Cape Cod Income
750 N GEORGE MASON Drive, Arlington, VA 22203
New
MULTI_FAMILY - Cape Cod - ARLINGTON, VA
Property size:
4,273 SFLot size:
0.15 AcresPrice / SF:
$296/SF- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 4:06 pm
Property Features for 750 N GEORGE MASON Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Family Room, Dining Room, Basement
- Parking
- 3
- Parking features
- Driveway
- Interior features
- 2nd Kitchen, Bathroom - Jetted Tub, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Wood Floors
- Fireplace
- 1
- Standard status
- Active
- Size
- 4,273 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11248
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1940
- Number of units
- 1
- Building materials
- Brick, Vinyl Siding
- Architectural style
- Cape Cod
Listing agent Herbert Riggs License #225187828 (703) 966-2647
Listing office Compass 1004 King Street, WASHINGTON, VA (703) 229-8935
Listing date Jul 7, 2026
MLS# VAAR2076266
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Historically used for long‑term room rentals with documented gross rental income of ~$32,000–$48,000 annually and ~ $5,500/month prior to sale
- Legally a single‑family residence with a flexible layout featuring multiple private bedroom suites and 5 full bathrooms
- Includes 2nd kitchen plus multiple private living areas, dining area, family room off kitchen, wood floors, and an on‑site fireplace
- Finished lower level with separate access, abundant storage, and off‑street driveway parking
- Central heating and central air, with both HVAC systems professionally serviced in June 2026
- Brick and vinyl siding Cape Cod‑style home with EV charging capability; near Ballston, Virginia Hospital Center, and Marymount University (buyer to verify uses/regs with Arlington County)
Overview
This Cape Cod style residence is legally a single-family home designed with a flexible floor plan that supports multiple private bedroom suites and five full bathrooms. The layout includes several gathering spaces, a kitchenette, and a finished lower level with separate access, along with abundant storage and off-street parking. The property has been used historically for long-term room rentals, giving it a practical framework for owner-occupants, shared housing, or investors, subject to all applicable regulations.
Located in Arlington, Virginia, the home is described as being near Ballston and several major demand drivers, including Virginia Hospital Center and Marymount University, as well as other employment centers. Buyers are advised to verify intended uses, zoning requirements, and occupancy regulations with Arlington County.
Documented gross rental income is referenced at approximately $32,000 to $48,000 annually over recent years, averaging approximately $5,500 per month immediately prior to being offered for sale, with historical rental information available for review. Recent improvements include extensive interior painting, drywall and plaster repairs, bathroom refinishing, basement enhancements, exterior maintenance, and professional servicing of both HVAC systems in June 2026. The home’s configuration and updates make it well-suited for buyers seeking either a spacious primary residence with rental flexibility or an income-oriented setup, with buyers encouraged to independently confirm square footage, rental regulations, occupancy requirements, and any intended use with Arlington County.
Located in Arlington, Virginia, the home is described as being near Ballston and several major demand drivers, including Virginia Hospital Center and Marymount University, as well as other employment centers. Buyers are advised to verify intended uses, zoning requirements, and occupancy regulations with Arlington County.
Documented gross rental income is referenced at approximately $32,000 to $48,000 annually over recent years, averaging approximately $5,500 per month immediately prior to being offered for sale, with historical rental information available for review. Recent improvements include extensive interior painting, drywall and plaster repairs, bathroom refinishing, basement enhancements, exterior maintenance, and professional servicing of both HVAC systems in June 2026. The home’s configuration and updates make it well-suited for buyers seeking either a spacious primary residence with rental flexibility or an income-oriented setup, with buyers encouraged to independently confirm square footage, rental regulations, occupancy requirements, and any intended use with Arlington County.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.1k | $28.80 |
| − Vacancy | −$6.2k | −$1.44 |
| EGI | $116.9k | $27.36 |
| − OpEx | −$52.6k | −$12.31 |
| NOI | $64.3k | $15.05 |
4,273 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$918.6K
$803.8K – $1.07M
NOI $64,300 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,134 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Arlington
- State
- Virginia
- Longitude
- -77.12084
- Latitude
- 38.87766
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Legally a single-family residence configured for flexible room rentals with multiple private suites, five full baths, and off-street parking.
Where is this single family property located?
The property is located at 750 N GEORGE MASON Drive Arlington, VA.
What is the asking price?
The asking price for this property is $1,267,000.
What are key features of this property?
This property features: Historically used for long‑term room rentals with documented gross rental income of ~$32,000–$48,000 annually and ~ $5,500/month prior to sale; Legally a single‑family residence with a flexible layout featuring multiple private bedroom suites and 5 full bathrooms; Includes 2nd kitchen plus multiple private living areas, dining area, family room off kitchen, wood floors, and an on‑site fireplace
