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About the Listing ARL1 - 16879
Prime Multi-Family Investment Opportunity. Fully leased 5-unit garden-style building in sought after Penrose. Excellent upside - potential for added value in converting the garage into an efficiency apartment, and/or modernize the units, to bring the rent up to market rate. Currently leased below comps in the neighborhood. Current NOI of approx. $95,346/yr. (cap rate: 5.31%). Could be ideal for owner occupancy with additional rental apartments. Consisting of 5 apartments – 4 units with 2br./1ba. and 1 unit with 3br./1.5ba. Amenities include 6 off-street parking spaces, laundry room, storage room. Many recent updates (see agent for a full list). The property has been under the same family ownership for over 45 years. Just minutes to the Pentagon, Amazon HQ2, Washington DC, Reagan National Airport. Sold in As-Is condition.
Listing Highlights for 2301 6th St S
Status
Pending
Days on Site
28
Property Type
Commercial Sale
MLS ®
VAAR2062360
Year Built
1959
Total Square Footage
5,550
Lot/Acreage
0.19
County
Arlington
Neighborhood
Penrose
School District
Arlington County Public Schools
Elementary School
Alice West Fleet
Middle School
Jefferson
High School
Wakefield
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Wall Unit
- Heating: Wall Unit
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 6
- Zoning: RA8-18
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot,Private Garage,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $14,054
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
2301 6th St S Arlington, VA 22204
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