Residential Income Property with Updated
For Sale
$199,000
3701 5TH STREET S Unit 407, Arlington, VA 22204
The unit includes an efficiency kitchen with updated cabinets, countertops, and flooring, plus a community pool.
Property Size490 SF
Price / SF$406.12
Days on Market29
Property Features for 3701 5TH STREET S Unit 407
General Information
Standard status
Active
Size
490 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Heights
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,021
Amenities
community pool
monitored system
intercom
Building Details
Building Size
490 SF
Year Built
1958
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 30
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 490-square-foot apartment unit was built in 1958 and has an open layout connecting the dining area with an efficiency kitchen. Kitchen updates include cabinets, countertops, and flooring; appliances include an ENERGY STAR refrigerator, built-in range, and dishwasher. The unit also features carpeting, a ceiling fan, a walk-in closet, and a bathroom with a tub-shower and updated vanity area.
The property is in Arlington, Virginia. ART 42 bus service is available less than a mile away, and a metro station is within three miles. Route 50 is 0.5 mile away, I-395 is 5 miles away, and DCA is 5.5 miles away. Community amenities include a pool, monitored security system, intercom, and parking.
The property is in Arlington, Virginia. ART 42 bus service is available less than a mile away, and a metro station is within three miles. Route 50 is 0.5 mile away, I-395 is 5 miles away, and DCA is 5.5 miles away. Community amenities include a pool, monitored security system, intercom, and parking.
Key Highlights
- 490 sq. ft. apartment unit
- Built in 1958
- Efficiency kitchen updated with new cabinets, countertops, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,374
Cap Rate
3.71%
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 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$272.2K
$238.1K – $317.5K
NOI $19,051 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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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 - The unit includes an efficiency kitchen with updated cabinets, countertops, and flooring, plus a community pool.
Where is this residential income property located?
The property is located at 3701 5TH STREET S Unit 407 Arlington, VA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 490 sq. ft. apartment unit; Built in 1958; Efficiency kitchen updated with new cabinets, countertops, and flooring
