Updated Residential Income
4606 28TH ROAD S Unit C, Arlington, VA 22206
For Sale
$620,000
The condo features new electric kitchen appliances, heat-pump HVAC, and waterproof laminate flooring.
Property Size1,576 SF
Days on Market9
Property Features for 4606 28TH ROAD S Unit C
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
BEYCOME BROKERAGE REALTY LLC
Listed By:
Steven Koleno · License VA #0225277955
(804) 656-5007
Source:
Barnesrealestatecompany
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 1:47PM
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 BEYCOME BROKERAGE REALTY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Arlington condo has been updated with Energy Star kitchen appliances, including an induction range, dishwasher, and French-door refrigerator. A Bryant heat pump and Carrier air handler provide heating and cooling. Double-pane Pella windows were installed in 2025, and waterproof laminate flooring runs throughout the unit. The building has concrete and brick exterior walls and insulation between neighboring units.
Shirlington Village is about a 15-minute walk away, with dining, entertainment, and retail options. Nearby destinations also include Bradlee Shopping Center, Arlington Library, and Signature Theatre.
Shirlington Village is about a 15-minute walk away, with dining, entertainment, and retail options. Nearby destinations also include Bradlee Shopping Center, Arlington Library, and Signature Theatre.
Key Highlights
- Energy Star kitchen appliances include an induction range, dishwasher, and French‑door refrigerator
- Bryant heat pump and Carrier air handler
- Double‑pane Pella windows installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,716
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,320
$474.3K
Cap Rate 7%
$338,800
$338.8K
Cap Rate 9%
$263,511
$263.5K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$45.4K $28.80/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$43.1K $27.36/SF
− OpEx
−$19.4K −$12.31/SF
NOI
$23.7K $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%
$474,320
Cap Rate 7%
$338,800
Cap Rate 9%
$263,511
Alternative Uses
Best Use
Apartment 5plus
$338.8K
$296.5K – $395.3K
NOI $23,716 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$875.4K
$765.9K – $1.02M
NOI $61,275 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 22206, VA
21,645
Population
11,851
Households
1.8
Avg Household Size
35
Median Age
76%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
10,307
Density / Sq Mi
$136,472
Median Household Income
$92,948
Median Earnings
$2,332
Median Rent
$569,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The condo features new electric kitchen appliances, heat-pump HVAC, and waterproof laminate flooring.
Where is this residential income property located?
The property is located at 4606 28TH ROAD S Unit C Arlington, VA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Energy Star kitchen appliances include an induction range, dishwasher, and French‑door refrigerator; Bryant heat pump and Carrier air handler; Double‑pane Pella windows installed in 2025
