End-Unit Residential Income
For Sale
$510,000
Pending
2888 S BUCHANAN STREET Unit A1, Arlington, VA 22206
An open kitchen and fenced private patio complement this freshly repainted end-unit residence with adaptable living space.
Property Size1,370 SF
Days on Market35
Property Features for 2888 S BUCHANAN STREET Unit A1
General Information
Standard status
Pending
Size
1,370 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Shirlington
Highway Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,620
Amenities
pool
Building Details
Building Size
1,370 SF
Year Built
1944
Listing Agency:
Compass
Listed By:
Jennifer Touchette · License #SP98365589
(202) 841-7782
Source:
Canopy-re
Added: Oct 1
Changed: Nov 2
Last Checked: Nov 4 at 6:17AM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,370-square-foot end unit in Arlington was built in 1944 and has been repainted throughout. New lighting and substantial storage add practical features, while the open kitchen connects with the main living area. A private fenced patio extends the living space outdoors, and parking is available. The layout offers flexibility for additional living space, guest accommodations, or a home office.
The property is in Fairlington, with community green spaces and access to a pool. Shops, restaurants, and everyday services at Shirlington Village and Bradlee Shopping Center are nearby, along with parks, trails, and commuter routes including I-395.
The property is in Fairlington, with community green spaces and access to a pool. Shops, restaurants, and everyday services at Shirlington Village and Bradlee Shopping Center are nearby, along with parks, trails, and commuter routes including I-395.
Key Highlights
- 1,370‑square‑foot end unit built in 1944
- Fresh interior paint, new lighting, and substantial storage
- Open kitchen and private fenced patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,616
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,320
$412.3K
Cap Rate 7%
$294,514
$294.5K
Cap Rate 9%
$229,067
$229.1K
Market Conditions
NOI Build-Up for 1,370 SF
Gross rent
$39.5K $28.80/SF
− Vacancy
−$2.0K −$1.44/SF
EGI
$37.5K $27.36/SF
− OpEx
−$16.9K −$12.31/SF
NOI
$20.6K $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%
$412,320
Cap Rate 7%
$294,514
Cap Rate 9%
$229,067
Alternative Uses
Best Use
Apartment 5plus
$294.5K
$257.7K – $343.6K
NOI $20,616 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$760.9K
$665.8K – $887.8K
NOI $53,266 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - An open kitchen and fenced private patio complement this freshly repainted end-unit residence with adaptable living space.
Where is this residential income property located?
The property is located at 2888 S BUCHANAN STREET Unit A1 Arlington, VA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 1,370‑square‑foot end unit built in 1944; Fresh interior paint, new lighting, and substantial storage; Open kitchen and private fenced patio
