Residential Income Property with Private
For Sale
$500,000
2919 S BUCHANAN STREET Unit A1, Arlington, VA 22206
The two-level layout includes two full bathrooms and a finished lower-level family room.
Property Size1,422 SF
Price / SF$351.62
Days on Market56
Property Features for 2919 S BUCHANAN STREET Unit A1
General Information
Standard status
Active
Size
1,422 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Shirlington
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,620
Building Details
Building Size
1,422 SF
Year Built
1944
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Sep 3
Changed: Oct 26
Last Checked: Oct 26 at 3:33PM
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 1,422-square-foot residential property, built in 1944, is arranged across two finished levels. The main floor has a bedroom, full bathroom, kitchen, and connected living and dining areas. A finished lower level adds a family room with 8-foot ceilings, another full bathroom, and a flexible room with a window, built-in closet, and separate exit to the building’s main entrance.
A fenced private patio extends the living area outdoors; the fence and water heater are new. Shops, restaurants, grocery stores, and Shirlington are nearby. The property also has access to Washington, D.C., the Pentagon, and Reagan National Airport.
A fenced private patio extends the living area outdoors; the fence and water heater are new. Shops, restaurants, grocery stores, and Shirlington are nearby. The property also has access to Washington, D.C., the Pentagon, and Reagan National Airport.
Key Highlights
- 1,422 square feet across two finished levels
- Built in 1944
- Finished lower level has 8‑foot ceilings, a family room, full bathroom, and flexible room with separate exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,398
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,960
$428.0K
Cap Rate 7%
$305,686
$305.7K
Cap Rate 9%
$237,756
$237.8K
Market Conditions
NOI Build-Up for 1,422 SF
Gross rent
$41.0K $28.80/SF
− Vacancy
−$2.0K −$1.44/SF
EGI
$38.9K $27.36/SF
− OpEx
−$17.5K −$12.31/SF
NOI
$21.4K $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%
$427,960
Cap Rate 7%
$305,686
Cap Rate 9%
$237,756
Alternative Uses
Best Use
Apartment 5plus
$305.7K
$267.5K – $356.6K
NOI $21,398 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$789.8K
$691.1K – $921.5K
NOI $55,287 @ 7.0% cap · market cap 11.06%
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
1,045
Businesses Nearby
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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 - The two-level layout includes two full bathrooms and a finished lower-level family room.
Where is this residential income property located?
The property is located at 2919 S BUCHANAN STREET Unit A1 Arlington, VA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,422 square feet across two finished levels; Built in 1944; Finished lower level has 8‑foot ceilings, a family room, full bathroom, and flexible room with separate exit
