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Lilly Parks
REALTOR®

1121 Arlington Boulevard, Unit 620, Arlington, VA 22209

$134,995
  • 1121 Arlington Boulevard, Unit 620, Arlington, VA 22209 Main Photo

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New to the Market ACTIVE
BEDS1 BATHS1 full SQUARE FEET559 MLS#VAAR2081334
STATUSACTIVE PROPERTY TYPEResidential - Condominium SUBDIVISIONRIVER PLACE NORTH SCHOOLARLINGTON COUNTY PUBLIC SCHOOLS

Property Description

**TENANT-OCCUPIED ONE-BEDROOM CO-OP WITH GARAGE PARKING SPACE — RIVER PLACE, ROSSLYN** This 559-square-foot, one-bedroom, one-bathroom co-op at River Place includes a separately leased garage parking space. Both the apartment and parking space are tenant-occupied, providing immediate rental income. **APARTMENT — N620** The apartment features two large picture windows providing abundant natural light, a remodeled kitchen, and generous closet space. New kitchen cabinets and countertops were installed in 2025, and the apartment received new flooring and fresh paint in June 2026. The apartment is leased through June 24, 2027, at $1,900 per month. Monthly financials: - Rental income: $1,900 - Co-op fee: $518 (includes electricity, gas, and water) - Property taxes: $137.75 - Estimated insurance: $20 - Total anticipated expenses: $675.75 - **Anticipated net monthly income: $1,224.25** **GARAGE PARKING — MP-316** Included in the offering is MP-316, a garage parking space in the North-East Garage, with an estimated value of $8,000. The parking space is separately leased through December 31, 2026, at $145 per month. Monthly financials: - Rental income: $145 - Parking fee: $82.93 - **Net monthly income: $62.07** **COMBINED INVESTMENT SUMMARY** - Asking price: $134,995 - Total monthly rental income: $2,045 - Total anticipated monthly expenses: $758.68 - **Total anticipated net monthly income: $1,286.32** - **Total anticipated annual net income: $15,435.84** - **Anticipated annual cash return: 11.43%** The anticipated annual cash return assumes an all-cash purchase at the asking price, with both properties rented at their current rates for 12 months. Calculations exclude closing costs, vacancies, repairs, maintenance, and other unanticipated expenses. **RIVER PLACE COMMUNITY** River Place is a gated cooperative community in Rosslyn, Arlington, offering a variety of amenities, including an outdoor swimming pool, jacuzzi, fitness center, sauna, steam room, outdoor grilling area, community party room, bicycle storage, large laundry room, concierge services, secure package handling, and 24-hour gated security. The community is approximately a five-minute walk from the Rosslyn Metro station, served by the Orange, Silver, and Blue Lines, providing convenient access to Washington, DC, the Pentagon, Reagan National Airport, Tysons, and surrounding areas. Nearby shopping, dining, and services include Safeway, Target, CVS, Chipotle, District Taco, and numerous other establishments. Both the apartment and parking space are currently leased, with rental payments consistently received on time or early. **IMPORTANT INFORMATION FOR PROSPECTIVE PURCHASERS** All information, including rental income, operating expenses, property details, and financial projections, is provided for informational purposes only and is believed to be accurate but is not guaranteed. Expenses, fees, taxes, rental income, and other circumstances may change. The anticipated annual cash return is an estimate based on the stated assumptions and is not a guarantee of future performance or profitability. Prospective purchasers are encouraged to independently verify all information, review the applicable leases and cooperative documents, conduct their own due diligence, and perform their own financial calculations to determine whether this investment meets their individual objectives. No representation or warranty is made regarding future rental income, occupancy, expenses, investment returns, or appreciation.

1121 Arlington Boulevard, Unit 620 | MLS# VAAR2081334

This condo located at 1121 Arlington Boulevard, Unit 620, Arlington, VA 22209 is currently listed for sale with an asking price of $134,995. This property was built in 1955 and has 1 bedrooms and 1 full baths with 559 sq. ft. Arlington Boulevard, Unit 620 is located in the RIVER PLACE NORTH subdivision within the ARLINGTON COUNTY PUBLIC SCHOOLS school district. Search RIVER PLACE NORTH real estate on lparks.montaguemiller.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Convector
Fuel Type: Natural Gas
Heating: Convector
Stories: 1.0
Taxes: $1,605
Year Built: 1955

Feature Descriptions

Accessibility: Elevator
Additional Structures: Above Grade, Below Grade
Community Amenities: Beauty Salon, Common Grounds, Convenience Store, Elevator, Fitness Center, Gated Community, Laundry Facilities, Party Room, Picnic Area, Pool - Outdoor, Security
Condo/Coop Fee: $518.00/Monthly
Days on Site: 2
Exterior: Brick
Interior: Kitchen - Galley, Floor Plan - Traditional
Sewer: Public Sewer
SQFT Above Finished: 559
SQFT Total Finished: 559
Structure Type: Unit/Flat/Apartment
Water: Public

Local Schools

School District: ARLINGTON COUNTY PUBLIC SCHOOLS

Listed By / Shown By

Listed By

Agency Name: Sweet Homes America Incorporated
Agency Phone: 7039443884

Shown By

Agent Name: Lilly Parks
Agent Phone: (800) 793-5393
Agency Title: Montague Miller & Co. Realtors

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Estimate Your Payment

Estimated Payment

$ 473.56 per month $300.44 Principal & Interest $133.75 Property Tax $39.37 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/25/2026. The listing information on this page last changed on 10/25/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 10/25/2026 12:03:18 AM EST) or CAAR MLS (last updated Sat 10/24/2026 11:11:26 PM EST) or Staunton MLS (last updated Sat 10/24/2026 11:40:19 PM EST) or HRAR MLS (last updated Sat 10/24/2026 11:30:01 PM EST) or Lynchburg MLS (last updated Sat 10/24/2026 9:32:50 PM EST) or Bright MLS (last updated Sat 10/24/2026 11:52:04 PM EST). Real estate listings held by brokerage firms other than Montague Miller & Co. Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agency License Information: Montague, Miller & Co. is licensed in the state of Virginia.


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