$2,250,000
SOLD APR 11, 2025
-- Bed
-- Bath
3,771 Sq Ft
8,516 Sq Ft Lot

Recently Sold

$597 Per Sq Ft

14% Below List Price

18 Days on Market

Highlights

  • 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 2025

Rare 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.

Last Agent to Sell the Property

Aaron Probasco

Samson Properties

Samson Properties

Last Buyer's Agent

Lisa McCaskill

Weichert, REALTORS License #0225068870

Weichert, REALTORS

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,145

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Remarks Public: Rare 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.
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 3771
  • Living Area Sq Ft: 3771
  • Price Per Sq Ft: 1044.15
  • Above Grade Finished Sq Ft: 2514
  • Below Grade Finished Sq Ft: 1257
  • Total Below Grade Sq Ft: 1257
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2122

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: ARLINGTON COUNTY PUBLIC SCHOOLS
  • School District Key: 121141631475
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 015
  • Lot Size Acres: 0.20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8516.00
  • Property Condition: Very Good
  • Year Assessed: 2024
  • Zoning: RA8-18
  • In City Limits: No

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Water, Trash Collection
  • Rent Control: No
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 10145.00
  • Assessor Parcel Number: 08-010-024
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 04/11/2025

MLS Schools

  • School District Name: ARLINGTON COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

Source: Bright MLS

MLS Number: VAAR2053514

Bright MLS