Bought with Betty Westerlund • Town & Country Elite Realty, LLC.
$1,498,000
$1,498,000
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1138 N STAFFORD ST Arlington, VA 22201
2,964 SqFt
Key Details
Sold Price $1,498,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,964 sqft
Price per Sqft $505
Subdivision Ballston
MLS Listing ID VAAR2064662
Sold Date 04/10/26
Style Colonial
Abv Grd Liv Area 2,080
Year Built 1960
Annual Tax Amount $10,171
Tax Year 2025
Lot Size 5,000 Sqft
Acres 0.11
Property Sub-Type Detached
Source BRIGHT
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.
Location
State VA
County Arlington
Zoning R15-30T
Rooms
Basement Daylight, Full, Connecting Stairway, Fully Finished, Improved, Heated, Partially Finished, Outside Entrance, Rear Entrance, Side Entrance, Sump Pump, Windows, Other
Interior
Interior Features 2nd Kitchen, Bathroom - Tub Shower, Dining Area, Floor Plan - Open, Kitchen - Gourmet, Upgraded Countertops, Window Treatments, Wood Floors
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Hardwood, Luxury Vinyl Plank, Wood, Ceramic Tile
Equipment Built-In Range, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer
Fireplace N
Appliance Built-In Range, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer
Heat Source Natural Gas
Exterior
Exterior Feature Deck(s)
Garage Spaces 4.0
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Accessibility Other
Porch Deck(s)
Total Parking Spaces 4
Garage N
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 2080
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Ashlawn
Middle Schools Swanson
High Schools Washington-Liberty
School District Arlington County Public Schools
Others
Tax ID 14-023-013
Ownership Fee Simple
SqFt Source 2964
Special Listing Condition Standard
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