Residential Income Property with
For Sale
$392,500
Pending
4656 34TH STREET S Unit B1, Arlington, VA 22206
The residence combines a one-bedroom layout with loft space, substantial extra storage, and access to community recreation.
Property Size1,008 SF
Days on Market53
Property Features for 4656 34TH STREET S Unit B1
General Information
Standard status
Pending
Size
1,008 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Fairlington
Public Transit
Yes
Units
Unit Mix
1 x 1BR+Loft
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,273
Amenities
pool
tennis courts
playground
washer/dryer
Building Details
Building Size
1,008 SF
Year Built
1940
Listing Agency:
RLAH @properties
Listed By:
Nancy Heisel · License #0225080399
(703) 919-0254
Source:
Canopy-re
Added: Sep 13
Changed: Nov 2
Last Checked: Nov 4 at 6:15AM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This 1,008-square-foot residence has one bedroom, an upper-level loft, and more than 300 square feet of unfinished storage. Cathedral ceilings and a skylight bring natural light into the living area. Wood flooring extends through the home, and the kitchen and bathroom have been updated. Stainless steel appliances, a washer and dryer, and closet systems are included.
Community amenities include a pool, tennis courts, playground, assigned parking, and a farmers market at the community center. Water, sewer, and trash are covered by the condo fee. Utah Dog Park is next door, while nearby bike lanes connect toward Del Ray, Shirlington, and Four Mile Run Trail. Bus routes A25 and A71 provide service to the Pentagon, Pentagon City, King Street Metro, and Ballston Metro.
Community amenities include a pool, tennis courts, playground, assigned parking, and a farmers market at the community center. Water, sewer, and trash are covered by the condo fee. Utah Dog Park is next door, while nearby bike lanes connect toward Del Ray, Shirlington, and Four Mile Run Trail. Bus routes A25 and A71 provide service to the Pentagon, Pentagon City, King Street Metro, and Ballston Metro.
Key Highlights
- 1,008‑square‑foot residence with one bedroom and an upper‑level loft
- More than 300 square feet of unfinished storage
- Pool, tennis courts, playground, and assigned parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,168
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,360
$303.4K
Cap Rate 7%
$216,686
$216.7K
Cap Rate 9%
$168,533
$168.5K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$29.0K $28.80/SF
− Vacancy
−$1.5K −$1.44/SF
EGI
$27.6K $27.36/SF
− OpEx
−$12.4K −$12.31/SF
NOI
$15.2K $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%
$303,360
Cap Rate 7%
$216,686
Cap Rate 9%
$168,533
Alternative Uses
Best Use
Apartment 5plus
$216.7K
$189.6K – $252.8K
NOI $15,168 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$559.9K
$489.9K – $653.2K
NOI $39,191 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
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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 residence combines a one-bedroom layout with loft space, substantial extra storage, and access to community recreation.
Where is this residential income property located?
The property is located at 4656 34TH STREET S Unit B1 Arlington, VA.
What is the asking price?
The asking price for this property is $392,500.
What are key features of this property?
This property features: 1,008‑square‑foot residence with one bedroom and an upper‑level loft; More than 300 square feet of unfinished storage; Pool, tennis courts, playground, and assigned parking
