Two-Bedroom Residential Income
New
For Sale
$625,000
3800 FAIRFAX DRIVE Unit 105, Arlington, VA 22203
Updated interiors include an open kitchen, replaced flooring, and a private balcony.
Property Size1,440 SF
Days on Market5
Property Features for 3800 FAIRFAX DRIVE Unit 105
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,823
Amenities
balcony
EV charging
in-house engineers
Building Details
Building Size
1,440 SF
Year Built
1974
Listing Agency:
Coldwell Banker Realty
Listed By:
Carol C Temple · License #0225116456
(703) 568-1100
Source:
Barnesrealestatecompany
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:35AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-level residential income property offers two bedrooms and two bathrooms, with an open kitchen, replaced flooring, and a 20-foot private balcony. The building dates to 1974. The deeded tandem garage space accommodates two vehicles, and EV charging is available for a monthly fee.
The property is across the street from Oakland Park and within walking distance of Clarendon, Ballston, a library, and medical and dental services. Bike trails, parks, I-66, and bridges to Washington, D.C., and Maryland are accessible from the area.
Small pets are permitted, subject to limits of two pets and 40 pounds. The building prohibits smoking and personal electric vehicles such as bikes and scooters. On-site engineers provide repair services.
The property is across the street from Oakland Park and within walking distance of Clarendon, Ballston, a library, and medical and dental services. Bike trails, parks, I-66, and bridges to Washington, D.C., and Maryland are accessible from the area.
Small pets are permitted, subject to limits of two pets and 40 pounds. The building prohibits smoking and personal electric vehicles such as bikes and scooters. On-site engineers provide repair services.
Key Highlights
- Two bedrooms and two bathrooms on the building’s second level
- 20‑foot private balcony
- Deeded tandem garage space for two vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,669
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,380
$433.4K
Cap Rate 7%
$309,557
$309.6K
Cap Rate 9%
$240,767
$240.8K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$41.5K $28.80/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$39.4K $27.36/SF
− OpEx
−$17.7K −$12.31/SF
NOI
$21.7K $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%
$433,380
Cap Rate 7%
$309,557
Cap Rate 9%
$240,767
Alternative Uses
Best Use
Apartment 5plus
$309.6K
$270.9K – $361.2K
NOI $21,669 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$799.8K
$699.8K – $933.1K
NOI $55,987 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 22203, VA
25,437
Population
14,528
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
15,898
Density / Sq Mi
$132,402
Median Household Income
$90,699
Median Earnings
$2,318
Median Rent
$809,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors include an open kitchen, replaced flooring, and a private balcony.
Where is this residential income property located?
The property is located at 3800 FAIRFAX DRIVE Unit 105 Arlington, VA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms on the building’s second level; 20‑foot private balcony; Deeded tandem garage space for two vehicles
