One-Bedroom Apartment with
For Sale
$238,000
822 S ARLINGTON MILL DRIVE S Unit 2-302, Arlington, VA 22204
The unit includes in-apartment laundry, a galley kitchen, and access to a community pool and walking paths.
Property Size623 SF
Price / SF$402.03
Days on Market9
Property Features for 822 S ARLINGTON MILL DRIVE S Unit 2-302
General Information
Standard status
Active
Size
623 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Arlington Mill
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,721
Amenities
pool
bike trails
jog/walk paths
in-unit laundry
common laundry
storage
balcony
Building Details
Building Size
623 SF
Year Built
1947
Construction
colonial
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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 592-square-foot apartment at 822 S Arlington Mill Drive in Arlington has one bedroom, one bathroom, and a private balcony. Built in 1947, the unit features a galley kitchen with a dishwasher, electric oven/range, and refrigerator. Laundry is available in the apartment, with additional shared facilities in the basement, and extra storage is available.
Community amenities include an outdoor pool, bike trails, and walking and jogging paths. Public transportation is nearby, and the property is less than 10 miles from the airport.
Community amenities include an outdoor pool, bike trails, and walking and jogging paths. Public transportation is nearby, and the property is less than 10 miles from the airport.
Key Highlights
- 592‑square‑foot apartment with one bedroom and one bathroom
- Private balcony
- Galley kitchen with dishwasher, electric oven/range, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,908
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,160
$178.2K
Cap Rate 7%
$127,257
$127.3K
Cap Rate 9%
$98,978
$99.0K
Market Conditions
NOI Build-Up for 592 SF
Gross rent
$17.0K $28.80/SF
− Vacancy
−$852 −$1.44/SF
EGI
$16.2K $27.36/SF
− OpEx
−$7.3K −$12.31/SF
NOI
$8.9K $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%
$178,160
Cap Rate 7%
$127,257
Cap Rate 9%
$98,978
Alternative Uses
Best Use
Apartment 5plus
$127.3K
$111.4K – $148.5K
NOI $8,908 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$328.8K
$287.7K – $383.6K
NOI $23,017 @ 7.0% cap · market cap 9.67%
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
Explore this area
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 unit includes in-apartment laundry, a galley kitchen, and access to a community pool and walking paths.
Where is this residential income property located?
The property is located at 822 S ARLINGTON MILL DRIVE S Unit 2-302 Arlington, VA.
What is the asking price?
The asking price for this property is $238,000.
What are key features of this property?
This property features: 592‑square‑foot apartment with one bedroom and one bathroom; Private balcony; Galley kitchen with dishwasher, electric oven/range, and refrigerator
