Two-Bedroom Residential Income
For Sale
$369,900
4628 28TH ROAD S Unit C, Arlington, VA 22206
The home combines an updated kitchen, a private fenced patio, and access to shared recreation amenities.
Property Size755 SF
Price / SF$489.93
Days on Market42
Property Features for 4628 28TH ROAD S Unit C
General Information
Standard status
Active
Size
755 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Shirlington
Highway Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,136
Amenities
outdoor pool
tennis court
laundry nook
private patio
Juliet balcony
Building Details
Building Size
755 SF
Year Built
1950
Listing Agency:
EXP Realty, LLC
Listed By:
Kay Houghton · License #0225214930
(703) 225-5529
Source:
Jackrealtygroup
Added: Sep 17
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 755-square-foot residence has two bedrooms and one full bathroom. Hardwood flooring runs through the living area, where double French doors open to a Juliet balcony; the adjoining dining area has a storage closet. The kitchen features shaker cabinetry, granite countertops, a marble tile backsplash, and stainless steel appliances. A private, fully fenced paver patio is accessible from the kitchen. A laundry nook with a stacked washer and dryer installed in 2025 completes the interior.
Community amenities include two outdoor pools and tennis courts, with parking available throughout. Nearby are parks, walking trails, and the shops and restaurants at The Village at Shirlington. I-395 connects the area with North Arlington, Del Ray, Old Town, and Washington, DC.
Community amenities include two outdoor pools and tennis courts, with parking available throughout. Nearby are parks, walking trails, and the shops and restaurants at The Village at Shirlington. I-395 connects the area with North Arlington, Del Ray, Old Town, and Washington, DC.
Key Highlights
- 755 square feet with two bedrooms and one full bathroom
- Private, fully fenced paver patio
- Two outdoor pools and tennis courts in the community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,361
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,220
$227.2K
Cap Rate 7%
$162,300
$162.3K
Cap Rate 9%
$126,233
$126.2K
Market Conditions
NOI Build-Up for 755 SF
Gross rent
$21.7K $28.80/SF
− Vacancy
−$1.1K −$1.44/SF
EGI
$20.7K $27.36/SF
− OpEx
−$9.3K −$12.31/SF
NOI
$11.4K $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%
$227,220
Cap Rate 7%
$162,300
Cap Rate 9%
$126,233
Alternative Uses
Best Use
Apartment 5plus
$162.3K
$142.0K – $189.4K
NOI $11,361 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$419.3K
$366.9K – $489.2K
NOI $29,354 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,023
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The home combines an updated kitchen, a private fenced patio, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 4628 28TH ROAD S Unit C Arlington, VA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 755 square feet with two bedrooms and one full bathroom; Private, fully fenced paver patio; Two outdoor pools and tennis courts in the community
