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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by James P Andors • Keller Williams Realty

$1,890,000

Est. payment - /mo

3,178 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,178 sqft

Price per Sqft $594

Subdivision Ballston

MLS Listing ID VAAR2071500

Style Traditional

Abv Grd Liv Area 2,178

Year Built 1960

Available Date 2026-04-15

Annual Tax Amount $12,715

Tax Year 2025

Lot Size 5,007 Sqft

Acres 0.11

Property Sub-Type Detached

Source BRIGHT

Property Description

CASH COW! This FOUR UNIT property is located just two blocks from Ballston MU Metro Station! Gross rent is a whopping $138,840! Net Operating Income (NOI) is a stout $118,393! Two 3-bedroom units, One 1-bedroom unit and One efficiency unit. This property is being marketed for $1,890,000, providing an amazing 6.26% cap rate. Property underwent a substantial and extensive Capex in 2021, including kitchen renovations, bathroom renovations, flooring, systems, roof and other infrastructure. Totally turn key with long-term leases in place. Off-street parking for three cars, PLUS a detached two-car garage!
Unit 1 - 3-Bedroom middle-level unit rented for $3,800/mo through 08/31/2026. Includes renovated kitchen, renovated bathroom, in-unit laundry and is approximately 1,089sf.
Unit 2 - 3-Bedroom upper-level rented for $3,900/mo through 06/30/2026. Includes renovated kitchen, renovated bathroom, in-unit laundry and is approximately 1,089sf.
Unit 3 - Efficiency, lower level unit rented for $1,320/mo through 03/01/2027. Includes modest kitchen and is approximately 400sf.
Unit 4 -1-Bedroom lower-level unit currently marketed for $2,200/mo. Includes renovated kitchen with bar island and SS appliances, renovated bathroom and in-unit laundry and is approximately 600sf.
If you're looking for a stable investment with tremendous cash flow and easy rentability, this is it! Financials available for serious inquiries.

Location

State VA

County Arlington

Zoning R15-30T

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Luxury Vinyl Plank, Ceramic Tile

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Garage - Front Entry

Garage Spaces 5.0

Water Access N

Roof Type Architectural Shingle

Accessibility None

Total Parking Spaces 5

Garage Y

Building

Foundation Other

Above Ground Finished SqFt 2178

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Ashlawn

Middle Schools Swanson

High Schools Washington-Liberty

School District Arlington County Public Schools

Others

Tax ID 14-023-011

Ownership Fee Simple

SqFt Source 3178

Special Listing Condition Standard

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Nearby Locations

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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