Two-Level Residential Income
For Sale
$465,000
3479 S STAFFORD STREET Unit B1, Arlington, VA 22206
Expanded residence with an upper-level studio, community amenities, and convenient access to Route 7 and I-395.
Property Size1,144 SF
Price / SF$406.47
Days on Market71
Property Features for 3479 S STAFFORD STREET Unit B1
General Information
Standard status
Active
Size
1,144 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,483
Building Details
Building Size
1,144 SF
Year Built
1940
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Christopher J Weathers · License #0225201978
(703) 402-4648
Source:
Kerishull
Added: Aug 8
Changed: Oct 14
Last Checked: Oct 16 at 6:18PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 1,144-square-foot, two-level residence was built in 1940 and features an expanded Braddock model layout. The main level includes hardwood floors, a designed kitchen, living and dining areas, a bedroom, built-in systems, closet organizers, and ceiling fans. A spiral staircase leads to an upper-level studio with a den, bedroom, office area, and additional storage.
The property is within Fairlington Meadows and has access to a community pool, tennis and pickleball courts, playgrounds, sidewalks, pathways, and a community center. Shirlington Village, Bradlee Center, Fairlington Centre, and Alexandria Gateway are identified as nearby shopping, dining, and entertainment destinations. Route 7 and I-395 provide commuter access, while a neighborhood Metrobus stop is located steps from the home. The W&OD and Four-Mile Run trails are also nearby.
The property is within Fairlington Meadows and has access to a community pool, tennis and pickleball courts, playgrounds, sidewalks, pathways, and a community center. Shirlington Village, Bradlee Center, Fairlington Centre, and Alexandria Gateway are identified as nearby shopping, dining, and entertainment destinations. Route 7 and I-395 provide commuter access, while a neighborhood Metrobus stop is located steps from the home. The W&OD and Four-Mile Run trails are also nearby.
Key Highlights
- 1,144‑square‑foot expanded two‑level Braddock model residence
- Upper‑level studio includes a den, bedroom, office area, and storage
- Main level features hardwood floors, designed kitchen, built‑ins, and closet organizers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,215
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,300
$344.3K
Cap Rate 7%
$245,929
$245.9K
Cap Rate 9%
$191,278
$191.3K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$32.9K $28.80/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$31.3K $27.36/SF
− OpEx
−$14.1K −$12.31/SF
NOI
$17.2K $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%
$344,300
Cap Rate 7%
$245,929
Cap Rate 9%
$191,278
Alternative Uses
Best Use
Apartment 5plus
$245.9K
$215.2K – $286.9K
NOI $17,215 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
878
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 - Expanded residence with an upper-level studio, community amenities, and convenient access to Route 7 and I-395.
Where is this residential income property located?
The property is located at 3479 S STAFFORD STREET Unit B1 Arlington, VA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 1,144‑square‑foot expanded two‑level Braddock model residence; Upper‑level studio includes a den, bedroom, office area, and storage; Main level features hardwood floors, designed kitchen, built‑ins, and closet organizers
