Residential Unit with
For Sale
$350,000
4500 S FOUR MILE RUN DRIVE Unit 104, Arlington, VA 22204
A two-bedroom, two-bath residence offers a separate flex area, updated kitchen and baths, and two parking spaces.
Property Size1,150 SF
Price / SF$304.35
Days on Market42
Property Features for 4500 S FOUR MILE RUN DRIVE Unit 104
General Information
Standard status
Active
Size
1,150 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,180
Amenities
balcony
pet friendly building
Building Details
Building Size
1,150 SF
Year Built
2005
Listing Agency:
KW Metro Center
Listed By:
Emely Gonzalez · License #0225232511
(703) 867-7599
Source:
Horsefarmsandcountryhomes
Added: Sep 17
Changed: Oct 27
Last Checked: Oct 26 at 7:20PM
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 KW Metro Center
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Investment Insights
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This 1,150-square-foot residential unit has two bedrooms, two bathrooms, and a balcony facing a landscaped courtyard. A separate flex area can serve as an office, den, or informal dining space. The remodeled kitchen features granite counters, stainless steel appliances, custom cabinetry, and a pantry; the bathrooms have also been updated. Hardwood floors run through the living area and bedrooms, and a new HVAC system was installed in 2025. Storage includes two walk-in closets and a separate enclosed room in the building’s common storage area. The property was built in 2005.
Two upper-level parking spaces convey with the unit. The building is pet-friendly, and renovations to its halls and public areas are underway, with the seller covering the unit’s full share of the project costs. The property is next to the W&OD Path and close to Shirlington, commuting routes, bus service at the building entrance, the airport, and a train station.
Two upper-level parking spaces convey with the unit. The building is pet-friendly, and renovations to its halls and public areas are underway, with the seller covering the unit’s full share of the project costs. The property is next to the W&OD Path and close to Shirlington, commuting routes, bus service at the building entrance, the airport, and a train station.
Key Highlights
- 1,150‑square‑foot unit with two bedrooms, two bathrooms, and a courtyard‑facing balcony
- Separate flex area for an office, den, or informal dining
- Remodeled kitchen with granite counters, stainless steel appliances, and custom cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,305
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,100
$346.1K
Cap Rate 7%
$247,214
$247.2K
Cap Rate 9%
$192,278
$192.3K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$33.1K $28.80/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$31.5K $27.36/SF
− OpEx
−$14.2K −$12.31/SF
NOI
$17.3K $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%
$346,100
Cap Rate 7%
$247,214
Cap Rate 9%
$192,278
Alternative Uses
Best Use
Apartment 5plus
$247.2K
$216.3K – $288.4K
NOI $17,305 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$638.7K
$558.9K – $745.2K
NOI $44,712 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
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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 - A two-bedroom, two-bath residence offers a separate flex area, updated kitchen and baths, and two parking spaces.
Where is this residential income property located?
The property is located at 4500 S FOUR MILE RUN DRIVE Unit 104 Arlington, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,150‑square‑foot unit with two bedrooms, two bathrooms, and a courtyard‑facing balcony; Separate flex area for an office, den, or informal dining; Remodeled kitchen with granite counters, stainless steel appliances, and custom cabinets
