Residential Income Property with
For Sale
$294,000
4500 S FOUR MILE RUN DRIVE Unit 821, Arlington, VA 22204
Residents have access to a pool, tennis courts, fitness center, library, and private storage.
Property Size856 SF
Price / SF$343.46
Days on Market154
Property Features for 4500 S FOUR MILE RUN DRIVE Unit 821
General Information
Standard status
Active
Size
856 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,099
Amenities
resort-style outdoor pool
tennis courts
fully equipped fitness center
community rooms
library
outdoor grilling areas
assigned parking
private storage unit
Building Details
Building Size
856 SF
Year Built
2005
Listing Agency:
RLAH @properties
Listed By:
Lindsay Stuckey · License #0225234035
(703) 501-1795
Source:
Irvinrealtyllc
Added: Jun 4
Changed: Oct 29
Last Checked: Nov 4 at 7:53AM
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 856-square-foot residential property is in a community built in 2005. The home has treetop views toward the community pool and tennis courts. Building amenities include a fitness center, community rooms, a library, outdoor grilling areas, assigned parking, and a private storage unit.
Shirlington Village’s shops, restaurants, and entertainment are nearby. The property also has access to routes serving Washington, D.C., the Pentagon, Amazon HQ2, and Reagan National Airport.
Shirlington Village’s shops, restaurants, and entertainment are nearby. The property also has access to routes serving Washington, D.C., the Pentagon, Amazon HQ2, and Reagan National Airport.
Key Highlights
- 856‑square‑foot residential property in a community built in 2005
- Treetop outlook toward the community pool and tennis courts
- Community amenities include a fitness center, rooms for residents, library, and outdoor grilling areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,881
Cap Rate
4.38%
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 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$475.4K
$416.0K – $554.7K
NOI $33,281 @ 7.0% cap · market cap 11.32%
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
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 - Residents have access to a pool, tennis courts, fitness center, library, and private storage.
Where is this residential income property located?
The property is located at 4500 S FOUR MILE RUN DRIVE Unit 821 Arlington, VA.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: 856‑square‑foot residential property in a community built in 2005; Treetop outlook toward the community pool and tennis courts; Community amenities include a fitness center, rooms for residents, library, and outdoor grilling areas
