Residential Income Property with Terrace
For Sale
$380,000
989 S BUCHANAN STREET Unit 211, Arlington, VA 22204
The residence opens directly onto a landscaped courtyard and shared outdoor gathering areas.
Property Size727 SF
Price / SF$522.70
Days on Market75
Property Features for 989 S BUCHANAN STREET Unit 211
General Information
Standard status
Active
Size
727 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Barcroft
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,799
Amenities
24-hour fitness center
private club room
co-working/meeting lounge
landscaped outdoor plaza
fire pit
gas grills
reserved indoor bike storage
secure boutique building access
in-unit washer/dryer
Building Details
Building Size
727 SF
Year Built
2019
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Aug 15
Changed: Oct 26
Last Checked: Oct 26 at 2:16PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 727-square-foot, one-bedroom, one-bathroom residence is in a building completed in 2019. Its open-plan living area has sliding-door access to a landscaped terrace and courtyard, a feature shared by only four residences in the building. The unit also includes contemporary finishes, modern appliances, an in-unit washer and dryer, and underground garage parking space #19.
Building amenities include a 24-hour fitness center, club room, co-working and meeting lounge, outdoor plaza, fire pit, gas grills, secure entry, and indoor bike storage. Metrobus service is outside the building, and the W&OD Trail is nearby. Columbia Pike and Shirlington Village offer restaurants, coffee shops, and entertainment. The property is also described as minutes from the Pentagon, National Landing, Amazon HQ2, Washington, DC, Reagan National Airport, I-395, and the Beltway.
Building amenities include a 24-hour fitness center, club room, co-working and meeting lounge, outdoor plaza, fire pit, gas grills, secure entry, and indoor bike storage. Metrobus service is outside the building, and the W&OD Trail is nearby. Columbia Pike and Shirlington Village offer restaurants, coffee shops, and entertainment. The property is also described as minutes from the Pentagon, National Landing, Amazon HQ2, Washington, DC, Reagan National Airport, I-395, and the Beltway.
Key Highlights
- 727 SQFT one‑bedroom, one‑bath residence built in 2019
- Direct sliding‑door access to terrace and courtyard; one of four residences with this feature
- Underground garage parking space #19 included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,940
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,800
$218.8K
Cap Rate 7%
$156,286
$156.3K
Cap Rate 9%
$121,556
$121.6K
Market Conditions
NOI Build-Up for 727 SF
Gross rent
$20.9K $28.80/SF
− Vacancy
−$1.0K −$1.44/SF
EGI
$19.9K $27.36/SF
− OpEx
−$9.0K −$12.31/SF
NOI
$10.9K $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%
$218,800
Cap Rate 7%
$156,286
Cap Rate 9%
$121,556
Alternative Uses
Best Use
Apartment 5plus
$156.3K
$136.8K – $182.3K
NOI $10,940 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$403.8K
$353.3K – $471.1K
NOI $28,266 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
839
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 residence opens directly onto a landscaped courtyard and shared outdoor gathering areas.
Where is this residential income property located?
The property is located at 989 S BUCHANAN STREET Unit 211 Arlington, VA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 727 SQFT one‑bedroom, one‑bath residence built in 2019; Direct sliding‑door access to terrace and courtyard; one of four residences with this feature; Underground garage parking space #19 included
