Tenant-Occupied Residential Income
For Sale
$255,000
5049 7TH ROAD S Unit 302, Arlington, VA 22204
The one-bedroom condominium has an existing tenant lease, a private balcony, and a separate dining area.
Property Size835 SF
Price / SF$305.39
Days on Market35
Property Features for 5049 7TH ROAD S Unit 302
General Information
Standard status
Active
Size
835 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Mill
Taxes and HOA fees
Annual Taxes
$2,894
Building Details
Building Size
835 SF
Year Built
1969
Listing Agency:
Redfin Corporation
Listed By:
Kamran Saleem · License #0225062330
(703) 625-5571
Source:
Irvinrealtyllc
Added: Sep 24
Changed: Oct 27
Last Checked: Oct 26 at 7:59PM
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 Redfin Corporation
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Investment Insights
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This 835-square-foot, one-bedroom condominium was built in 1969 and is occupied under an existing lease. The living room opens to a private balcony, and a separate dining area complements a kitchen with room for casual meals, a dishwasher, and a disposal. Newer paint and carpet update the interior. A basement laundry room and separate storage space in a neighboring building are included.
The property is near parks, trails, Arlington Mill Community Center, and shopping and dining along Columbia Pike. Columbia Pike Plaza, the Village at Shirlington, and Ballston add further retail, restaurant, and entertainment options nearby. Metro and ART bus service connect the area, while Columbia Pike, Carlin Springs Road, Glebe Road, Route 50, I-395, and I-66 provide regional travel routes. Ballston-MU and Virginia Square-GMU Metro stations are within a convenient drive.
The condo fee covers common-area and exterior maintenance, gas, lawn care, sewer, snow removal, trash, and water.
The property is near parks, trails, Arlington Mill Community Center, and shopping and dining along Columbia Pike. Columbia Pike Plaza, the Village at Shirlington, and Ballston add further retail, restaurant, and entertainment options nearby. Metro and ART bus service connect the area, while Columbia Pike, Carlin Springs Road, Glebe Road, Route 50, I-395, and I-66 provide regional travel routes. Ballston-MU and Virginia Square-GMU Metro stations are within a convenient drive.
The condo fee covers common-area and exterior maintenance, gas, lawn care, sewer, snow removal, trash, and water.
Key Highlights
- 835‑square‑foot, one‑bedroom condominium with an existing tenant lease
- Private balcony and separate dining area
- Kitchen includes a dishwasher, disposal, and space for casual dining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,565
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,300
$251.3K
Cap Rate 7%
$179,500
$179.5K
Cap Rate 9%
$139,611
$139.6K
Market Conditions
NOI Build-Up for 835 SF
Gross rent
$24.0K $28.80/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$22.8K $27.36/SF
− OpEx
−$10.3K −$12.31/SF
NOI
$12.6K $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%
$251,300
Cap Rate 7%
$179,500
Cap Rate 9%
$139,611
Alternative Uses
Best Use
Apartment 5plus
$179.5K
$157.1K – $209.4K
NOI $12,565 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$463.8K
$405.8K – $541.1K
NOI $32,465 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
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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 - The one-bedroom condominium has an existing tenant lease, a private balcony, and a separate dining area.
Where is this residential income property located?
The property is located at 5049 7TH ROAD S Unit 302 Arlington, VA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 835‑square‑foot, one‑bedroom condominium with an existing tenant lease; Private balcony and separate dining area; Kitchen includes a dishwasher, disposal, and space for casual dining
