Residential Income Property with
For Sale
$226,000
4600 S FOUR MILE RUN DRIVE Unit 822, Arlington, VA 22204
The one-bedroom condo includes an assigned garage space and access to a fitness center, pool, and community room.
Property Size880 SF
Price / SF$256.82
Days on Market48
Property Features for 4600 S FOUR MILE RUN DRIVE Unit 822
General Information
Standard status
Active
Size
880 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,438
Amenities
fitness center
swimming pool
community room
Building Details
Building Size
880 SF
Year Built
1965
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 27 at 3:11AM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 880-square-foot, one-bedroom, one-bath condo has hardwood flooring and an updated kitchen with cabinetry, granite countertops, and stainless-steel appliances. The unit was built in 1965 and includes one assigned garage parking space. Residents may also obtain a decal for outdoor parking, and visitor spaces are available.
Community amenities include a fitness center, swimming pool, and community room. The condo fee covers utilities other than internet and cable. The unit is vacant, and no storage space is included.
Community amenities include a fitness center, swimming pool, and community room. The condo fee covers utilities other than internet and cable. The unit is vacant, and no storage space is included.
Key Highlights
- 880‑square‑foot, one‑bedroom, one‑bath condo
- Built in 1965
- One assigned garage parking space; outdoor parking decals and visitor spaces also available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,242
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,840
$264.8K
Cap Rate 7%
$189,171
$189.2K
Cap Rate 9%
$147,133
$147.1K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$25.3K $28.80/SF
− Vacancy
−$1.3K −$1.44/SF
EGI
$24.1K $27.36/SF
− OpEx
−$10.8K −$12.31/SF
NOI
$13.2K $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%
$264,840
Cap Rate 7%
$189,171
Cap Rate 9%
$147,133
Alternative Uses
Best Use
Apartment 5plus
$189.2K
$165.5K – $220.7K
NOI $13,242 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$488.8K
$427.7K – $570.2K
NOI $34,214 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom condo includes an assigned garage space and access to a fitness center, pool, and community room.
Where is this residential income property located?
The property is located at 4600 S FOUR MILE RUN DRIVE Unit 822 Arlington, VA.
What is the asking price?
The asking price for this property is $226,000.
What are key features of this property?
This property features: 880‑square‑foot, one‑bedroom, one‑bath condo; Built in 1965; One assigned garage parking space; outdoor parking decals and visitor spaces also available
