Outstanding Investment Opportunity * Income producing property can be used as a rental or live in one unit and rent the other(s) * Spacious, 2 to 3 Unit apartment building in Sought after Arlington Village/Penrose neighborhood * WELL MAINTAINED and UPDATED UNITS * This property is split into 2 apartments and can easily be converted to 3 apartments * MAIN FLOOR UNIT: This is a 2-level unit that can be separated into a 3rd unit. This unit has 2BR’s + 2 Bath’s as well as a recreation room with luxury vinyl plank floors and good lighting. Also boasts a recent kitchen w/ Custom cabinets, stainless appliances, beautifully refinished hardwood floors, excellent lighting with an open feel. * TOP FLOOR UNIT: Features 2 BR’s + 1 bath, refinished hardwood floors, updated kitchen w/ eat in space, updated bath, and an abundance of natural light * BUILDING: Has off street driveway parking as well a street parking, shared laundry with rear access, rear yard for barbecues, gardening, or outdoor space for tenants to relax and enjoy. Each unit has separate entrances within a hallway building entrance. Each unit has individual central HVAC + water heater, separate meters for gas and electric with utilities are separated with exception to water/trash, but tenants pay pro-rata share. LOCATION: This property is just a few short blocks from the Penrose shopping center with Grocery, restaurants, shops, retail, Walgreens, CVS, Starbucks, the original Bob & Edith's diner, Farmer’s Market, parks and more * Commuters dream with a direct bus to Metro/DC & Easy Access to Rt 50, 395, 495, GW Parkway, Downtown DC, Crystal City, Amazon HQ2, Pentagon, Pentagon City and Reagan National Airport * Outstanding, long term tenants would love to stay so you have instant income * You will not want to miss out on this investment opportunity! Priced below appraisal.
Multi-familyProperty Type
1954Year Built
5,250 sq ftLot Size
$399Est. Price/Sq.Ft.
2 spacesParking
Listed by Nicholas Lagos• CENTURY 21 New Millennium
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
5,250 Sq. Ft.
Year renovated
1954
Sq. Ft.
2,048
Year built
1954
Style
Multi-Family (2-4 Unit)
County
Arlington County
APN
32012003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 24, 2026.
R-5
One-Family and Restricted Two-Family Dwelling District
The purpose of the R-5, One-family, Restricted Two-family District is to provide for one-family dwellings on relatively small lots and to provide, under certain circumstances, for two-family dwellings on lots of such size as follows the progression in residential density established in this zoning ordinance giving consideration to architectural compatibility with one-family detached dwellings in the existing neighborhood. An existing one-family dwelling shall not be converted into a two-family dwelling (duplexes and semidetached dwellings). Two-family dwelling (duplexes and semidetached dwellings) units should have as many of the one-family amenities as possible.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Housing-Single unit
Infrastructure
Medical office
Feb 1, 2026 • Final
Residential addition
Addition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.