One-Bedroom Residential Income Unit with
For Sale
$319,900
4900 29TH ROAD S Unit B1, Arlington, VA 22206
In-unit laundry and a private outdoor area complement access to six community pools.
Property Size711 SF
Price / SF$449.93
Days on Market41
Property Features for 4900 29TH ROAD S Unit B1
General Information
Standard status
Active
Size
711 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Fairlington
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,695
Amenities
swimming pools
tennis courts
pickleball courts
daily trash pickup
Building Details
Building Size
711 SF
Year Built
1948
Listing Agency:
Jack Realty Group
Listed By:
John Pruski
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 18
Changed: Oct 26
Last Checked: Oct 26 at 10:29AM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 711-square-foot, one-bedroom, one-bath residential unit was built in 1948 and includes a private balcony. The kitchen has granite counters, ceramic tile, stainless steel appliances, and a new refrigerator. A washer and dryer are located inside the unit, and recessed lighting is installed throughout, with dimmers in selected areas.
Community amenities include six swimming pools, tennis and pickleball courts, sidewalks, mature trees, and landscaped grounds. The property is near Shirlington, Bradlee Shopping Center, West Alex, grocery stores, restaurants, and a weekend farmers market. A bus stop is at the corner, the Metro is less than three miles away, and Reagan Washington National Airport is less than five miles away.
Community amenities include six swimming pools, tennis and pickleball courts, sidewalks, mature trees, and landscaped grounds. The property is near Shirlington, Bradlee Shopping Center, West Alex, grocery stores, restaurants, and a weekend farmers market. A bus stop is at the corner, the Metro is less than three miles away, and Reagan Washington National Airport is less than five miles away.
Key Highlights
- 711‑square‑foot one‑bedroom, one‑bath unit
- Private balcony and washer and dryer inside the unit
- Kitchen with granite countertops, ceramic tile, stainless steel appliances, and a new refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,699
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,980
$214.0K
Cap Rate 7%
$152,843
$152.8K
Cap Rate 9%
$118,878
$118.9K
Market Conditions
NOI Build-Up for 711 SF
Gross rent
$20.5K $28.80/SF
− Vacancy
−$1.0K −$1.44/SF
EGI
$19.5K $27.36/SF
− OpEx
−$8.8K −$12.31/SF
NOI
$10.7K $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%
$213,980
Cap Rate 7%
$152,843
Cap Rate 9%
$118,878
Alternative Uses
Best Use
Apartment 5plus
$152.8K
$133.7K – $178.3K
NOI $10,699 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$394.9K
$345.6K – $460.7K
NOI $27,644 @ 7.0% cap · market cap 8.64%
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
1,188
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 - In-unit laundry and a private outdoor area complement access to six community pools.
Where is this residential income property located?
The property is located at 4900 29TH ROAD S Unit B1 Arlington, VA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 711‑square‑foot one‑bedroom, one‑bath unit; Private balcony and washer and dryer inside the unit; Kitchen with granite countertops, ceramic tile, stainless steel appliances, and a new refrigerator
