Residential Income Property with
For Sale
$350,000
4500 S FOUR MILE RUN DRIVE Unit 314, Arlington, VA 22204
The residence includes two bedrooms, a den, and access to extensive community amenities.
Property Size1,152 SF
Price / SF$303.82
Days on Market70
Property Features for 4500 S FOUR MILE RUN DRIVE Unit 314
General Information
Standard status
Active
Size
1,152 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Highway Access
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$4,213
Amenities
fitness center
outdoor pool
tennis courts
billiards/game room
library
24-hour concierge service
private balcony
Building Details
Building Size
1,152 SF
Year Built
2005
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Aug 20
Changed: Oct 26
Last Checked: Oct 26 at 1:40PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,150-square-foot residence, built in 2005, has two bedrooms, a den, and two full bathrooms. Hardwood flooring extends through the living and dining areas, den, and bedrooms. The kitchen has granite countertops, stainless steel appliances, tiled backsplash, and wood cabinetry, with an adjoining dining nook. A private balcony overlooks mature trees, and one assigned parking space is included. A stacked washer and dryer are also in the unit.
Community amenities include a fitness center, outdoor pool, tennis courts, billiards and game room, library, and 24-hour concierge. The condo fee covers water, sewer, and trash and recycling service. The property is in Arlington's Columbia Forest neighborhood, minutes from Shirlington, Columbia Pike shops and restaurants, and Pentagon City, with access to I-395 and Route 50 for travel toward Washington, DC.
Community amenities include a fitness center, outdoor pool, tennis courts, billiards and game room, library, and 24-hour concierge. The condo fee covers water, sewer, and trash and recycling service. The property is in Arlington's Columbia Forest neighborhood, minutes from Shirlington, Columbia Pike shops and restaurants, and Pentagon City, with access to I-395 and Route 50 for travel toward Washington, DC.
Key Highlights
- 1,150‑square‑foot residence with two bedrooms, a den, and two full bathrooms
- Private balcony and one assigned parking space
- Kitchen includes granite countertops, stainless steel appliances, tiled backsplash, and wood cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,335
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,700
$346.7K
Cap Rate 7%
$247,643
$247.6K
Cap Rate 9%
$192,611
$192.6K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$33.2K $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%
$346,700
Cap Rate 7%
$247,643
Cap Rate 9%
$192,611
Alternative Uses
Best Use
Apartment 5plus
$247.6K
$216.7K – $288.9K
NOI $17,335 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$639.9K
$559.9K – $746.5K
NOI $44,790 @ 7.0% cap · market cap 12.80%
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
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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 two bedrooms, a den, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 4500 S FOUR MILE RUN DRIVE Unit 314 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 residence with two bedrooms, a den, and two full bathrooms; Private balcony and one assigned parking space; Kitchen includes granite countertops, stainless steel appliances, tiled backsplash, and wood cabinetry
