Updated Residential Income
For Sale
$410,000
Pending
4500 S FOUR MILE RUN DR #834, Arlington, VA 22204
ARLINGTON, VA
Property Size1,375 SF
Days on Market127
Property Features for 4500 S FOUR MILE RUN DR #834
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2
Subdivision
THE BRITTANY
Elementary school
BARCROFT
Middle school
KENMORE
High school
WAKEFIELD
Elementary school district
ARLINGTON COUNTY PUBLIC SCHOOLS
Middle school district
ARLINGTON COUNTY PUBLIC SCHOOLS
High school district
ARLINGTON COUNTY PUBLIC SCHOOLS
Standard status
Pending
Amenities
private balcony
24-hour concierge and security
fitness center
media theater
billiards and game room
business center
clubhouse
party room
outdoor pool
tennis courts
sun deck
picnic areas
barbecue grills
private storage unit
Building Details
Year built
2005
Listing Agency:
Vienna/Tysons
(703) 938-4200
Listed By:
Nazneen Kavarana
Added: Jun 17
Changed: Sep 2
Last Checked: Oct 21 at 12:06PM
MLS# VAAR2074580
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This residential income property is a 1,375-square-foot condominium residence with two bedrooms, a den, two renovated bathrooms, and a private balcony overlooking the WOD Trail. The interior includes luxury vinyl flooring in the main living areas, bedroom carpeting, fresh neutral paint, and floor-to-ceiling windows. Its updated kitchen has stainless steel appliances, a premium cooktop, an over-the-range microwave, and ample cabinetry, with adjoining flex space and a separate dining area. A full-size Energy Star washer and dryer are also included.
The residence comes with two assigned covered garage parking spaces and a private storage unit. Building amenities include a 24-hour concierge and security, fitness center, media theater, billiards and game room, business center, clubhouse, party room, outdoor pool, tennis courts, sun deck, picnic areas, and barbecue grills. The property is near Shirlington Village, the Four Mile Run and WOD Trails, Amazon HQ2, Reagan National Airport, Metro, I-395, I-495, I-66, Route 50, and Washington, D.C. Bathroom renovations were completed in 2024; the stove and microwave were updated in 2023, the washer and dryer in 2022, and the HVAC in 2015.
The residence comes with two assigned covered garage parking spaces and a private storage unit. Building amenities include a 24-hour concierge and security, fitness center, media theater, billiards and game room, business center, clubhouse, party room, outdoor pool, tennis courts, sun deck, picnic areas, and barbecue grills. The property is near Shirlington Village, the Four Mile Run and WOD Trails, Amazon HQ2, Reagan National Airport, Metro, I-395, I-495, I-66, Route 50, and Washington, D.C. Bathroom renovations were completed in 2024; the stove and microwave were updated in 2023, the washer and dryer in 2022, and the HVAC in 2015.
Key Highlights
- 1,375‑square‑foot condominium with two bedrooms, a den, and two renovated bathrooms
- Two assigned covered garage parking spaces plus a private storage unit
- Private balcony overlooking the WOD Trail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,691
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,820
$413.8K
Cap Rate 7%
$295,586
$295.6K
Cap Rate 9%
$229,900
$229.9K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$39.6K $28.80/SF
− Vacancy
−$2.0K −$1.44/SF
EGI
$37.6K $27.36/SF
− OpEx
−$16.9K −$12.31/SF
NOI
$20.7K $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%
$413,820
Cap Rate 7%
$295,586
Cap Rate 9%
$229,900
Alternative Uses
Best Use
Apartment 5plus
$295.6K
$258.6K – $344.9K
NOI $20,691 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$763.7K
$668.3K – $891.0K
NOI $53,460 @ 7.0% cap · market cap 13.04%
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
933
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 - Two-bedroom residence with a den, private balcony, covered parking, storage, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 4500 S FOUR MILE RUN DR #834 Arlington, VA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 1,375‑square‑foot condominium with two bedrooms, a den, and two renovated bathrooms; Two assigned covered garage parking spaces plus a private storage unit; Private balcony overlooking the WOD Trail
