Bought with Viktar Kutsevich • Samson Properties
$1,080,000
$1,053,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
4,611 SqFt
SOLD DATE : 09/05/2025
Key Details
Sold Price $1,080,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,611 sqft
Price per Sqft $234
Subdivision Lyon Park
MLS Listing ID VAAR2061984
Sold Date 09/05/25
Style Colonial
Abv Grd Liv Area 2,088
Year Built 1957
Annual Tax Amount $11,135
Tax Year 2025
Lot Size 4,611 Sqft
Acres 0.11
Property Sub-Type Detached
Source BRIGHT
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
Interior Features Ceiling Fan(s), Carpet, Kitchen - Galley, Combination Dining/Living
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Carpet
Equipment Stove, Refrigerator
Fireplace N
Window Features Double Pane
Appliance Stove, Refrigerator
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Roof Type Asphalt
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Long Branch
Middle Schools Jefferson
High Schools Washington-Liberty
School District Arlington County Public Schools
Others
Tax ID 18-040-002
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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