Two-Bedroom Residential Income
For Sale
$280,000
808 S ARLINGTON MILL DRIVE S Unit 9-204, Arlington, VA 22204
Updated interior includes refreshed kitchen and living room finishes, new flooring, and granite countertops.
Property Size715 SF
Price / SF$391.61
Days on Market20
Property Features for 808 S ARLINGTON MILL DRIVE S Unit 9-204
General Information
Standard status
Active
Size
715 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Mill
Public Transit
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,060
Amenities
secure building access
dedicated parking
additional storage
communal bike room
community pool
Building Details
Building Size
715 SF
Year Built
1947
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 26 at 2:49PM
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 715-square-foot, two-bedroom residence was built in 1947 and has a recently updated kitchen and living room, fresh paint, and new vinyl flooring. Granite countertops and a bay window add to the interior, while dedicated parking, additional storage, and a communal bike room provide practical building amenities. Entry to the building is secured, and the community also has a pool.
Bus stops are nearby, with Four Mile Run Trail, Glen Carlyn Park, and a dog park in the surrounding area. Shopping and dining destinations are also noted nearby.
Bus stops are nearby, with Four Mile Run Trail, Glen Carlyn Park, and a dog park in the surrounding area. Shopping and dining destinations are also noted nearby.
Key Highlights
- Two‑bedroom residence with 715 square feet
- Kitchen and living room updates, fresh paint, and new vinyl flooring
- Granite countertops and a bay window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,759
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,180
$215.2K
Cap Rate 7%
$153,700
$153.7K
Cap Rate 9%
$119,544
$119.5K
Market Conditions
NOI Build-Up for 715 SF
Gross rent
$20.6K $28.80/SF
− Vacancy
−$1.0K −$1.44/SF
EGI
$19.6K $27.36/SF
− OpEx
−$8.8K −$12.31/SF
NOI
$10.8K $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%
$215,180
Cap Rate 7%
$153,700
Cap Rate 9%
$119,544
Alternative Uses
Best Use
Apartment 5plus
$153.7K
$134.5K – $179.3K
NOI $10,759 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$397.1K
$347.5K – $463.3K
NOI $27,799 @ 7.0% cap · market cap 9.93%
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
829
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 - Updated interior includes refreshed kitchen and living room finishes, new flooring, and granite countertops.
Where is this residential income property located?
The property is located at 808 S ARLINGTON MILL DRIVE S Unit 9-204 Arlington, VA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑bedroom residence with 715 square feet; Kitchen and living room updates, fresh paint, and new vinyl flooring; Granite countertops and a bay window
