Residential Income Property with
For Sale
$399,000
801 S GREENBRIER STREET Unit 315, Arlington, VA 22204
The two-bedroom residence includes garage parking and storage that convey with the unit.
Property Size1,100 SF
Price / SF$362.73
Days on Market69
Property Features for 801 S GREENBRIER STREET Unit 315
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Bluemont
Taxes and HOA fees
Annual Taxes
$4,654
Building Details
Building Size
1,100 SF
Year Built
2005
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Sherri Green · License #0225241195
(202) 798-1288
Source:
Mxwrealestate
Added: Aug 28
Changed: Nov 1
Last Checked: Nov 3 at 8:29AM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
At The Sierra, this 1,100-square-foot residence has two bedrooms and two full bathrooms, with a private balcony opening from the living room. The kitchen features granite counters, a stool-height bar, ample cabinetry, a refrigerator, range, and dishwasher; laundry is also located in the kitchen. A separate dining area can serve for meals or office use. The primary suite includes a walk-in closet and tub-shower bathroom, while the second bedroom overlooks trees and has a separate bathroom with a stand-up shower. Garage parking and storage convey with the property.
The building was constructed in 2005. Flooring was replaced in 2021, followed by the water heater in 11/2021 and HVAC in 6/2021. Kitchen appliances were installed in July 2026. Reported drive times are 9 minutes to Fort Myer / Joint Base Myer-Henderson Hall, 10 minutes to Downtown Arlington (Courthouse/Clarendon), 12 minutes to Old Town, and 18 minutes to Downtown Washington, DC.
The building was constructed in 2005. Flooring was replaced in 2021, followed by the water heater in 11/2021 and HVAC in 6/2021. Kitchen appliances were installed in July 2026. Reported drive times are 9 minutes to Fort Myer / Joint Base Myer-Henderson Hall, 10 minutes to Downtown Arlington (Courthouse/Clarendon), 12 minutes to Old Town, and 18 minutes to Downtown Washington, DC.
Key Highlights
- Two bedrooms and two full bathrooms in 1,100 square feet
- Private balcony accessed from the living room
- Garage parking and storage convey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,553
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,060
$331.1K
Cap Rate 7%
$236,471
$236.5K
Cap Rate 9%
$183,922
$183.9K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$31.7K $28.80/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$30.1K $27.36/SF
− OpEx
−$13.5K −$12.31/SF
NOI
$16.6K $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%
$331,060
Cap Rate 7%
$236,471
Cap Rate 9%
$183,922
Alternative Uses
Best Use
Apartment 5plus
$236.5K
$206.9K – $275.9K
NOI $16,553 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,204
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 two-bedroom residence includes garage parking and storage that convey with the unit.
Where is this residential income property located?
The property is located at 801 S GREENBRIER STREET Unit 315 Arlington, VA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in 1,100 square feet; Private balcony accessed from the living room; Garage parking and storage convey
