$1,225,000
UNDER CONTRACT

Estimated payment $7,515/month

Total Views 18,919
-- Bed
-- Bath
3,072 Sq Ft
$399 Price per Sq Ft

Highlights

  • Second Kitchen
  • Open Floorplan
  • Solid Hardwood Flooring
  • Thomas Jefferson Middle School Rated A-
  • Colonial Architecture
  • 4-minute walk to Cleveland Park

About This Home

Outstanding Investment Opportunity *Income producing property can be used as a rental or live in one unit and rent the other(s) *Spacious, 2 to 3 Unit apartment building in Sought after Arlington Village/Penrose neighborhood *WELL MAINTAINED and UPDATED UNITS *This property is split into 2 apartments and can easily be converted to 3 apartments *MAIN FLOOR UNIT: This is a 2-level unit that can be separated into a 3rd unit. This unit has 2BR’s + 2 Bath’s as well as a recreation room with luxury vinyl plank floors and good lighting. Also boasts a recent kitchen w/Custom cabinets, stainless appliances, beautifully refinished hardwood floors, excellent lighting with an open feel. *TOP FLOOR UNIT: Features 2 BR’s + 1 bath, refinished hardwood floors, updated kitchen w/eat in space, updated bath, and an abundance of natural light *BUILDING: Has off street driveway parking as well a street parking, shared laundry with rear access, rear yard for barbecues, gardening, or outdoor space for tenants to relax and enjoy. Each unit has separate entrances within a hallway building entrance. Each unit has individual central HVAC + water heater, separate meters for gas and electric with utilities are separated with exception to water/trash, but tenants pay pro-rata share. LOCATION: This property is just a few short blocks from the Penrose shopping center with Grocery, restaurants, shops, retail, Walgreens, CVS, Starbucks, the original Bob & Edith's diner, Farmer’s Market, parks and more *Commuters dream with a direct bus to Metro/DC & Easy Access to Rt 50, 395, 495, GW Parkway, Downtown DC, Crystal City, Amazon HQ2, Pentagon, Pentagon City and Reagan National Airport *Outstanding, long term tenants would love to stay so you have instant income *You will not want to miss out on this investment opportunity! Priced below appraisal.

Listing Agent

Nicholas Lagos

CENTURY 21 New Millennium License #0225234942

CENTURY 21 New Millennium

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,131

Year Built

  • Built in 1954 | Remodeled in 2021

Lot Details

  • 5,250 Sq Ft Lot
  • Back Yard
  • Property is in very good condition

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Plaster Walls
  • Asphalt Roof

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Dining Area

Kitchen

  • Second Kitchen
  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Solid Hardwood
  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Up Access
  • Interior and Exterior Basement Entry
  • Space For Rooms
  • Basement Windows

Home Security

  • Storm Windows
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • Shared Driveway
  • Off-Street Parking
  • Surface Parking

Outdoor Features

  • Outdoor Storage

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 32-012-003

Community Details

Overview

  • 2 Units
  • 3-Story Building
  • Arlington Hills Subdivision

Building Details

  • Income includes apartment rentals
  • Maintenance Expense $356

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,131

Year Built

Built in 1954 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-12-11
  • Year Built: 1954
  • Year Renovated: 2021
  • Automatically Close On Close Date: No
  • Remarks Public: Outstanding Investment Opportunity *Income producing property can be used as a rental or live in one unit and rent the other(s) *Spacious, 2 to 3 Unit apartment building in Sought after Arlington Village/Penrose neighborhood *WELL MAINTAINED and UPDATED UNITS *This property is split into 2 apartments and can easily be converted to 3 apartments *MAIN FLOOR UNIT: This is a 2-level unit that can be separated into a 3rd unit. This unit has 2BR’s + 2 Bath’s as well as a recreation room with luxury vinyl plank floors and good lighting. Also boasts a recent kitchen w/Custom cabinets, stainless appliances, beautifully refinished hardwood floors, excellent lighting with an open feel. *TOP FLOOR UNIT: Features 2 BR’s + 1 bath, refinished hardwood floors, updated kitchen w/eat in space, updated bath, and an abundance of natural light *BUILDING: Has off street driveway parking as well a street parking, shared laundry with rear access, rear yard for barbecues, gardening, or outdoor space for tenants to relax and enjoy. Each unit has separate entrances within a hallway building entrance. Each unit has individual central HVAC + water heater, separate meters for gas and electric with utilities are separated with exception to water/trash, but tenants pay pro-rata share. LOCATION: This property is just a few short blocks from the Penrose shopping center with Grocery, restaurants, shops, retail, Walgreens, CVS, Starbucks, the original Bob & Edith's diner, Farmer’s Market, parks and more *Commuters dream with a direct bus to Metro/DC & Easy Access to Rt 50, 395, 495, GW Parkway, Downtown DC, Crystal City, Amazon HQ2, Pentagon, Pentagon City and Reagan National Airport *Outstanding, long term tenants would love to stay so you have instant income *You will not want to miss out on this investment opportunity! Priced below appraisal.
  • Special Features: UnderContract

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Washer, Microwave, Stainless Steel Appliances, Water Heater
  • Flooring Type: Carpet, Ceramic Tile, Luxury Vinyl Plank, Hardwood, Solid Hardwood
  • Interior Amenities: Dining Area, Kitchen - Table Space, Entry Level Bedroom, Wood Floors, Floor Plan - Open, 2nd Kitchen, Bathroom - Stall Shower, Bathroom - Tub Shower, Breakfast Area, Carpet, Ceiling Fan(s), Kitchen - Eat-In, Recessed Lighting, Upgraded Countertops
  • Window Features: Double Pane, Storm
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Slab, Block
  • Basement: Yes
  • Basement Type: Fully Finished, Improved, Interior Access, Outside Entrance, Rear Entrance, Space For Rooms, Walkout Stairs, Windows
  • Total Sq Ft: 3072
  • Living Area Sq Ft: 3072
  • Price Per Sq Ft: 598.14
  • Above Grade Finished Sq Ft: 2048
  • Below Grade Finished Sq Ft: 1024
  • Total Below Grade Sq Ft: 1024
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2615

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Secure Storage
  • Roof: Asphalt
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Shared Driveway, Surface
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: 048
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5250.00
  • Property Condition: Very Good
  • Year Assessed: 2024
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Heater Maintenance Contract, Management, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 42240.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8131.00
  • Assessor Parcel Number: 32-012-003
  • Tax Lot: 27
  • Tax Total Finished Sq Ft: 2048
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: ARLINGTON COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,131 $787,100 $597,300 $189,800
2023 $7,967 $773,500 $587,300 $186,200
2022 $7,664 $744,100 $552,300 $191,800
2021 $7,126 $691,800 $500,000 $191,800
2020 $6,739 $656,800 $465,000 $191,800
2019 $6,601 $643,400 $445,000 $198,400
2018 $6,516 $647,700 $425,000 $222,700
2017 $6,465 $642,600 $405,000 $237,600
2016 $6,196 $625,200 $395,000 $230,200
2015 $5,650 $567,300 $385,000 $182,300
2014 $5,676 $569,900 $365,000 $204,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 For Sale $1,225,000 -- $399 / Sq Ft
Source: Bright MLS

Deed History

Date Type Sale Price Title Company
Gift Deed -- None Available
Quit Claim Deed -- --
Source: Public Records

Source: Bright MLS

MLS Number: VAAR2051078

Bright MLS

APN: 32-012-003