Two-Bedroom Park-View
For Sale
$315,000
5051 7TH ROAD S Unit 102, Arlington, VA 22204
A private balcony faces parkland, and residents have access to a community pool and two parking passes.
Property Size1,063 SF
Price / SF$296.33
Days on Market77
Property Features for 5051 7TH ROAD S Unit 102
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/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,530
Amenities
balcony
pool
grill areas
on-site gazebo
Building Details
Building Size
1,063 SF
Year Built
1969
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 13
Changed: Oct 26
Last Checked: Oct 26 at 10:28AM
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 1,063-square-foot condo was built in 1969 and has two bedrooms, one full bathroom and one half-bathroom. The layout includes a kitchen with an island and pantry, connected living and dining areas, and a balcony facing the surrounding parkland. Storage includes three closets inside the unit and an assigned basement bin. Recent improvements include carpeting and an HVAC system installed in 2026 with a two-year warranty; a full-size washer and dryer are also included.
The Park Spring community has a pool, grill areas and a gazebo. The property is adjacent to Tyrol Hill Park and Four Mile Run Park, with basketball and soccer courts, a tot lot, wooded trails and a nature center nearby. Metro and ART bus service connects to Ballston, the Pentagon and Courthouse. Village at Shirlington and Arlington Mill Community Center are also nearby. The condo fee includes gas heat and cooking. Parking includes one primary and one secondary pass, with street parking also available.
The Park Spring community has a pool, grill areas and a gazebo. The property is adjacent to Tyrol Hill Park and Four Mile Run Park, with basketball and soccer courts, a tot lot, wooded trails and a nature center nearby. Metro and ART bus service connects to Ballston, the Pentagon and Courthouse. Village at Shirlington and Arlington Mill Community Center are also nearby. The condo fee includes gas heat and cooking. Parking includes one primary and one secondary pass, with street parking also available.
Key Highlights
- 1,063‑square‑foot condo with two bedrooms, one full bathroom and one half‑bathroom
- Balcony faces parkland; property is adjacent to Tyrol Hill Park and Four Mile Run Park
- Kitchen has an island and pantry; living and dining areas connect
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,996
Cap Rate
5.08%
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 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$590.4K
$516.6K – $688.8K
NOI $41,329 @ 7.0% cap · market cap 13.12%
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
874
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 - A private balcony faces parkland, and residents have access to a community pool and two parking passes.
Where is this residential income property located?
The property is located at 5051 7TH ROAD S Unit 102 Arlington, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,063‑square‑foot condo with two bedrooms, one full bathroom and one half‑bathroom; Balcony faces parkland; property is adjacent to Tyrol Hill Park and Four Mile Run Park; Kitchen has an island and pantry; living and dining areas connect
