Two-Level Residential Income
For Sale
$540,000
2952 S COLUMBUS STREET Unit A2, Arlington, VA 22206
A fenced garden, covered porch, and deck extend the living space outdoors.
Property Size1,528 SF
Price / SF$353.40
Days on Market13
Property Features for 2952 S COLUMBUS STREET Unit A2
General Information
Standard status
Active
Size
1,528 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Fairlington
Highway Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,653
Amenities
covered porch
deck
garden
pools
tennis courts
community center
Building Details
Building Size
1,528 SF
Year Built
1948
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Hunter Dyson · License #0225264698
(202) 445-3045
Source:
Irvinrealtyllc
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 10:21AM
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 Coldwell Banker Realty - Washington
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Investment Insights
Based on property information with market context.
This two-level residence in Fairlington Villages offers 1,528 square feet, with living and dining space and a kitchen on the main floor. The primary bedroom and an updated full bath are also on this level. Downstairs, a bonus room currently used as a guest room joins a family room, a second updated full bath, and a utility room with washer and dryer.
Outdoor features include a covered porch, a large deck, and a fenced garden. The HVAC system, water heater, and electrical panel were recently replaced. Community amenities include pools, tennis courts, and a community center. Shirlington, I-395, and King Street are minutes away.
Outdoor features include a covered porch, a large deck, and a fenced garden. The HVAC system, water heater, and electrical panel were recently replaced. Community amenities include pools, tennis courts, and a community center. Shirlington, I-395, and King Street are minutes away.
Key Highlights
- 1,528 square feet across two levels
- Main floor includes a primary bedroom and updated full bath
- Lower level has a bonus room, family room, second updated full bath, and utility room with washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,993
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,860
$459.9K
Cap Rate 7%
$328,471
$328.5K
Cap Rate 9%
$255,478
$255.5K
Market Conditions
NOI Build-Up for 1,528 SF
Gross rent
$44.0K $28.80/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$41.8K $27.36/SF
− OpEx
−$18.8K −$12.31/SF
NOI
$23.0K $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%
$459,860
Cap Rate 7%
$328,471
Cap Rate 9%
$255,478
Alternative Uses
Best Use
Apartment 5plus
$328.5K
$287.4K – $383.2K
NOI $22,993 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$848.7K
$742.6K – $990.2K
NOI $59,409 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,188
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 - A fenced garden, covered porch, and deck extend the living space outdoors.
Where is this residential income property located?
The property is located at 2952 S COLUMBUS STREET Unit A2 Arlington, VA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 1,528 square feet across two levels; Main floor includes a primary bedroom and updated full bath; Lower level has a bonus room, family room, second updated full bath, and utility room with washer and dryer
