2301 6TH ST S Pending Save Request In-Person Tour Request Virtual Tour
Arlington,VA 22204
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
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