Renovated Residential
For Sale
$292,000
5083 7TH ROAD S Unit T2, Arlington, VA 22204
The one-bedroom condo includes a private patio, updated kitchen and bath, and access to community recreation amenities.
Property Size835 SF
Price / SF$349.70
Days on Market60
Property Features for 5083 7TH ROAD S Unit T2
General Information
Standard status
Active
Size
835 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Mill
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,894
Amenities
pool
picnic area
gazebo
BBQ grills
on-site laundry facilities
on-site management
Building Details
Building Size
835 SF
Year Built
1969
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 30
Changed: Oct 27
Last Checked: Oct 26 at 3:48PM
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
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This renovated condo unit offers one bedroom and one bathroom, with a separate dining area and a spacious living room that opens to a private patio. The kitchen has new cabinetry, quartz counters, stainless steel appliances, gas cooking, and an island with breakfast seating. Updates also include flooring, bathroom fixtures, lighting, a sliding glass door, and window treatments. The building dates to 1969.
Community features include an outdoor pool, picnic area, gazebo, barbecue grills, maintained grounds, on-site laundry, and two parking spaces. The building is pet-friendly, and on-site management is available. The condo fee covers gas heat and cooking, water, trash, pool access, and on-site management.
A Metro/ART bus stop outside the community provides a direct route to the Pentagon and Metro. The property is 3.5 miles from Amazon HQ2, the airport, and National Landing, and is near a bike trail connecting to the W&OD trail. Nearby destinations include Arlington Mill Community Center, Glen Carlyn Park, Shirlington Village, Ballston, and Bailey’s Crossroads shopping.
Community features include an outdoor pool, picnic area, gazebo, barbecue grills, maintained grounds, on-site laundry, and two parking spaces. The building is pet-friendly, and on-site management is available. The condo fee covers gas heat and cooking, water, trash, pool access, and on-site management.
A Metro/ART bus stop outside the community provides a direct route to the Pentagon and Metro. The property is 3.5 miles from Amazon HQ2, the airport, and National Landing, and is near a bike trail connecting to the W&OD trail. Nearby destinations include Arlington Mill Community Center, Glen Carlyn Park, Shirlington Village, Ballston, and Bailey’s Crossroads shopping.
Key Highlights
- One‑bedroom, one‑bathroom condo with a private patio
- Renovated kitchen with quartz counters, stainless appliances, gas cooking, and an island
- Community outdoor pool, picnic area, gazebo, and barbecue grills
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,565
Cap Rate
4.30%
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 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$463.8K
$405.8K – $541.1K
NOI $32,465 @ 7.0% cap · market cap 11.12%
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 - The one-bedroom condo includes a private patio, updated kitchen and bath, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 5083 7TH ROAD S Unit T2 Arlington, VA.
What is the asking price?
The asking price for this property is $292,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condo with a private patio; Renovated kitchen with quartz counters, stainless appliances, gas cooking, and an island; Community outdoor pool, picnic area, gazebo, and barbecue grills
