Condominium with Private
For Sale
$260,000
4500 S FOUR MILE RUN DRIVE Unit 530, Arlington, VA 22204
The unit combines in-home laundry and private storage with access to extensive community recreation amenities.
Property Size755 SF
Price / SF$344.37
Days on Market39
Property Features for 4500 S FOUR MILE RUN DRIVE Unit 530
General Information
Standard status
Active
Size
755 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,500
Amenities
in-unit laundry
private balcony
private storage unit
24-hour concierge
outdoor pool
sundeck
fitness center
tennis courts
pickleball courts
clubhouse
billiards room
picnic and grilling areas
extra storage
direct access to Four Mile Run Trail
Building Details
Building Size
755 SF
Year Built
2005
Listing Agency:
Jack Realty Group
Listed By:
John Pruski
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 20
Changed: Oct 26
Last Checked: Oct 26 at 10:32AM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
Built in 2005, this one-bedroom, one-bath condominium includes an open living plan, in-unit laundry, a private balcony, a walk-in bedroom closet, assigned parking, and a separate storage unit.
Community features include a 24-hour concierge, an outdoor pool and sundeck, fitness center, tennis and pickleball courts, clubhouse, billiards room, and picnic and grilling areas. The property also has direct access to the Four Mile Run Trail. It sits between Shirlington Village and Columbia Pike, with I-395, the Pentagon, National Landing, Reagan National Airport, Metro stations, shopping, dining, and parks described as minutes away.
Community features include a 24-hour concierge, an outdoor pool and sundeck, fitness center, tennis and pickleball courts, clubhouse, billiards room, and picnic and grilling areas. The property also has direct access to the Four Mile Run Trail. It sits between Shirlington Village and Columbia Pike, with I-395, the Pentagon, National Landing, Reagan National Airport, Metro stations, shopping, dining, and parks described as minutes away.
Key Highlights
- One‑bedroom, one‑bath condominium built in 2005
- Private balcony, in‑unit laundry, and walk‑in bedroom closet
- Assigned parking space and private storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,361
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,220
$227.2K
Cap Rate 7%
$162,300
$162.3K
Cap Rate 9%
$126,233
$126.2K
Market Conditions
NOI Build-Up for 755 SF
Gross rent
$21.7K $28.80/SF
− Vacancy
−$1.1K −$1.44/SF
EGI
$20.7K $27.36/SF
− OpEx
−$9.3K −$12.31/SF
NOI
$11.4K $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%
$227,220
Cap Rate 7%
$162,300
Cap Rate 9%
$126,233
Alternative Uses
Best Use
Apartment 5plus
$162.3K
$142.0K – $189.4K
NOI $11,361 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$419.3K
$366.9K – $489.2K
NOI $29,354 @ 7.0% cap · market cap 11.29%
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 unit combines in-home laundry and private storage with access to extensive community recreation amenities.
Where is this residential income property located?
The property is located at 4500 S FOUR MILE RUN DRIVE Unit 530 Arlington, VA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium built in 2005; Private balcony, in‑unit laundry, and walk‑in bedroom closet; Assigned parking space and private storage unit
