Residential Income Property with
For Sale
$425,000
4525 28TH ROAD S Unit D, Arlington, VA 22206
A covered private patio extends the living area, with a separate secure closet for storage.
Property Size848 SF
Price / SF$501.18
Days on Market49
Property Features for 4525 28TH ROAD S Unit D
General Information
Standard status
Active
Size
848 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Shirlington
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,460
Amenities
wood-burning fireplace
covered patio
stacked washer/dryer
community pool
Building Details
Building Size
848 SF
Year Built
1983
Construction
garden-style
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Michael Ross Favazzo · License #0225272726
(970) 710-1246
Source:
Districtpropertygroup
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 4:07PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 848-square-foot residential income property was built in 1983 and has two bedrooms and one bathroom. The living room includes a wood-burning fireplace and opens through a sliding glass door to a covered private patio. The kitchen has stainless steel appliances, a greenhouse window, and a stacked washer and dryer. A walk-in closet with built-in storage serves the primary bedroom, while the second bedroom can also function as an office.
The Heatherlea community provides a pool and two unassigned parking permits. The association fee covers water, trash, exterior maintenance, insurance, reserve funds, and off-site management. The property is in Arlington, Virginia, with access to commuter options and shopping, as described in the listing.
The Heatherlea community provides a pool and two unassigned parking permits. The association fee covers water, trash, exterior maintenance, insurance, reserve funds, and off-site management. The property is in Arlington, Virginia, with access to commuter options and shopping, as described in the listing.
Key Highlights
- 848‑square‑foot unit with two bedrooms and one bathroom
- Wood‑burning fireplace in the living room
- Covered private patio and secure storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,761
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,220
$255.2K
Cap Rate 7%
$182,300
$182.3K
Cap Rate 9%
$141,789
$141.8K
Market Conditions
NOI Build-Up for 848 SF
Gross rent
$24.4K $28.80/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$23.2K $27.36/SF
− OpEx
−$10.4K −$12.31/SF
NOI
$12.8K $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%
$255,220
Cap Rate 7%
$182,300
Cap Rate 9%
$141,789
Alternative Uses
Best Use
Apartment 5plus
$182.3K
$159.5K – $212.7K
NOI $12,761 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 22206, VA
21,645
Population
11,851
Households
1.8
Avg Household Size
35
Median Age
76%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
10,307
Density / Sq Mi
$136,472
Median Household Income
$92,948
Median Earnings
$2,332
Median Rent
$569,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A covered private patio extends the living area, with a separate secure closet for storage.
Where is this residential income property located?
The property is located at 4525 28TH ROAD S Unit D Arlington, VA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 848‑square‑foot unit with two bedrooms and one bathroom; Wood‑burning fireplace in the living room; Covered private patio and secure storage closet
