1138 N STAFFORD ST Arlington, VA 22201 Price Dropped by $50K

UPDATED: 01/14/2026 02:12 PM ON MARKET: 139 days on market

$1,498,000

6 Beds3 Baths2,964 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,964 sqft

Price per Sqft $505

Subdivision Ballston

MLS Listing ID VAAR2064788

Style Colonial

Bedrooms 6

Full Baths 3

HOA Y/N N

Abv Grd Liv Area 2,080

Year Built 1960

Annual Tax Amount $9,779

Tax Year 2024

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 The cap rate for this property is estimated 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.