Seller's Agent in 2025
Virginia Smith
Arlington Realty, Inc.
(703) 850-4000
2 in this area
59 Total Sales
2605 N Pershing Dr Arlington, VA 22201
Lyon Park Neighborhood
--
Bed
--
Bath
3,132
Sq Ft
4,611
Sq Ft Lot
Highlights
- Colonial Architecture
- Galley Kitchen
- Shed
- Long Branch Elementary School Rated A
- Double Pane Windows
- 5-minute walk to Lyon Park
About This Home
As of September 2025Prime Multi-Family Investment Opportunity. Fully leased 2-unit garden-style building in sought after Lyon Park. Excellent upside - ideal for owner occupancy with additional rental apartment. Potential for added value in upgrading and expanding the lower-level to create a large combined 2-floor unit, or modernize the existing units, for added value to bring the rent up to market rate. Currently leased below comps in the neighborhood. Consisting of two residential apartments – each with approx. 1,044 SF, 2 bedrooms, 1 bathroom, galley kitchen, carpet flooring, and central HVAC. Amenities include 2 off-street parking spaces, on-site laundry room, basement storage, walk-up attic storage and shared backyard. Recent updates - roof (2020), HVAC and hot water heaters (2015). 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 and 4 blocks to Clarendon Metro Station. Listed at Arlington County Tax Assessment value of $1,053,000. Sold in As-Is condition.
Last Agent to Sell the Property
(703) 850-4000 arvirginiasmith@aol.com Arlington Realty, Inc. License #BR101238 Listed on: 08/04/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,135
Year Built
- Built in 1957
Lot Details
- 4,611 Sq Ft Lot
- Property is in good condition
Home Design
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
Interior Spaces
- Ceiling Fan
- Double Pane Windows
- Combination Dining and Living Room
- Carpet
Kitchen
- Galley Kitchen
- Stove
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
- Off-Street Parking
Outdoor Features
- Shed
Schools
- Long Branch Elementary School
- Jefferson Middle School
- Washington-Liberty High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for real estate taxes, insurance, water, sewer, trash collection
- Tax Lot 43-A
- Assessor Parcel Number 18-040-002
Community Details
Overview
- 2 Units
- 4-Story Building
- Lyon Park Subdivision
Building Details
- Operating Expense $14,400
- Net Operating Income $36,774
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 7, 2020
Sold by
Mccoy Wimberly A
Bought by
2605 North Pershing Drive Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | Sold | $1,080,000 | +2.6% | $345 / Sq Ft |
| 08/18/2025 08/18/25 | Pending | -- | -- | -- |
| 08/04/2025 08/04/25 | For Sale | $1,053,000 | -- | $336 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,877 | $1,053,000 | $847,500 | $205,500 |
| 2024 | $10,498 | $1,016,300 | $814,200 | $202,100 |
| 2023 | $10,112 | $981,700 | $795,200 | $186,500 |
| 2022 | $9,794 | $950,900 | $757,200 | $193,700 |
| 2021 | $9,680 | $939,800 | $760,000 | $179,800 |
| 2020 | $8,974 | $874,700 | $698,300 | $176,400 |
| 2019 | $8,803 | $858,000 | $665,000 | $193,000 |
| 2018 | $8,578 | $852,700 | $641,300 | $211,400 |
| 2017 | $8,378 | $832,800 | $617,500 | $215,300 |
| 2016 | $7,483 | $755,100 | $551,000 | $204,100 |
| 2015 | $7,285 | $731,400 | $527,300 | $204,100 |
| 2014 | $7,585 | $761,500 | $494,000 | $267,500 |
Source: Public Records
Agents Affiliated with this Home
-
Virginia Smith
-
Viktar Kutsevich
Buyer's Agent in 2025
Viktar Kutsevich
Samson Properties
(202) 421-3439
2 in this area
199 Total Sales
Map
Source: Bright MLS
MLS Number: VAAR2061984
APN: 18-040-002
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