Condominium Residence with
For Sale
$294,999
4500 S FOUR MILE RUN DRIVE Unit 1122, Arlington, VA 22204
The residence includes a separate flexible-use room, in-unit laundry, and access to shared recreation and fitness amenities.
Property Size856 SF
Price / SF$344.63
Days on Market118
Property Features for 4500 S FOUR MILE RUN DRIVE Unit 1122
General Information
Standard status
Active
Size
856 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Taxes and HOA fees
Annual Taxes
$3,276
Amenities
in-unit washer and dryer
outdoor swimming pool
sundeck
outdoor tennis courts
fitness center
game room
billiards and foosball
lobby fireplace
lounges
Building Details
Building Size
856 SF
Year Built
2005
Listing Agency:
Compass
Listed By:
David L Smith · License #SP40000092
(202) 938-7780
Source:
Mxwrealestate
Added: Jul 10
Changed: Nov 3
Last Checked: Nov 3 at 8:28AM
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 Compass
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Investment Insights
Based on property information with market context.
This 856-square-foot condominium has an open living area, a private balcony, and a kitchen with granite counters and stainless steel appliances. The layout also includes a dining nook, a primary bedroom with a walk-in closet, a second flexible-use room, and a full bathroom. A stacked washer and dryer and a walk-in storage closet are located within the unit.
Building amenities include an outdoor swimming pool and sundeck, fenced tennis courts, a fitness center, a game room, and shared lounges. The main lobby features a fireplace.
Building amenities include an outdoor swimming pool and sundeck, fenced tennis courts, a fitness center, a game room, and shared lounges. The main lobby features a fireplace.
Key Highlights
- 856‑square‑foot condominium residence
- Built in 2005
- Private balcony and open living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,881
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,620
$257.6K
Cap Rate 7%
$184,014
$184.0K
Cap Rate 9%
$143,122
$143.1K
Market Conditions
NOI Build-Up for 856 SF
Gross rent
$24.7K $28.80/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$23.4K $27.36/SF
− OpEx
−$10.5K −$12.31/SF
NOI
$12.9K $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%
$257,620
Cap Rate 7%
$184,014
Cap Rate 9%
$143,122
Alternative Uses
Best Use
Apartment 5plus
$184.0K
$161.0K – $214.7K
NOI $12,881 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$475.4K
$416.0K – $554.7K
NOI $33,281 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
933
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 - The residence includes a separate flexible-use room, in-unit laundry, and access to shared recreation and fitness amenities.
Where is this residential income property located?
The property is located at 4500 S FOUR MILE RUN DRIVE Unit 1122 Arlington, VA.
What is the asking price?
The asking price for this property is $294,999.
What are key features of this property?
This property features: 856‑square‑foot condominium residence; Built in 2005; Private balcony and open living area
