CBRE, Inc. announced the sale of Crestmont Apartments, a 63-unit multifamily community and one single-family home at 1817 N. Quinn Street in Arlington, Virginia.

A rare opportunity in the Rosslyn neighborhood, the property is minutes from Washington, D.C. With a recent influx of major corporations relocating to Northern Virginia, and multiple employment drivers including the Department of Defense and Homeland Security close by, the area attracts a high-income demographic.

Positioned in an exceptional setting, next to upscale retail stores, the anticipated Rosslyn City Center and a metro station that services the Blue, Silver and Orange lines, Crestmont Apartments is in a premier destination for renters.

Built in 1957, the building remains in excellent condition and has been well maintained through the years. With a diverse unit mix, heavily weighted towards one and two-bedroom layouts, the property caters to a wide array of young professionals. The vibrant neighborhood also provides access to multiple fitness studios, retail shops, grocery stores and restaurants.

“Crestmont Apartments represents a rare and impressive investment opportunity for new ownership, to realize significant rent premiums with its combination of affluent demographics and an unbeatable location,” said Bob Dean, Senior Vice President, CBRE.

The CBRE Washington, D.C. Multifamily Investment Properties team of Bill Roohan, Bob Dean, Jonathan Greenberg, Yalda Ghamarian and Tom Leachman represented the seller.