Residential Income Property with
For Sale
$675,000
Pending
4728 29TH STREET S Unit A1, Arlington, VA 22206
Two finished levels combine a remodeled kitchen, three bedrooms, outdoor space, and access to community recreation amenities.
Property Size1,860 SF
Days on Market13
Property Features for 4728 29TH STREET S Unit A1
General Information
Standard status
Pending
Size
1,860 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,894
Amenities
recreation center
pools
tennis courts
Sunday Farmers Market
private balcony
fenced-in yard
Building Details
Building Size
1,860 SF
Year Built
1944
Stories
2
Listing Agency:
Compass
Listed By:
Brooke Johnson · License #0225254843
(845) 629-6438
Source:
Kerishull
Added: Sep 25
Changed: Oct 6
Last Checked: Oct 5 at 8:54PM
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
Investment Insights
Based on property information with market context.
This 1,860-square-foot residence, built in 1944, spans two finished levels. The main floor includes two bedrooms, a full bathroom, hardwood flooring, and a remodeled kitchen with custom cabinetry and a center island. A third bedroom and another full bathroom accompany the lower-level recreation room. The home also has a private balcony, fenced yard, and patio.
Fairlington Villages offers a recreation center, pools, tennis courts, and a Sunday farmers market. Shops and restaurants at Fairlington Plaza, Bradlee Center, and Shirlington are minutes away. DCA, the Pentagon, and Washington, DC, are also described as minutes from the property.
Fairlington Villages offers a recreation center, pools, tennis courts, and a Sunday farmers market. Shops and restaurants at Fairlington Plaza, Bradlee Center, and Shirlington are minutes away. DCA, the Pentagon, and Washington, DC, are also described as minutes from the property.
Key Highlights
- 1,860 square feet across two finished levels
- Three bedrooms and two full bathrooms
- Remodeled kitchen with custom cabinetry and center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,989
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,780
$559.8K
Cap Rate 7%
$399,843
$399.8K
Cap Rate 9%
$310,989
$311.0K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$53.6K $28.80/SF
− Vacancy
−$2.7K −$1.44/SF
EGI
$50.9K $27.36/SF
− OpEx
−$22.9K −$12.31/SF
NOI
$28.0K $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%
$559,780
Cap Rate 7%
$399,843
Cap Rate 9%
$310,989
Alternative Uses
Best Use
Apartment 5plus
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.03M
$904.0K – $1.21M
NOI $72,317 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,045
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 - Two finished levels combine a remodeled kitchen, three bedrooms, outdoor space, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 4728 29TH STREET S Unit A1 Arlington, VA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,860 square feet across two finished levels; Three bedrooms and two full bathrooms; Remodeled kitchen with custom cabinetry and center island
