Studio Condominium with Juliet
For Sale
$169,900
4600 S FOUR MILE RUN DRIVE Unit 423, Arlington, VA 22204
Renovated interior finishes, three closets, and two included parking spaces add practical convenience to this studio residence.
Property Size668 SF
Price / SF$254.34
Days on Market38
Property Features for 4600 S FOUR MILE RUN DRIVE Unit 423
General Information
Standard status
Active
Size
668 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Taxes and HOA fees
Annual Taxes
$1,869
Building Details
Building Size
668 SF
Year Built
1965
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Veronique Onteniente · License #0225249524
(202) 386-8457
Source:
Irvinrealtyllc
Added: Sep 21
Changed: Oct 27
Last Checked: Oct 27 at 3:29AM
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 668-square-foot studio condominium was built in 1965 and features two Juliet balconies, three closets, and an updated bathroom. Recent interior work includes fresh paint, new carpet installed in October 2025, kitchen luxury plank flooring added in 2025, and an updated quartz countertop. The kitchen and living area offer flexibility to configure the space for different residential needs. Laundry facilities are located near the unit, and two unassigned parking spaces are included.
Building amenities include a 24-hour concierge, outdoor pool with a separate baby pool, tennis court, fitness center, sauna, library, recreation room, and grilling areas. Pets are allowed, and all utilities are included. The property is in Arlington, Virginia, near Shirlington Village, Harris Teeter, I-95, the Pentagon, and Amazon HQ2.
Building amenities include a 24-hour concierge, outdoor pool with a separate baby pool, tennis court, fitness center, sauna, library, recreation room, and grilling areas. Pets are allowed, and all utilities are included. The property is in Arlington, Virginia, near Shirlington Village, Harris Teeter, I-95, the Pentagon, and Amazon HQ2.
Key Highlights
- 668‑square‑foot studio condominium built in 1965
- Two Juliet balconies and three closets
- New carpet installed October 2025; kitchen luxury plank flooring added in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,052
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,040
$201.0K
Cap Rate 7%
$143,600
$143.6K
Cap Rate 9%
$111,689
$111.7K
Market Conditions
NOI Build-Up for 668 SF
Gross rent
$19.2K $28.80/SF
− Vacancy
−$962 −$1.44/SF
EGI
$18.3K $27.36/SF
− OpEx
−$8.2K −$12.31/SF
NOI
$10.1K $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%
$201,040
Cap Rate 7%
$143,600
Cap Rate 9%
$111,689
Alternative Uses
Best Use
Apartment 5plus
$143.6K
$125.7K – $167.5K
NOI $10,052 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$371.0K
$324.7K – $432.9K
NOI $25,972 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
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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 - Renovated interior finishes, three closets, and two included parking spaces add practical convenience to this studio residence.
Where is this residential income property located?
The property is located at 4600 S FOUR MILE RUN DRIVE Unit 423 Arlington, VA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 668‑square‑foot studio condominium built in 1965; Two Juliet balconies and three closets; New carpet installed October 2025; kitchen luxury plank flooring added in 2025
