Ground-Floor Residential
For Sale
$264,999
3701 S 5TH STREET S Unit 205, Arlington, VA 22204
Renovated one-bedroom unit with an open kitchen and utilities included in the condo fee, except internet and cable.
Property Size720 SF
Price / SF$368.05
Days on Market70
Property Features for 3701 S 5TH STREET S Unit 205
General Information
Standard status
Active
Size
720 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Heights
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,328
Amenities
pool
community laundry
EV charging
storage locker
Building Details
Building Size
720 SF
Year Built
1958
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 26 at 2:35PM
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 720-square-foot, ground-level condo was built in 1958 and has been renovated with wood flooring, recessed lights, and an open kitchen featuring white cabinets, quartz counters, stainless steel appliances, and a pantry. The one-bedroom layout includes a walk-in closet, a full bath, and additional storage. The condo fee covers all utilities other than internet and cable.
Set in Arlington’s Alcova Heights neighborhood at the end of a residential cul-de-sac, the property is near Alcova Heights Park and Columbia Pike. Bus service connects the area with Ballston, Clarendon, and the Pentagon. Community amenities include a pool, laundry facilities, a private parking lot with EV charging, and additional storage. Two parking passes and a storage locker convey.
Set in Arlington’s Alcova Heights neighborhood at the end of a residential cul-de-sac, the property is near Alcova Heights Park and Columbia Pike. Bus service connects the area with Ballston, Clarendon, and the Pentagon. Community amenities include a pool, laundry facilities, a private parking lot with EV charging, and additional storage. Two parking passes and a storage locker convey.
Key Highlights
- 720‑square‑foot, ground‑floor condo with one bedroom
- Renovated kitchen with quartz counters, stainless steel appliances, white cabinets, and pantry
- Condo fee covers all utilities except internet and cable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,835
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,700
$216.7K
Cap Rate 7%
$154,786
$154.8K
Cap Rate 9%
$120,389
$120.4K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$20.7K $28.80/SF
− Vacancy
−$1.0K −$1.44/SF
EGI
$19.7K $27.36/SF
− OpEx
−$8.9K −$12.31/SF
NOI
$10.8K $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%
$216,700
Cap Rate 7%
$154,786
Cap Rate 9%
$120,389
Alternative Uses
Best Use
Apartment 5plus
$154.8K
$135.4K – $180.6K
NOI $10,835 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$399.9K
$349.9K – $466.6K
NOI $27,994 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,314
Businesses Nearby
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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 one-bedroom unit with an open kitchen and utilities included in the condo fee, except internet and cable.
Where is this residential income property located?
The property is located at 3701 S 5TH STREET S Unit 205 Arlington, VA.
What is the asking price?
The asking price for this property is $264,999.
What are key features of this property?
This property features: 720‑square‑foot, ground‑floor condo with one bedroom; Renovated kitchen with quartz counters, stainless steel appliances, white cabinets, and pantry; Condo fee covers all utilities except internet and cable
