1121 Arlington Boulevard # 1012
Arlington, VA, 22209 $ 305,000
Bedrooms2 Baths2.0 Sq 949 Monthly Estimate*
$ 1,878
for $305,000 with 2 bedrooms and 2 full baths. This 949 square foot condo was built in 1955.
THE RARE INVESTMENT THAT DOESN'T LOCK YOU IN. Most investment properties come with a tradeoff: predictable income today, but limited options tomorrow. Not this one. Currently leased through January 28, 2027, this beautifully updated penthouse residence offers immediate rental income while preserving something investors and future homeowners both value: flexibility. The current lease provides income from day one, and demand for homes like this extends well beyond the existing tenant. In fact, repeat renters who return to the DC area year after year have already expressed interest in leasing the property again after the current term ends. That gives the next owner a choice. Continue generating rental income in a community that consistently attracts tenants, or secure your future home now and make plans to move into a spacious two-bedroom, two-bath penthouse in one of the region's most connected locations. And unlike many units in the community, this isn't just another unit. This is a penthouse. Elevated above the community, it offers the privacy, natural light, and sense of space that buyers expect from a top-floor residence. Thoughtfully updated, the home features a modern kitchen with stainless steel appliances, a washer and dryer conveniently located inside the unit, generous living spaces, and a large private balcony that creates an outdoor retreat rarely found at this price point. Whether enjoying your morning coffee above the city or unwinding after a long day, the outdoor space alone sets this residence apart. The location is equally impressive. Just a five-minute walk from Rosslyn Metro, residents enjoy direct access to Downtown DC, the Pentagon, Reagan National Airport, Georgetown, Foggy Bottom, Tysons, and beyond. Shops, restaurants, grocery stores, and everyday conveniences are all within easy reach. And then there are the amenities. Residents enjoy an outdoor swimming pool, fitness center, sauna, steam room, locker rooms, billiards, ping pong, complimentary fitness classes, BBQ area, convenience store, hair salon, barber shop, and on-site dry-cleaning and alteration services. For investors, the appeal is obvious: immediate income, proven demand, and future flexibility. For future owner-occupants, it's an opportunity to secure a rare penthouse residence today and decide later exactly how you want to use it. Because the best real estate investments don't force you to choose between income and opportunity. They give you both.
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FeaturesGeneralLiving Area 949
Sewer Public Sewer
Heating Convector
Cooling Convector
Possession Subject to Existing Lease
Appliances Stove Refrigerator Built-In Microwave
Zoning RA4.8
Association Fee Includes Air Conditioning Electricity Gas Management Pest Control Pool(s) Recreation Facility Reserve Funds Sauna Security Gate Sewer Snow Removal Trash Water
Architectural Style Unit/Flat
Construction Materials Brick
School District ARLINGTON COUNTY PUBLIC SCHOOLS
Year Built 1955
Levels 1
Other Fees 102.25
Unit Number 1012
Tax Year 2025
Ownership Cooperative
Cool Fuel Electric
Section III
Accessibility Elevator
HOA Fee 2 1188.00
County ARLINGTON
New Construction N
Property Type Residential
Association Amenities Bank / Banking On-site Beauty Salon Billiard Room Common Grounds Concierge Convenience Store Dog Park Elevator Exercise Room Extra Storage Fencing Fitness Center Gated Community Hot tub Laundry Facil
HOA N
Subdivision Name RIVER PLACE NORTH
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 2
Status ACTIVE
Directions At the intersection of N Fairfax Dr and Lynn St.
City ARLINGTON
Disclosures Lead Based Paint - Federal
Other Fees Frequency One Time
Senior Community Y/N N
HOA Fee 2 Frequency Monthly
Tax Annual Amount 2590.0
Structure Type Unit/Flat/Apartment
Condo/Coop Association fee Y/N Y
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 321.39
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Legal Subdivision RIVER PLACE
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InteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 949
Central Air Y/N N
Total Bedrooms 2
Below Grade Finished Area 0
Entry Level 10
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
Laundry Type Common Shared
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
Number of Elevators 3
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ExteriorPool Yes - Community
Water Source Public
Type of Parking None
Water View Y/N N
Waterfront Y/N N
Land Assessed Value 82600.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList BySweet Homes America IncorporatedBroker
sweethomesamerica@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,878
- Monthly Property Taxes
- $216
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Arlington, VA
Average List Price $465,364
Percent of Sale Price 53%
About Arlington, VA 234,847 Population
24% Since 2002
$ 114,262 Median Income
37.62 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533181 Elementary School
3533454 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/14/2026 | $305,000 | | Listed Price |