Studio Condominium with Updated
For Sale
$189,000
3601 5TH STREET S Unit 307, Arlington, VA 22204
Renovated finishes, custom storage, and access to shared building amenities support a practical residential setup.
Property Size490 SF
Price / SF$385.71
Days on Market123
Property Features for 3601 5TH STREET S Unit 307
General Information
Standard status
Active
Size
490 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Heights
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,794
Amenities
secure building access
common laundry facilities
community pool
additional storage unit
electric vehicle charging station
large parking lot
Building Details
Building Size
490 SF
Year Built
1958
Listing Agency:
Corcoran McEnearney
Listed By:
Felicia Cook · License #0225252657
(703) 899-5226
Source:
Jackrealtygroup
Added: Jun 28
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
This 490-square-foot studio condominium in Stratton House dates to 1958. Its open layout includes a custom California Closet system, and recent interior work added luxury vinyl plank flooring and fresh paint. The kitchen has a new microwave and stove. The unit also comes with a separate storage space.
Building amenities include controlled entry, elevator service, common laundry, a community pool, an electric vehicle charging station, and resident parking. Arlington Transit routes 23 and 45, Glebe Road, Columbia Pike, Route 50, and I-395 are identified nearby. The property is across from Ruthie's All-Day restaurant and is situated between Ballston and Columbia Pike.
Building amenities include controlled entry, elevator service, common laundry, a community pool, an electric vehicle charging station, and resident parking. Arlington Transit routes 23 and 45, Glebe Road, Columbia Pike, Route 50, and I-395 are identified nearby. The property is across from Ruthie's All-Day restaurant and is situated between Ballston and Columbia Pike.
Key Highlights
- 490‑square‑foot studio unit in Stratton House
- Interior updates include luxury vinyl plank flooring and fresh paint
- New microwave and stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,374
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,480
$147.5K
Cap Rate 7%
$105,343
$105.3K
Cap Rate 9%
$81,933
$81.9K
Market Conditions
NOI Build-Up for 490 SF
Gross rent
$14.1K $28.80/SF
− Vacancy
−$706 −$1.44/SF
EGI
$13.4K $27.36/SF
− OpEx
−$6.0K −$12.31/SF
NOI
$7.4K $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%
$147,480
Cap Rate 7%
$105,343
Cap Rate 9%
$81,933
Alternative Uses
Best Use
Apartment 5plus
$105.3K
$92.2K – $122.9K
NOI $7,374 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$272.2K
$238.1K – $317.5K
NOI $19,051 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,314
Businesses Nearby
Explore this area
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 - Renovated finishes, custom storage, and access to shared building amenities support a practical residential setup.
Where is this residential income property located?
The property is located at 3601 5TH STREET S Unit 307 Arlington, VA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 490‑square‑foot studio unit in Stratton House; Interior updates include luxury vinyl plank flooring and fresh paint; New microwave and stove
