
This 1,232-square-foot condominium residence, built in 2006, has one bedroom plus a den and two full bathrooms. The den includes a custom Murphy bed. An open living, dining, and kitchen arrangement features an island and upgraded countertops, while floor-to-ceiling windows bring natural light into the living area. A walk-in closet, in-unit washer and dryer, underground parking, and additional storage are included; the condo fee covers parking.
Residents have access to a rooftop pool, fitness center, meeting room, and seven-day concierge service. The home is in Shirlington Village, near dining, shopping, entertainment, and Shirlington Dog Park.
Residents have access to a rooftop pool, fitness center, meeting room, and seven-day concierge service. The home is in Shirlington Village, near dining, shopping, entertainment, and Shirlington Dog Park.
Key Highlights
- 1,232 SF condominium with one bedroom plus den and two full bathrooms
- Den includes a custom Murphy bed
- Open living, dining, and kitchen layout with island and upgraded countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,539
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,780
$370.8K
Cap Rate 7%
$264,843
$264.8K
Cap Rate 9%
$205,989
$206.0K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$35.5K $28.80/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$33.7K $27.36/SF
− OpEx
−$15.2K −$12.31/SF
NOI
$18.5K $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%
$370,780
Cap Rate 7%
$264,843
Cap Rate 9%
$205,989
Alternative Uses
Best Use
Apartment 5plus
$264.8K
$231.7K – $309.0K
NOI $18,539 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$684.3K
$598.8K – $798.3K
NOI $47,900 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,175
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 - A flexible den, two full bathrooms, and in-unit laundry complement the one-bedroom layout.
Where is this residential income property located?
The property is located at 2720 S ARLINGTON MILL DRIVE Unit 102 Arlington, VA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 1,232 SF condominium with one bedroom plus den and two full bathrooms; Den includes a custom Murphy bed; Open living, dining, and kitchen layout with island and upgraded countertops
