Two-Bedroom Residential Income
For Sale
$369,000
2808 S WAKEFIELD STREET Unit C, Arlington, VA 22206
Multi-level condo with a wood-burning fireplace, two balconies, and views of the community pool.
Property Size875 SF
Price / SF$421.71
Days on Market48
Property Features for 2808 S WAKEFIELD STREET Unit C
General Information
Standard status
Active
Size
875 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Shirlington
Highway Access
Yes
Units
Unit Mix
2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,101
Amenities
balcony
community pool
wood-burning fireplace
Building Details
Building Size
875 SF
Year Built
1950
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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.
Set within The Arlington Condominiums, this 875-square-foot residence has two bedrooms and a multi-level layout. Hardwood floors and a wood-burning fireplace feature on the main level; the upper level has LVP flooring and both bedrooms. A Juliet balcony faces the front, while a second balcony looks toward the community pool. The property was built in 1950 and includes two parking spaces.
Shirlington Village and Bradlee Shopping Center are minutes away, with parks and trails in the surrounding area. Access routes include I-395, Leesburg Pike, and Walter Reed Drive, with Washington, DC also accessible from the property.
Shirlington Village and Bradlee Shopping Center are minutes away, with parks and trails in the surrounding area. Access routes include I-395, Leesburg Pike, and Walter Reed Drive, with Washington, DC also accessible from the property.
Key Highlights
- 875‑square‑foot condo with two bedrooms
- Two parking spaces
- Two balconies, including one overlooking the community pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,167
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,340
$263.3K
Cap Rate 7%
$188,100
$188.1K
Cap Rate 9%
$146,300
$146.3K
Market Conditions
NOI Build-Up for 875 SF
Gross rent
$25.2K $28.80/SF
− Vacancy
−$1.3K −$1.44/SF
EGI
$23.9K $27.36/SF
− OpEx
−$10.8K −$12.31/SF
NOI
$13.2K $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%
$263,340
Cap Rate 7%
$188,100
Cap Rate 9%
$146,300
Alternative Uses
Best Use
Apartment 5plus
$188.1K
$164.6K – $219.5K
NOI $13,167 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
936
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 - Multi-level condo with a wood-burning fireplace, two balconies, and views of the community pool.
Where is this residential income property located?
The property is located at 2808 S WAKEFIELD STREET Unit C Arlington, VA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 875‑square‑foot condo with two bedrooms; Two parking spaces; Two balconies, including one overlooking the community pool
