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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. $92,609/yr. (cap rate: 5.16%). 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.
| DAYS ON MARKET | 1 | LAST UPDATED | 8/13/2025 |
|---|---|---|---|
| TRACT | PENROSE | YEAR BUILT | 1959 |
| COUNTY | ARLINGTON | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | ARLINGTON COUNTY PUBLIC SCHOOLS |
|---|---|
| Elementary School | ALICE WEST FLEET |
| Jr. High School | JEFFERSON |
| High School | WAKEFIELD |
| ADDITIONAL DETAILS | |
| AIR | Electric, Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | Electric |
| LOT | 8276 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | Garage, Parking Lot |
| SEWER | Public Sewer |
| SUBDIVISION | PENROSE |
| TAXES | 14054 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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