Two-Bedroom Condominium with
For Sale
$290,000
4600 S FOUR MILE RUN DRIVE Unit 1228, Arlington, VA 22204
An assigned garage space sits near the elevator, with surface parking also available to residents.
Property Size1,084 SF
Price / SF$267.53
Days on Market167
Property Features for 4600 S FOUR MILE RUN DRIVE Unit 1228
General Information
Standard status
Active
Size
1,084 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Additional Details
Asking Price
$245,000
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,586
Amenities
gym
tennis/pickleball courts
outdoor pool
sauna
game room
24/7 security
concierge service
Building Details
Building Size
1,084 SF
Year Built
1965
Listing Agency:
Serhant
Listed By:
Sandra P. Reardon · License #0225235481
(845) 497-6223
Source:
Irvinrealtyllc
Added: May 22
Changed: Oct 27
Last Checked: Nov 4 at 7:52AM
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 Serhant
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Investment Insights
Based on property information with market context.
This ninth-floor, two-bedroom condominium offers 1,084 square feet, one full bathroom, and a balcony accessible from the living area and primary bedroom. Hardwood flooring extends through the living and dining rooms, while the renovated kitchen includes stainless steel appliances, natural stone counters, a farmhouse sink, and a built-in pantry. A foyer nook has a built-in desk, and both bedrooms feature carpet and closet built-ins.
The Carlton provides a gym, tennis and pickleball courts, an outdoor pool, sauna, game room, security, and concierge service. Utilities including electricity, gas, and water are included in the monthly fee. One assigned, privately owned garage space is located three spaces from the elevator; resident surface parking is also available. The building dates to 1965.
The Carlton provides a gym, tennis and pickleball courts, an outdoor pool, sauna, game room, security, and concierge service. Utilities including electricity, gas, and water are included in the monthly fee. One assigned, privately owned garage space is located three spaces from the elevator; resident surface parking is also available. The building dates to 1965.
Key Highlights
- 1,084‑square‑foot, two‑bedroom condominium on the ninth floor
- One full bathroom and a balcony accessible from the living area and primary bedroom
- Renovated kitchen with stainless steel appliances, natural stone counters, farmhouse sink, and built‑in pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,312
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,240
$326.2K
Cap Rate 7%
$233,029
$233.0K
Cap Rate 9%
$181,244
$181.2K
Market Conditions
NOI Build-Up for 1,084 SF
Gross rent
$31.2K $28.80/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$29.7K $27.36/SF
− OpEx
−$13.3K −$12.31/SF
NOI
$16.3K $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%
$326,240
Cap Rate 7%
$233,029
Cap Rate 9%
$181,244
Alternative Uses
Best Use
Apartment 5plus
$233.0K
$203.9K – $271.9K
NOI $16,312 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$602.1K
$526.8K – $702.4K
NOI $42,146 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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 - An assigned garage space sits near the elevator, with surface parking also available to residents.
Where is this residential income property located?
The property is located at 4600 S FOUR MILE RUN DRIVE Unit 1228 Arlington, VA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 1,084‑square‑foot, two‑bedroom condominium on the ninth floor; One full bathroom and a balcony accessible from the living area and primary bedroom; Renovated kitchen with stainless steel appliances, natural stone counters, farmhouse sink, and built‑in pantry
