Residential Income Property with
For Sale
$325,000
2904 13TH ROAD S Unit 4301, Arlington, VA 22204
The two-bedroom residence includes private storage and access to a pool, fitness center, sauna, and landscaped grounds.
Property Size875 SF
Price / SF$371.43
Days on Market195
Property Features for 2904 13TH ROAD S Unit 4301
General Information
Standard status
Active
Size
875 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,503
Amenities
outdoor swimming pool
fitness center with sauna
landscaped grounds
laundry facilities
on-site maintenance services
Building Details
Building Size
875 SF
Year Built
1948
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Apr 17
Changed: Oct 26
Last Checked: Oct 26 at 1:27PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This two-bedroom, one-bath condominium features oak floors, solid wood doors, and a wood-burning fireplace with a slate and marble hearth. A skylight and tray ceiling accent the living room, while a separate dining room provides additional space. The kitchen has quartz countertops and a tile backsplash; the bathroom retains original tile and includes an updated vanity. Fresh paint and a private storage unit round out the interior features. The building dates to 1948.
Residents have access to an outdoor swimming pool, fitness center with sauna, landscaped grounds, laundry facilities, and on-site maintenance. The property is in the Columbia Pike corridor, with public transportation, commuter routes, dining, shopping, and entertainment options nearby.
Residents have access to an outdoor swimming pool, fitness center with sauna, landscaped grounds, laundry facilities, and on-site maintenance. The property is in the Columbia Pike corridor, with public transportation, commuter routes, dining, shopping, and entertainment options nearby.
Key Highlights
- Two‑bedroom, one‑bath condominium
- Wood‑burning fireplace with slate and marble hearth
- Oak floors, solid wood doors, and brass hardware
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,167
Cap Rate
4.05%
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 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
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Business Placement
Demographics for 22204, VA
52,761
Population
24,128
Households
2.2
Avg Household Size
35
Median Age
62%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
12,869
Density / Sq Mi
$109,277
Median Household Income
$73,091
Median Earnings
$1,871
Median Rent
$672,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence includes private storage and access to a pool, fitness center, sauna, and landscaped grounds.
Where is this residential income property located?
The property is located at 2904 13TH ROAD S Unit 4301 Arlington, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium; Wood‑burning fireplace with slate and marble hearth; Oak floors, solid wood doors, and brass hardware
