Residential Income Property with
For Sale
$499,899
4141 S FOUR MILE RUN DRIVE Unit 402, Arlington, VA 22204
A two-bedroom residence with a den, two full baths, and a window-lined sunroom.
Property Size1,135 SF
Price / SF$440.44
Days on Market51
Property Features for 4141 S FOUR MILE RUN DRIVE Unit 402
General Information
Standard status
Active
Size
1,135 SF
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
$5,317
Amenities
free metro shuttle
pool
fitness center
business center
clubhouse with billiards
community room
grilling
courtyards
gazebo and firepit
children's playground
secure building entrance
Building Details
Building Size
1,135 SF
Year Built
1966
Listing Agency:
RLAH @properties
Listed By:
TIMOTHY M HURSEN Sr. · License #0225218187
(202) 909-5572
Source:
Irvinrealtyllc
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 26 at 10:21AM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This 1,135-square-foot residential unit offers two bedrooms, a den, and two full baths. The sunroom features floor-to-ceiling windows, while hardwood flooring extends throughout. The kitchen has granite counters, stainless steel appliances, a breakfast bar, and a pantry. The primary suite includes a walk-in closet with custom shelving. A full-size washer and dryer are installed, and parking is included. The building was constructed in 1966.
Community amenities include a pool, fitness and business centers, clubhouse, community room, playground, and outdoor grilling areas with courtyards, a gazebo, and firepit. A free Metro shuttle serves the community, and a green area with picnic tables and grills is located outside the unit. Shops, restaurants, and entertainment are available in Shirlington Village; the area also includes park space, a dog park, and the W&OD Trail. I-395, the Pentagon, Washington, D.C., and public transportation are accessible from the area.
Community amenities include a pool, fitness and business centers, clubhouse, community room, playground, and outdoor grilling areas with courtyards, a gazebo, and firepit. A free Metro shuttle serves the community, and a green area with picnic tables and grills is located outside the unit. Shops, restaurants, and entertainment are available in Shirlington Village; the area also includes park space, a dog park, and the W&OD Trail. I-395, the Pentagon, Washington, D.C., and public transportation are accessible from the area.
Key Highlights
- 1,135‑square‑foot unit with 2 bedrooms, a den, and 2 full baths
- Sunroom with floor‑to‑ceiling windows
- Hardwood floors, granite kitchen counters, stainless steel appliances, breakfast bar, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,079
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,580
$341.6K
Cap Rate 7%
$243,986
$244.0K
Cap Rate 9%
$189,767
$189.8K
Market Conditions
NOI Build-Up for 1,135 SF
Gross rent
$32.7K $28.80/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$31.1K $27.36/SF
− OpEx
−$14.0K −$12.31/SF
NOI
$17.1K $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%
$341,580
Cap Rate 7%
$243,986
Cap Rate 9%
$189,767
Alternative Uses
Best Use
Apartment 5plus
$244.0K
$213.5K – $284.7K
NOI $17,079 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$630.4K
$551.6K – $735.5K
NOI $44,129 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
788
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 - A two-bedroom residence with a den, two full baths, and a window-lined sunroom.
Where is this residential income property located?
The property is located at 4141 S FOUR MILE RUN DRIVE Unit 402 Arlington, VA.
What is the asking price?
The asking price for this property is $499,899.
What are key features of this property?
This property features: 1,135‑square‑foot unit with 2 bedrooms, a den, and 2 full baths; Sunroom with floor‑to‑ceiling windows; Hardwood floors, granite kitchen counters, stainless steel appliances, breakfast bar, and pantry
