Penrose Homes For Sale in Arlington VA

Penrose in one of a number of neighborhoods associated with Columbia Pike, in Arlington, Virginia. It is bordered by that corridor on the south, Walter Reed Drive to the west, Arlington Blvd to the north and Washington Blvd to the west. Arlington National Cemetery lies to its west, separated by Washington Blvd. Penrose is also quite close to the Pentagon. The neighborhood is .479 square miles in size and home to nearly 5,000 residents. To learn more about Penrose homes for sale in Arlington VA, take a look at the active home listings below:

Search Penrose Homes For Sale Below:

All Listings $500,000 - $600,000 $700,000 - $800,000
$800,000 - $900,000
Price, High to Low
3 Properties Found.

112 S Barton St

ARLINGTON, VA
$839,900

MLS#: VAAR155596
4 Bed, 3 Bath
2244 Sqft, 0.1 Acres
Residential

Photo of Listing #VAAR155436

2704 5th St S

ARLINGTON, VA
$725,000

MLS#: VAAR155436
4 Bed, 2½ Bath
1776 Sqft, 0.1 Acres
Residential

Photo of Listing #VAAR154292

943 S Scott St #1

ARLINGTON, VA
$510,000

MLS#: VAAR154292
2 Bed, 2½ Bath
1140 Sqft
Residential

 

More About Penrose Homes For Sale - Arlington Virginia

Penrose Homes For Sale in Arlington VALike many parts of Arlington, Penrose dates back to early English land grants. It was subdivided in 1882 and at the time, was home to a number of free African-Americans. Residential development began in earnest around the turn of the century and by 1926, there were 75 homes. Construction accelerated in the 1930's due to the growth of federal government and military infrastructure. By the dawning of of World War II, there were around 175 homes in the area, including Queen Anne Victorians, Italianate-style houses and a variety of catalog kit homes. The war years brought an increased need for housing, and Penrose and other communities along Columbia Pike became known for their brick garden-style apartment complexes. Many of those were eventually converted to condos.

Properties for sale in Penrose enjoy a range of prices, starting around $350,000 for brick townhouse and apartment conversions and climbing to the million-dollar mark for the neighborhood's priciest homes. Single-family homes make up 52% of the market, with condos accounting for 27% and the rest split between rentals and co-ops. The nature of housing may change to a certain degree in the future – Penrose is part of the fairly even ratio of single-family homes to condos, although that could change to some degree in the future. Penrose belongs to the Columbia Pike Revitalization Organization (CPRO), a public partnership aimed at promoting smart and sustainable commercial growth, including new models of mixed-use development. Neighboring communities include Ashton Heights, Alcova Heights and Westmont.

Penrose's location is a major factor in its popularity as well as prospects for future growth and value. The neighborhood is quite close to the Potomac River and the I-395 with direct access to the nation's capital. Downtown DC is only three miles away. The neighborhood is also close to many of the urban villages along the water that have seen an acceleration of commercial growth in recent years. And of course, it borders Columbia Pike itself, once known as Arlington's 'Main Street'. There's much to like here and the neighborhood should be on the list for those looking for both convenience and charm. For more information about Penrose homes for sale in Arlington VA, give us a call today at (202) 798-3600.

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on October 19th, 2019 at 11:16pm EDT.