2-Bedroom
For Sale
$350,000
5009 7TH ROAD S Unit 301, Arlington, VA 22204
Top-floor home with two full baths, an open living and dining area, and a private basement storage room.
Property Size1,063 SF
Price / SF$329.26
Days on Market24
Property Features for 5009 7TH ROAD S Unit 301
General Information
Standard status
Active
Size
1,063 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Mill
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,625
Amenities
community pool
picnic spots
green grounds
private storage room
Building Details
Building Size
1,063 SF
Year Built
1970
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Oct 5
Changed: Oct 27
Last Checked: Oct 26 at 12:01PM
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
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Investment Insights
Based on property information with market context.
This 1,063-square-foot, top-floor condominium was built in 1970 and has two bedrooms and two full bathrooms. The primary bedroom has an en-suite bath, with a second full bath off the hallway. Fresh paint and laminate flooring run throughout, while the living and dining areas share an open layout with crown molding and a kitchen island. A private storage room is located in the basement.
Community features include a pool, picnic areas, and landscaped grounds. The condo fee covers gas, water, sewer, trash service, and parking; residents receive two parking passes. Tyrol Hill Park is next door, and nearby recreation options include the W&OD and Four Mile Run trails, Long Branch Nature Center, and Glencarlyn Dog Park. A Metro and ART bus stop is at the property, with connections to Shirlington, Ballston Quarter, the Pentagon, Washington, D.C., and Amazon HQ2.
Community features include a pool, picnic areas, and landscaped grounds. The condo fee covers gas, water, sewer, trash service, and parking; residents receive two parking passes. Tyrol Hill Park is next door, and nearby recreation options include the W&OD and Four Mile Run trails, Long Branch Nature Center, and Glencarlyn Dog Park. A Metro and ART bus stop is at the property, with connections to Shirlington, Ballston Quarter, the Pentagon, Washington, D.C., and Amazon HQ2.
Key Highlights
- Top‑floor 1,063‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
- En‑suite primary bath and a second full bathroom off the hallway
- Open living and dining arrangement with crown molding and a kitchen island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,996
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,920
$319.9K
Cap Rate 7%
$228,514
$228.5K
Cap Rate 9%
$177,733
$177.7K
Market Conditions
NOI Build-Up for 1,063 SF
Gross rent
$30.6K $28.80/SF
− Vacancy
−$1.5K −$1.44/SF
EGI
$29.1K $27.36/SF
− OpEx
−$13.1K −$12.31/SF
NOI
$16.0K $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%
$319,920
Cap Rate 7%
$228,514
Cap Rate 9%
$177,733
Alternative Uses
Best Use
Apartment 5plus
$228.5K
$200.0K – $266.6K
NOI $15,996 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$590.4K
$516.6K – $688.8K
NOI $41,329 @ 7.0% cap · market cap 11.81%
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
1,049
Businesses Nearby
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Business Placement
Demographics for 22204, VA
52,761
Population
24,128
Households
2.2
Avg Household Size
35
Median Age
62%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
12,869
Density / Sq Mi
$109,277
Median Household Income
$73,091
Median Earnings
$1,871
Median Rent
$672,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor home with two full baths, an open living and dining area, and a private basement storage room.
Where is this residential income property located?
The property is located at 5009 7TH ROAD S Unit 301 Arlington, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Top‑floor 1,063‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; En‑suite primary bath and a second full bathroom off the hallway; Open living and dining arrangement with crown molding and a kitchen island
