Residential Income Property with Two Parking
For Sale
$499,900
4061 S FOUR MILE RUN DRIVE Unit 304, Arlington, VA 22204
The unit includes a lower-level storage space and access to a community pool, fitness center, and clubhouse.
Property Size1,030 SF
Price / SF$485.34
Days on Market56
Property Features for 4061 S FOUR MILE RUN DRIVE Unit 304
General Information
Standard status
Active
Size
1,030 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Clarmont
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,598
Amenities
community pool
fitness center
clubhouse
game room
playground
picnic and grilling areas
Building Details
Building Size
1,030 SF
Year Built
1966
Listing Agency:
Samson Properties
Listed By:
Eric Purvis · License #0225029198
(703) 927-6803
Source:
Irvinrealtyllc
Added: Sep 3
Changed: Oct 26
Last Checked: Oct 26 at 3:43PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1,030-square-foot residential income property was built in 1966 and includes two parking spaces: one assigned and one unassigned. A lower-level storage unit is also included.
Community amenities include a pool, fitness center, clubhouse, game room, playground, and picnic and grilling areas. Four Mile Run trails are nearby, and the Village at Shirlington offers dining, shopping, entertainment, and everyday services. I-395 and public transportation provide connections to Washington, DC, the Pentagon, and surrounding areas.
Community amenities include a pool, fitness center, clubhouse, game room, playground, and picnic and grilling areas. Four Mile Run trails are nearby, and the Village at Shirlington offers dining, shopping, entertainment, and everyday services. I-395 and public transportation provide connections to Washington, DC, the Pentagon, and surrounding areas.
Key Highlights
- Two parking spaces: one assigned and one unassigned
- 1,030‑square‑foot unit
- Lower‑level storage unit #5
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,499
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,980
$310.0K
Cap Rate 7%
$221,414
$221.4K
Cap Rate 9%
$172,211
$172.2K
Market Conditions
NOI Build-Up for 1,030 SF
Gross rent
$29.7K $28.80/SF
− Vacancy
−$1.5K −$1.44/SF
EGI
$28.2K $27.36/SF
− OpEx
−$12.7K −$12.31/SF
NOI
$15.5K $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%
$309,980
Cap Rate 7%
$221,414
Cap Rate 9%
$172,211
Alternative Uses
Best Use
Apartment 5plus
$221.4K
$193.7K – $258.3K
NOI $15,499 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$572.1K
$500.6K – $667.4K
NOI $40,046 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
973
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 a lower-level storage space and access to a community pool, fitness center, and clubhouse.
Where is this residential income property located?
The property is located at 4061 S FOUR MILE RUN DRIVE Unit 304 Arlington, VA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two parking spaces: one assigned and one unassigned; 1,030‑square‑foot unit; Lower‑level storage unit #5
