Residential Income Property with
For Sale
$209,900
4600 S FOUR MILE RUN DRIVE Unit 1207, Arlington, VA 22204
A 12th-floor, one-bedroom residence pairs private outdoor space with building amenities and utility-inclusive condo fees.
Property Size828 SF
Price / SF$253.50
Days on Market103
Property Features for 4600 S FOUR MILE RUN DRIVE Unit 1207
General Information
Standard status
Active
Size
828 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,266
Amenities
resort-style outdoor swimming pool
fitness center
tennis courts
party room
bike storage
24-hour concierge/front desk service
laundry facilities
Building Details
Building Size
828 SF
Year Built
1965
Stories
12
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 18
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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.
This 828-square-foot condominium has one bedroom and one bathroom, with an open living and dining area, granite kitchen counters, and a private balcony. The unit is on the building’s 12th floor and includes a full-wall sliding glass door and two full-height windows. The building, completed in 1965, has laundry facilities on each floor. Condo fees cover utilities other than cable and internet.
Resident facilities include an outdoor pool, fitness center, tennis courts, party room, bike storage, and 24-hour front desk service. The property is minutes from Shirlington Village, the W&OD Trail, parks, restaurants, shopping, and entertainment, with access to I-395 and destinations including the Pentagon, National Landing, Washington, DC, and Ronald Reagan Washington National Airport.
Resident facilities include an outdoor pool, fitness center, tennis courts, party room, bike storage, and 24-hour front desk service. The property is minutes from Shirlington Village, the W&OD Trail, parks, restaurants, shopping, and entertainment, with access to I-395 and destinations including the Pentagon, National Landing, Washington, DC, and Ronald Reagan Washington National Airport.
Key Highlights
- 828‑square‑foot, one‑bedroom, one‑bathroom condominium on the 12th floor
- Private balcony, full‑wall sliding glass door, and two full‑height windows
- Condo fees include utilities except cable and internet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,460
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,200
$249.2K
Cap Rate 7%
$178,000
$178.0K
Cap Rate 9%
$138,444
$138.4K
Market Conditions
NOI Build-Up for 828 SF
Gross rent
$23.8K $28.80/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$22.7K $27.36/SF
− OpEx
−$10.2K −$12.31/SF
NOI
$12.5K $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%
$249,200
Cap Rate 7%
$178,000
Cap Rate 9%
$138,444
Alternative Uses
Best Use
Apartment 5plus
$178.0K
$155.8K – $207.7K
NOI $12,460 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$459.9K
$402.4K – $536.6K
NOI $32,193 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
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 12th-floor, one-bedroom residence pairs private outdoor space with building amenities and utility-inclusive condo fees.
Where is this residential income property located?
The property is located at 4600 S FOUR MILE RUN DRIVE Unit 1207 Arlington, VA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 828‑square‑foot, one‑bedroom, one‑bathroom condominium on the 12th floor; Private balcony, full‑wall sliding glass door, and two full‑height windows; Condo fees include utilities except cable and internet
