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Arlington,VA 22201
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,132 sqft
Price per Sqft $336
Subdivision Lyon Park
MLS Listing ID VAAR2061984
Style Colonial
Year Built 1957
Annual Tax Amount $11,135
Tax Year 2025
Lot Size 4,611 Sqft
Property Sub-Type Detached
Property Description
Prime Multi-Family Investment Opportunity. Fully leased 2-unit garden-style building in sought after Lyon Park. Excellent upside - ideal for owner occupancy with additional rental apartment. Potential for added value in upgrading and expanding the lower-level to create a large combined 2-floor unit, or modernize the existing units, for added value to bring the rent up to market rate. Currently leased below comps in the neighborhood. Consisting of two residential apartments – each with approx. 1,044 SF, 2 bedrooms, 1 bathroom, galley kitchen, carpet flooring, and central HVAC. Amenities include 2 off-street parking spaces, on-site laundry room, basement storage, walk-up attic storage and shared backyard. Recent updates - roof (2020), HVAC and hot water heaters (2015). 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 and 4 blocks to Clarendon Metro Station. Listed at Arlington County Tax Assessment value of $1,053,000. Sold in As-Is condition.
Location
State VA
County Arlington
Zoning R-5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Carpet
Equipment Stove,Refrigerator
Exterior
Garage Spaces 2.0
Utilities Available Electric Available,Natural Gas Available,Sewer Available,Water Available
Water Access N
Roof Type Asphalt
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Long Branch
Middle Schools Jefferson
High Schools Washington-Liberty
School District Arlington County Public Schools
Others
Special Listing Condition Standard