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Ram Bala

realtor.ram.bala@gmail.com +1(703) 403-5338

Listed by Virginia S Smith • Arlington Realty, Inc.

$ 1,795,000

Est. payment -/mo

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Active

2301 6TH ST S Arlington, VA 22204

5,550 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,550 sqft

Price per Sqft $323

Subdivision Penrose

MLS Listing ID VAAR2062360

Year Built 1959

Annual Tax Amount $14,054

Tax Year 2025

Lot Size 8,408 Sqft

Acres 0.19

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State VA

County Arlington

Zoning RA8-18

Interior

Hot Water 60+ Gallon Tank, Natural Gas

Heating Wall Unit

Cooling Wall Unit

Heat Source Electric

Exterior

Garage Spaces 6.0

Water Access N

Accessibility None

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Alice West Fleet

Middle Schools Jefferson

High Schools Wakefield

School District Arlington County Public Schools

Others

Tax ID 24-029-029

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Ram Bala

Agent | License ID: VA:0226036501 MD:576134

+1(703) 403-5338

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Ram Bala

2301 6TH ST S Arlington, VA 22204

Key Details

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2301 6TH ST S