Property
Arlington, VA 22204 2301 6Th Street S
$1,795,000
OPEN HOUSE Fri, Aug 22 2025 4:30 PM - 5:30 PM
15 more
Presented By: Arlington Realty, Inc.
Disclaimer: The information contained in this listing has not been verified by Jhony Leyva | Your Local REALTOR® and should be verified by the buyer.
SQFT • 5,550
Home Details
OPEN HOUSE - Friday, 8/22, 4:30 - 5:30pm. 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.
Presented By: Arlington Realty, Inc.
Interior Features for 2301 6Th Street S
Other Interior Features
Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot Water60+ Gallon Tank, Natural Gas
General for 2301 6Th Street S
AccessibilityNone
Business TypeApartment Building
Cap Rate5.30
CityARLINGTON
Construction MaterialsBrick
Cool FuelElectric
CoolingWall Unit
CountyARLINGTON
DirectionsFrom DC: Route 50 west, exit right onto service road towards Washington Blvd., right on Washington Blvd., right on Walter Reed Dr., left onto Courthouse Rd., right onto 6th St. S., 2301 is on the left.
Gross Income117600.00
HeatingWall Unit
Location TypeCorner Lot/Unit
Lot Size Square Feet8408.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-08-20T11:49:47
Net Operating Income95346.00
New ConstructionNo
OwnerPaysGas, Water, Sewer, Trash Collection, Lawn/Shrub Care
OwnershipFee Simple
PossessionSubject to Existing Lease
Possible UseApartment Building, Apartments
Price Per Sq Ft Total AG323.42
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NamePENROSE
Tax Annual Amount14054.0
Tax Assessed Value1338000.0
Tax Lot24
Tax Year2025
Total Actual Rent117600.00
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station 1 to 3 miles
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1959
Year Built SourceAssessor
ZoningRA8-18
Exterior for 2301 6Th Street S
Building Area Total5550.00
Car Parking Spaces6
Land Assessed Value467900.00
Land Use Code015
Lot Size Acres0.19
Lot Size SourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces6
Type of ParkingParking Lot, Private Garage
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Jhony Leyva
Realtor
Similar Properties to 2301 6Th Street S
YOUR VISION. MY MISSION. A PERFECT HOME
homes@jhonyleyva.com
Phone
571.247.7543
Office
1440 Central Park Blvd Suite 210, Fredericksburg, VA 22401
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