2301 6 Th St S

$1,795,000

2301 6 Th St S, Arlington, VA 22204

For Sale

Multifamily

Active

Last Updated: 09/30/2025

Details:

Cap Rate: 5.3%

NOI: $95,346

Building Size: 5,550 sqft

Year Built: 1959

Price Per Sqft: $323.42

Zoning: RA8-18

Offered by Realtor

Virginia Smith

Arlington Realty, Inc.

Request Info to Unlock

Highlights:

Days on Market: 24
Heating: Wall Unit

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.