Two-Bedroom Cooperative
For Sale
$474,900
1000 NEW JERSEY AVENUE SE Unit 1224, Washington, DC 20003
Cooperative residence with balcony, garage parking, and flexible six-month minimum lease terms.
Property Size823 SF
Days on Market32
Property Features for 1000 NEW JERSEY AVENUE SE Unit 1224
General Information
Standard status
Active
Size
823 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Financials
Asking Price
$474,900
HOA Fee
$632
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
private balcony
in-unit washer/dryer
24-hour concierge
fitness center
indoor pool and spa
resident lounge
club room
landscaped courtyard
gas grills
on-site Sweetgreen
complimentary Starbucks coffee bar
Building Details
Building Size
823 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Andrew A Peers · License #SP98360568
(301) 370-4499
Source:
Kwcapitalproperties
Added: Sep 18
Changed: Oct 17
Last Checked: Oct 16 at 5:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This two-bedroom cooperative residence at Capitol Hill Tower features 10-foot ceilings, floor-to-ceiling windows, hardwood flooring, and an open living and dining arrangement. The kitchen includes stainless steel appliances, gas cooking, extensive cabinetry, and generous preparation space. Both bedrooms offer walk-in closets, while the dual-entry bath provides access from the primary bedroom and hallway. An in-unit washer and dryer and a private west-facing balcony overlooking the landscaped courtyard complete the home.
A garage parking license conveys with the residence. Building amenities include 24-hour concierge service, a renovated fitness center, indoor pool and spa, resident lounge, club room, and landscaped courtyard with water features, gas grills, and gathering areas. On-site conveniences include Sweetgreen and a complimentary Starbucks coffee bar. Metro and Whole Foods are one block away, with Yards Park, Harris Teeter, VIDA Fitness, restaurants, cafes, shopping, and nightlife within a few blocks.
The cooperative permits rentals with a six-month minimum lease term. The building was constructed in 2006.
A garage parking license conveys with the residence. Building amenities include 24-hour concierge service, a renovated fitness center, indoor pool and spa, resident lounge, club room, and landscaped courtyard with water features, gas grills, and gathering areas. On-site conveniences include Sweetgreen and a complimentary Starbucks coffee bar. Metro and Whole Foods are one block away, with Yards Park, Harris Teeter, VIDA Fitness, restaurants, cafes, shopping, and nightlife within a few blocks.
The cooperative permits rentals with a six-month minimum lease term. The building was constructed in 2006.
Key Highlights
- Two‑bedroom cooperative residence with 10‑foot ceilings and floor‑to‑ceiling windows
- Private west‑facing balcony overlooking the landscaped interior courtyard
- Garage parking license conveys with the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,675
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,500
$273.5K
Cap Rate 7%
$195,357
$195.4K
Cap Rate 9%
$151,944
$151.9K
Market Conditions
NOI Build-Up for 823 SF
Gross rent
$26.2K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$24.9K $30.21/SF
− OpEx
−$11.2K −$13.59/SF
NOI
$13.7K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,500
Cap Rate 7%
$195,357
Cap Rate 9%
$151,944
Alternative Uses
Best Use
Apartment 5plus
$195.4K
$170.9K – $227.9K
NOI $13,675 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.3K
$370.4K – $493.9K
NOI $29,633 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Cooperative residence with balcony, garage parking, and flexible six-month minimum lease terms.
Where is this residential income property located?
The property is located at 1000 NEW JERSEY AVENUE SE Unit 1224 Washington, DC.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Two‑bedroom cooperative residence with 10‑foot ceilings and floor‑to‑ceiling windows; Private west‑facing balcony overlooking the landscaped interior courtyard; Garage parking license conveys with the residence
