Residential Income Property with
For Sale
$355,000
1000 NEW JERSEY AVENUE SE Unit 515, Washington, DC 20003
Fifth-floor co-op residence with an open layout, abundant daylight, and access to extensive shared amenities.
Property Size696 SF
Days on Market24
Property Features for 1000 NEW JERSEY AVENUE SE Unit 515
General Information
Standard status
Active
Size
696 SF
Property subtype
Unit/Flat/Apartment
Financials
Asking Price
$355,000
HOA Fee
$415
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,424
Amenities
24-hour concierge
fitness center
indoor pool
spa
resident lounge
club room
landscaped courtyard
gas grills
dining areas
seating areas
Sweetgreen Outpost
Starbucks coffee bar
in-unit laundry
garage parking
Building Details
Building Size
696 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Christopher M Coppola · License #SP98369956
(781) 696-8130
Source:
Kwcapitalproperties
Added: Sep 14
Changed: Oct 3
Last Checked: Oct 5 at 9:34PM
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
Investment Insights
Based on property information with market context.
This fifth-floor co-op residence offers one bedroom, one bathroom, garage parking, and an open interior arrangement. Floor-to-ceiling windows bring in natural light, while maple flooring, granite kitchen counters, a gas range, dual-entry bathroom, walk-in closet, and in-unit laundry add functional detail. The building dates to 2006 and includes a 24-hour concierge, renovated fitness center, indoor pool and spa, resident lounge, club room, landscaped courtyard, gas grills, and multiple seating areas. A Sweetgreen Outpost and complimentary Starbucks coffee bar are also located on site.
The property is at 1000 New Jersey Avenue SE in Washington, DC 20003. Metro and Whole Foods are 1 block away, while Yards Park, Harris Teeter, Vida, and additional restaurants and bars are 2 blocks away. The co-op permits leases with a 6-month minimum and has no other rental restrictions.
The property is at 1000 New Jersey Avenue SE in Washington, DC 20003. Metro and Whole Foods are 1 block away, while Yards Park, Harris Teeter, Vida, and additional restaurants and bars are 2 blocks away. The co-op permits leases with a 6-month minimum and has no other rental restrictions.
Key Highlights
- One‑bedroom, one‑bathroom unit on the 5th floor
- Garage parking included
- Floor‑to‑ceiling windows, maple flooring, and open kitchen with granite counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,564
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,280
$231.3K
Cap Rate 7%
$165,200
$165.2K
Cap Rate 9%
$128,489
$128.5K
Market Conditions
NOI Build-Up for 696 SF
Gross rent
$22.1K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.0K $30.21/SF
− OpEx
−$9.5K −$13.59/SF
NOI
$11.6K $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%
$231,280
Cap Rate 7%
$165,200
Cap Rate 9%
$128,489
Alternative Uses
Best Use
Apartment 5plus
$165.2K
$144.6K – $192.7K
NOI $11,564 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.0K
$313.3K – $417.7K
NOI $25,060 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Fifth-floor co-op residence with an open layout, abundant daylight, and access to extensive shared amenities.
Where is this residential income property located?
The property is located at 1000 NEW JERSEY AVENUE SE Unit 515 Washington, DC.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom unit on the 5th floor; Garage parking included; Floor‑to‑ceiling windows, maple flooring, and open kitchen with granite counters
