Studio Residential Income
For Sale
$154,900
4600 S FOUR MILE RUN DRIVE Unit 1029, Arlington, VA 22204
The unit has a gas range, pantry storage, and access to building amenities and multiple shared laundry rooms.
Property Size546 SF
Price / SF$283.70
Days on Market91
Property Features for 4600 S FOUR MILE RUN DRIVE Unit 1029
General Information
Standard status
Active
Size
546 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Forest
Taxes and HOA fees
Annual Taxes
$1,743
Building Details
Building Size
546 SF
Year Built
1965
Listing Agency:
Samson Properties
Listed By:
Heidi E Swenson · License #0225103590
(703) 981-8277
Source:
Irvinrealtyllc
Added: Jul 30
Changed: Oct 27
Last Checked: Oct 26 at 7:16PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 546-square-foot studio condominium is on the 10th floor of The Carlton, a residential building constructed in 1965. Interior features include luxury vinyl plank flooring, a kitchen with stainless steel appliances and a pantry, a bathroom with a shower-and-tub combination, and two closets, one of them a walk-in with built-in shelving. The balcony door was replaced in 2022, and a shared laundry room is located next to the unit. Utilities are included in the monthly condo fee.
Building amenities include a front desk staffed around the clock, a swimming pool, a fitness center, a sauna, and tennis courts. Walking, jogging, and biking trails are located just outside the building. Parking includes one unassigned space, with additional guest parking and street parking available.
Building amenities include a front desk staffed around the clock, a swimming pool, a fitness center, a sauna, and tennis courts. Walking, jogging, and biking trails are located just outside the building. Parking includes one unassigned space, with additional guest parking and street parking available.
Key Highlights
- 546‑square‑foot studio on the 10th floor
- The Carlton was built in 1965
- Balcony door replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,216
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$164,320
$164.3K
Cap Rate 7%
$117,371
$117.4K
Cap Rate 9%
$91,289
$91.3K
Market Conditions
NOI Build-Up for 546 SF
Gross rent
$15.7K $28.80/SF
− Vacancy
−$786 −$1.44/SF
EGI
$14.9K $27.36/SF
− OpEx
−$6.7K −$12.31/SF
NOI
$8.2K $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%
$164,320
Cap Rate 7%
$117,371
Cap Rate 9%
$91,289
Alternative Uses
Best Use
Apartment 5plus
$117.4K
$102.7K – $136.9K
NOI $8,216 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$303.3K
$265.4K – $353.8K
NOI $21,228 @ 7.0% cap · market cap 13.70%
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 - The unit has a gas range, pantry storage, and access to building amenities and multiple shared laundry rooms.
Where is this residential income property located?
The property is located at 4600 S FOUR MILE RUN DRIVE Unit 1029 Arlington, VA.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: 546‑square‑foot studio on the 10th floor; The Carlton was built in 1965; Balcony door replaced in 2022
