1138 N Stafford Street, Arlington, VA 22201

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Sold Price
$1,498,000
List Price
$1,498,000
Days on Market
147
Closing Date
Apr 09, 2026
MLS#
VAAR2064662
Status
CLOSED
Type
Multifamily
Style
Colonial
Year Built
1960
County
Arlington
Neighborhood
Ballston
Subdivision
Ballston

Property Description

Fantastic opportunity to own a well-maintained multifamily building with a Total Rental Income of $100,200 Per Year and an estimated CAP Rate at a strong 5.76%. These units are separately metered and the tenants pay the Electricity Directly. Situated about 3 BLOCKS FROM THE BALLSTON METRO, this property offers dependable rental income and strong tenant demand thanks to its close proximity to Ballston, with Ballston Quarter and its shopping and restaurants. Quincy Park is only a couple of blocks away. The two upper units each have 2 bedrooms, and have been thoughtfully updated with renovated bathrooms and kitchens (2024) with: new quartz countertops, new stainless steel GE appliances, and fresh paint throughout. The 2 bedrooms in the basement unit have also been renovated, painted, and have new LVP floor and updated bathrooms and kitchen areas, with quartz, etc. Outside, the common area features a large deck and 4 off-street parking spots.

Additional Information

Acres
0.11
Lot Size
4,791
Living Area
2,080
Elementary School
Ashlawn
Middle School
Swanson
High School
Washington-Liberty
Appliances
Built-In Range, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer
Cooling
Central A/C
Heating
Central
Basement
Yes
Taxes
$10,171

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Listing courtesy of Keller Williams Realty. Contact:

Selling Office: .