VA > Arlington > Penrose
Arlington, VA 22204,2301 6TH ST S
Arlington, VA 22204,2301 6TH ST S
Arlington, VA 22204,2301 6TH ST S
Arlington, VA 22204,2301 6TH ST S
Arlington, VA 22204,2301 6TH ST S
Arlington, VA 22204,2301 6TH ST S
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Sam Lepore

Sam Lepore

+1(856) 297-6827
Listed by Virginia S Smith • Arlington Realty, Inc.
$ 1,795,000
Est. payment | /mo

8,408 Sqft Lot

Save
$ 1,795,000
Est. payment | /mo
Save

8,408 Sqft Lot

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

Special Listing Condition Standard

Bright MLS (BMLS)
Sam Lepore

+1(856) 297-6827

snlepore@yahoo.com

513 S Lenola Road, Moorestown, NJ, 08057, United States

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2301 6TH ST S

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