One-Bedroom Condo With
4501 ARLINGTON BOULEVARD Unit 528, Arlington, VA 22203
For Sale
$274,900
Building amenities include a pool, fitness center, game room, party room, and 24-hour front desk.
Property Size819 SF
Price / SF$335.65
Days on Market22
Property Features for 4501 ARLINGTON BOULEVARD Unit 528
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
swimming pool
24-hour front desk
on-site maintenance
fitness center
game room
party room
outdoor grilling area
private balcony
private storage
laundry rooms
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Allegiance
Listed By:
Robert T Ferguson Jr. · License #0225020185
(703) 926-6139
Source:
Horsefarmsandcountryhomes
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 8:46PM
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 RE/MAX Allegiance
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Investment Insights
Based on property information with market context.
This 819-square-foot condominium has one bedroom and one full bathroom, with an open living and dining area connected to the kitchen. The kitchen has granite countertops, stainless steel appliances, and a breakfast bar island. Hardwood floors, an updated kitchen, and a renovated bathroom are among the unit’s interior features. A private balcony and a storage area on the same floor add usable space. Two laundry rooms are available on each floor of the building.
Residents also have access to a swimming pool, fitness center, game room, party room, outdoor grilling area, on-site maintenance, and a 24-hour front desk. The building dates to 1965 and is in Arlington near Ballston, with access to I-66, I-395, I-495, shopping, dining, and entertainment.
Residents also have access to a swimming pool, fitness center, game room, party room, outdoor grilling area, on-site maintenance, and a 24-hour front desk. The building dates to 1965 and is in Arlington near Ballston, with access to I-66, I-395, I-495, shopping, dining, and entertainment.
Key Highlights
- 819‑square‑foot, one‑bedroom condominium with one full bathroom
- Open living and dining area adjoining a kitchen with breakfast bar island
- Granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,324
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,480
$246.5K
Cap Rate 7%
$176,057
$176.1K
Cap Rate 9%
$136,933
$136.9K
Market Conditions
NOI Build-Up for 819 SF
Gross rent
$23.6K $28.80/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$22.4K $27.36/SF
− OpEx
−$10.1K −$12.31/SF
NOI
$12.3K $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%
$246,480
Cap Rate 7%
$176,057
Cap Rate 9%
$136,933
Alternative Uses
Best Use
Apartment 5plus
$176.1K
$154.1K – $205.4K
NOI $12,324 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$454.9K
$398.0K – $530.7K
NOI $31,843 @ 7.0% cap · market cap 11.58%
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
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 22203, VA
25,437
Population
14,528
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
15,898
Density / Sq Mi
$132,402
Median Household Income
$90,699
Median Earnings
$2,318
Median Rent
$809,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Building amenities include a pool, fitness center, game room, party room, and 24-hour front desk.
Where is this residential income property located?
The property is located at 4501 ARLINGTON BOULEVARD Unit 528 Arlington, VA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 819‑square‑foot, one‑bedroom condominium with one full bathroom; Open living and dining area adjoining a kitchen with breakfast bar island; Granite countertops and stainless steel appliances
