High-Rise Residential Income
For Sale
$585,000
900 N STAFFORD STREET Unit 2326, Arlington, VA 22203
Two-bedroom condominium with metro access, garage parking, storage, and extensive building amenities.
Property Size1,195 SF
Price / SF$489.54
Days on Market59
Property Features for 900 N STAFFORD STREET Unit 2326
General Information
Standard status
Active
Size
1,195 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,944
Amenities
24-hour front desk staff
on-site manager
fitness center
party room
community laundry room
oversized storage unit
private walkway bridge
Building Details
Building Size
1,195 SF
Year Built
1989
Listing Agency:
Redfin Corporation
Listed By:
Roy Kohn · License #0225081999
(703) 410-7429
Source:
Kerishull
Added: Jul 14
Changed: Sep 9
Last Checked: Sep 9 at 7:37AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This residential income property is a 1,195-square-foot condominium on the 23rd floor, configured with two bedrooms and two bathrooms. Expansive windows provide city views, while in-unit thermostat controls support individual climate management. The building includes 24-hour front desk service, an on-site manager, fitness center, party room, community laundry on the 8th floor, secure garage parking, and an oversized storage unit. The assigned parking space is located directly beneath the building.
The property is next to Ballston Metro station and near Ballston Mall and Ballston Quarter, with a pedestrian bridge connecting directly to Ballston Quarter’s restaurants, shops, cafes, and entertainment. A Hilton hotel is adjacent, and both local airports are described as only minutes away. The building was constructed in 1989.
The property is next to Ballston Metro station and near Ballston Mall and Ballston Quarter, with a pedestrian bridge connecting directly to Ballston Quarter’s restaurants, shops, cafes, and entertainment. A Hilton hotel is adjacent, and both local airports are described as only minutes away. The building was constructed in 1989.
Key Highlights
- 1,195‑square‑foot, 23rd‑floor condominium
- Two bedrooms and two bathrooms
- Next to Ballston Metro station and near Ballston Mall
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,982
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,640
$359.6K
Cap Rate 7%
$256,886
$256.9K
Cap Rate 9%
$199,800
$199.8K
Market Conditions
NOI Build-Up for 1,195 SF
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.
Gross rent
$34.4K $28.80/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$32.7K $27.36/SF
− OpEx
−$14.7K −$12.31/SF
NOI
$18.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,640
Cap Rate 7%
$256,886
Cap Rate 9%
$199,800
Alternative Uses
Best Use
Apartment 5plus
$256.9K
$224.8K – $299.7K
NOI $17,982 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$663.7K
$580.8K – $774.4K
NOI $46,462 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,861
Businesses Nearby
Explore this area
Business Placement
Demographics for 22203, VA
25,437
Population
14,528
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
15,898
Density / Sq Mi
$132,402
Median Household Income
$90,699
Median Earnings
$2,318
Median Rent
$809,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with metro access, garage parking, storage, and extensive building amenities.
Where is this residential income property located?
The property is located at 900 N STAFFORD STREET Unit 2326 Arlington, VA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,195‑square‑foot, 23rd‑floor condominium; Two bedrooms and two bathrooms; Next to Ballston Metro station and near Ballston Mall
