2122 N Cameron St Arlington, VA 22207
High View Park NeighborhoodHighlights
- 90% Forced Air Heating and Cooling System
- Property is in very good condition
- 2-minute walk to Langston Brown Community Center
- Glebe Elementary School Rated A
About This Home
As of April 2025Rare Multi-Unit Investment Opportunity in North Arlington!
This rarely available apartment building is located in the North Arlington neighborhood of Highview Park, offering an exceptional investment opportunity with a current rental income of $11,350 per month ($136,200 per year) at 100% occupancy. Recently fully renovated inside and out, this property features a mix of spacious two-level 2-bedroom/1-bath units and one-level 1-bedroom/1-bath units, providing desirable living options for tenants.
Property Features:
Rent Income: Currently generating $11,350/month, $136,200/year with 100% occupancy
Upcoming Rent Increase: Lease extensions on two units starting in July will add $3,000 annually, increasing the total rental income to $139,200/year
Renovations: All 5 units and the exterior were completely renovated within the last 5 years, ensuring a modern and inviting atmosphere throughout.
HVAC System: energy-efficient HVAC system, only a few years old.
Floor Plans: Spacious, open layouts with plenty of natural light.
Parking: Ample parking available on-site, as well as additional off-street spaces for tenants.
Lot Size: The property sits on a large lot, offering potential for future development or expansion.
Virtual Tours: Matterport 3D tours are available for each individual unit, allowing for a complete virtual viewing experience.
Current Rentals:
Three 2-bed/1-bath units
Two 1-bed/1-bath units
This property offers a prime location in North Arlington, with easy access to public transportation, shopping, dining, and recreational areas. Whether you're an investor looking for steady income or seeking a multi-family property with long-term potential, this is an ideal choice.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,145
Year Built
- Built in 1987
Lot Details
- 8,516 Sq Ft Lot
- Property is in very good condition
Parking
- Parking Lot
Home Design
- Quadruplex
Utilities
- 90% Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for water, trash collection
- Tax Lot 4
- Assessor Parcel Number 08-010-024
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/11/2025 04/11/25 | Sold | $2,250,000 | -14.3% | $597 / Sq Ft |
03/08/2025 03/08/25 | Pending | -- | -- | -- |
02/18/2025 02/18/25 | For Sale | $2,625,000 | +51.7% | $696 / Sq Ft |
03/31/2021 03/31/21 | Sold | $1,730,000 | -6.5% | $459 / Sq Ft |
03/10/2021 03/10/21 | Pending | -- | -- | -- |
03/02/2021 03/02/21 | For Sale | $1,850,000 | +42.3% | $491 / Sq Ft |
01/08/2018 01/08/18 | Sold | $1,300,000 | -6.8% | -- |
11/06/2017 11/06/17 | Pending | -- | -- | -- |
10/13/2017 10/13/17 | For Sale | $1,395,000 | -- | -- |
Source: Bright MLS
MLS Number: VAAR2053514

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