Residential Condo with Private
For Sale
$329,000
2865 S BUCHANAN STREET Unit B2, Arlington, VA 22206
Top-floor residence with a renovated kitchen and bath, in-unit laundry, and secure building entry.
Property Size700 SF
Price / SF$470
Days on Market20
Property Features for 2865 S BUCHANAN STREET Unit B2
General Information
Standard status
Active
Size
700 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Shirlington
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,408
Amenities
private balcony
washer and dryer
built-in shelving
floored attic space
secure building entry
swimming pools
tennis and pickleball courts
playgrounds
Building Details
Building Size
700 SF
Year Built
1944
Year Renovated
2024
Listing Agency:
Real Broker, LLC
Listed By:
Kathy Dipp · License #0225088431
(703) 203-8120
Source:
Jackrealtygroup
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 26 at 3:53PM
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 Real Broker, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This top-floor condo has a private balcony, one bedroom, a walk-in closet, and a living area that connects with the dining space. Recent work includes a 2024 bathroom renovation with a walk-in shower, glass doors, floor-to-ceiling tile, a recessed niche, and a built-in bench. The kitchen has quartz countertops, stainless steel appliances, painted cabinetry, and recessed lighting. LVP flooring and updated lighting extend through the residence. An in-unit front-loading washer and dryer and more than 600 square feet of floored attic storage add practical utility.
The home is part of Fairlington Villages, a community with landscaped grounds, swimming pools, tennis and pickleball courts, and playgrounds. Metrobus service connects to the Pentagon and Metro, while the Village at Shirlington offers restaurants, shops, and entertainment. Old Town Alexandria, Pentagon City, and Washington, DC are accessible by car.
The home is part of Fairlington Villages, a community with landscaped grounds, swimming pools, tennis and pickleball courts, and playgrounds. Metrobus service connects to the Pentagon and Metro, while the Village at Shirlington offers restaurants, shops, and entertainment. Old Town Alexandria, Pentagon City, and Washington, DC are accessible by car.
Key Highlights
- Top‑floor condo with a private balcony overlooking greenery
- 700 square feet of property area
- Bathroom renovation completed in 2024, with a walk‑in shower, glass doors, floor‑to‑ceiling tile, niche, and built‑in bench
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,534
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,680
$210.7K
Cap Rate 7%
$150,486
$150.5K
Cap Rate 9%
$117,044
$117.0K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$20.2K $28.80/SF
− Vacancy
−$1.0K −$1.44/SF
EGI
$19.2K $27.36/SF
− OpEx
−$8.6K −$12.31/SF
NOI
$10.5K $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%
$210,680
Cap Rate 7%
$150,486
Cap Rate 9%
$117,044
Alternative Uses
Best Use
Apartment 5plus
$150.5K
$131.7K – $175.6K
NOI $10,534 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$388.8K
$340.2K – $453.6K
NOI $27,216 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,045
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor residence with a renovated kitchen and bath, in-unit laundry, and secure building entry.
Where is this residential income property located?
The property is located at 2865 S BUCHANAN STREET Unit B2 Arlington, VA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Top‑floor condo with a private balcony overlooking greenery; 700 square feet of property area; Bathroom renovation completed in 2024, with a walk‑in shower, glass doors, floor‑to‑ceiling tile, niche, and built‑in bench
