One-Bedroom Residential Income
For Sale
$229,999
4376 N PERSHING DRIVE Unit 1, Arlington, VA 22203
The condo has refreshed flooring and light fixtures, with water, trash, sewer, and parking covered by the condo fee.
Property Size651 SF
Price / SF$353.30
Days on Market52
Property Features for 4376 N PERSHING DRIVE Unit 1
General Information
Standard status
Active
Size
651 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Buckingham
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,687
Amenities
fitness room
community center
common grounds
Building Details
Building Size
651 SF
Year Built
1940
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 7
Changed: Oct 27
Last Checked: Oct 26 at 3:24PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condo was built in 1940 and features renovated flooring and updated light fixtures. The condo fee includes water, trash, sewer, and parking. A fitness room, community center, and shared outdoor grounds are among the community amenities; additional storage is available for a fee.
A bus stop is located within the community, and the property offers access to the metro and Routes 50, 395, and 66. Ballston Quarter, with shopping, dining, and entertainment, is nearby.
A bus stop is located within the community, and the property offers access to the metro and Routes 50, 395, and 66. Ballston Quarter, with shopping, dining, and entertainment, is nearby.
Key Highlights
- One bedroom and one bathroom
- Renovated flooring and updated light fixtures
- Condo fee covers water, trash, sewer, and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,796
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,920
$195.9K
Cap Rate 7%
$139,943
$139.9K
Cap Rate 9%
$108,844
$108.8K
Market Conditions
NOI Build-Up for 651 SF
Gross rent
$18.7K $28.80/SF
− Vacancy
−$937 −$1.44/SF
EGI
$17.8K $27.36/SF
− OpEx
−$8.0K −$12.31/SF
NOI
$9.8K $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%
$195,920
Cap Rate 7%
$139,943
Cap Rate 9%
$108,844
Alternative Uses
Best Use
Apartment 5plus
$139.9K
$122.5K – $163.3K
NOI $9,796 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$361.6K
$316.4K – $421.9K
NOI $25,311 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
910
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
Frequently Asked Questions
What type of property is this?
Residential income property - The condo has refreshed flooring and light fixtures, with water, trash, sewer, and parking covered by the condo fee.
Where is this residential income property located?
The property is located at 4376 N PERSHING DRIVE Unit 1 Arlington, VA.
What is the asking price?
The asking price for this property is $229,999.
What are key features of this property?
This property features: One bedroom and one bathroom; Renovated flooring and updated light fixtures; Condo fee covers water, trash, sewer, and parking
