Investment Profile - The Courtlee

The Courtlee

The Courtlee is a 1950’s built garden-style apartment in Arlington County’s highly sought out Lyon Village neighborhood. The property features eight (8) market-rate 1-bedroom units at an average rent of $1,381 per month or $2.30 per square foot. The property sits on an 8,517 square-foot lot and is zoned RA8-18, allowing a prospective purchaser to explore a condo or townhouse redevelopment play in an area where the single family housing market has seen a recent boom in pricing. 

2400 Lee Highway Arlington, VA 22201

Asking: $2,500,000 

Highlights:

  • Price / Gross SF: $446.42 

  • Built: 1959

  • Total units: 8

  • Average unit size: 600 sqft

  • Average rent: $1,381

  • Zoning: RA8-18 

  • Lot Size: 8,517 SF 

  • 10 Off-Street Parking Spaces