Corner Two-Bedroom Residential
For Sale
$599,900
3600 S GLEBE ROAD Unit 417W, Arlington, VA 22202
An open living and dining area connects to a covered wraparound terrace, with garage parking and a separate storage unit.
Property Size1,164 SF
Price / SF$515.38
Days on Market26
Property Features for 3600 S GLEBE ROAD Unit 417W
General Information
Standard status
Active
Size
1,164 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Crystal City
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,237
Amenities
Fitness Center
Pool
24 hr concierge
community/party room
roof-deck w/ view Potomac River & DC
Building Details
Building Size
1,164 SF
Year Built
2006
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Brad C. Kintz · License #0225063045
(703) 629-0103
Source:
Horsefarmsandcountryhomes
Added: Oct 3
Changed: Oct 26
Last Checked: Oct 26 at 2:18PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,164-square-foot corner residence has two bedrooms and two bathrooms. The kitchen features a breakfast bar, granite counters, stainless steel appliances, and ample cabinetry. Living and dining areas share an open layout with access to a covered wraparound terrace. Recent interior updates include LVP flooring, bedroom carpet, and fresh paint. HVAC was installed in 2022, and the water heater dates to 2023. Garage parking and a separate storage unit are included.
Building amenities include a fitness center, pool, 24-hour concierge, community room, and rooftop deck with views of the Potomac River and Washington, DC. The property is blocks from Metro and the VA Tech Innovation Campus, and minutes from the airport and Amazon HQ2. Built in 2006.
Building amenities include a fitness center, pool, 24-hour concierge, community room, and rooftop deck with views of the Potomac River and Washington, DC. The property is blocks from Metro and the VA Tech Innovation Campus, and minutes from the airport and Amazon HQ2. Built in 2006.
Key Highlights
- 2 bedrooms and 2 bathrooms in a 1,164‑square‑foot corner residence
- Covered wraparound terrace with access from the living and dining area
- Kitchen with breakfast bar, granite counters, stainless steel appliances, and ample cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,516
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,320
$350.3K
Cap Rate 7%
$250,229
$250.2K
Cap Rate 9%
$194,622
$194.6K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$33.5K $28.80/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$31.8K $27.36/SF
− OpEx
−$14.3K −$12.31/SF
NOI
$17.5K $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%
$350,320
Cap Rate 7%
$250,229
Cap Rate 9%
$194,622
Alternative Uses
Best Use
Apartment 5plus
$250.2K
$219.0K – $291.9K
NOI $17,516 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$646.5K
$565.7K – $754.3K
NOI $45,256 @ 7.0% cap · market cap 7.54%
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
831
Businesses Nearby
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Business Placement
Demographics for 22202, VA
28,472
Population
18,110
Households
1.6
Avg Household Size
35
Median Age
84%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
7,301
Density / Sq Mi
$141,933
Median Household Income
$92,818
Median Earnings
$2,448
Median Rent
$838,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open living and dining area connects to a covered wraparound terrace, with garage parking and a separate storage unit.
Where is this residential income property located?
The property is located at 3600 S GLEBE ROAD Unit 417W Arlington, VA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms in a 1,164‑square‑foot corner residence; Covered wraparound terrace with access from the living and dining area; Kitchen with breakfast bar, granite counters, stainless steel appliances, and ample cabinetry
