Condominium Unit with Garage
For Sale
$377,775
989 S BUCHANAN STREET Unit 315, Arlington, VA 22204
Residents have access to a fitness center, clubroom, outdoor plaza, bike storage, and a gated dog area.
Property Size712 SF
Price / SF$530.58
Days on Market20
Property Features for 989 S BUCHANAN STREET Unit 315
General Information
Standard status
Active
Size
712 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Barcroft
Taxes and HOA fees
Annual Taxes
$3,836
Building Details
Building Size
712 SF
Year Built
2019
Listing Agency:
SC Fremont Realty INC
Listed By:
Timothy Joseph Brown · License #0225225180
(703) 901-1591
Source:
Jackrealtygroup
Added: Oct 9
Changed: Oct 26
Last Checked: Oct 26 at 10:29AM
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 SC Fremont Realty INC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bath condominium offers 712 square feet of living space and one assigned garage parking space. The unit has a modern kitchen with stainless steel appliances and quartz countertops, LVP flooring, and an in-unit washer and dryer. A pocket door connects the bedroom and bath. The building includes secure entry and a package delivery room, with elevator access from the underground garage.
Shared amenities include a 24/7 fitness center, clubroom, outdoor plaza with a fire pit, terrace, bike storage, lobby, and gated dog area. The W&OD Trail is across the street, Arlington Mill Community Center is a short walk away, and a bus route stops at the property. Built in 2019.
Shared amenities include a 24/7 fitness center, clubroom, outdoor plaza with a fire pit, terrace, bike storage, lobby, and gated dog area. The W&OD Trail is across the street, Arlington Mill Community Center is a short walk away, and a bus route stops at the property. Built in 2019.
Key Highlights
- 712 sqft with 1 bedroom and 1 full bath
- 1 assigned space in the underground garage, with elevator access
- Kitchen with stainless steel appliances and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,714
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,280
$214.3K
Cap Rate 7%
$153,057
$153.1K
Cap Rate 9%
$119,044
$119.0K
Market Conditions
NOI Build-Up for 712 SF
Gross rent
$20.5K $28.80/SF
− Vacancy
−$1.0K −$1.44/SF
EGI
$19.5K $27.36/SF
− OpEx
−$8.8K −$12.31/SF
NOI
$10.7K $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%
$214,280
Cap Rate 7%
$153,057
Cap Rate 9%
$119,044
Alternative Uses
Best Use
Apartment 5plus
$153.1K
$133.9K – $178.6K
NOI $10,714 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$395.5K
$346.0K – $461.4K
NOI $27,683 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a fitness center, clubroom, outdoor plaza, bike storage, and a gated dog area.
Where is this residential income property located?
The property is located at 989 S BUCHANAN STREET Unit 315 Arlington, VA.
What is the asking price?
The asking price for this property is $377,775.
What are key features of this property?
This property features: 712 sqft with 1 bedroom and 1 full bath; 1 assigned space in the underground garage, with elevator access; Kitchen with stainless steel appliances and quartz countertops
