Rental-Allowed Residential Income
For Sale
$360,000
1000 NEW JERSEY AVENUE SE Unit 608, Washington, DC 20003
This one-bedroom home offers in-unit laundry, garage parking and access to shared building amenities.
Property Size696 SF
Price / SF$517.24
Days on Market415
Property Features for 1000 NEW JERSEY AVENUE SE Unit 608
General Information
Standard status
Active
Size
696 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,308,990
Amenities
hardwood floors
in-unit laundry
garage parking
concierge
indoor pool
fitness center
community room
outdoor spaces
Building Details
Building Size
696 SF
Year Built
2006
Listing Agency:
Redfin Corp
Listed By:
Andre Margutti · License #SP98372765
(301) 440-8644
Source:
Canopy-re
Added: Sep 11, 2025
Changed: Oct 29
Last Checked: Oct 26 at 1:34PM
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 Redfin Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 696-square-foot co-op residence has one bedroom and one bathroom, with an open layout, large windows and hardwood floors. In-unit laundry and garage parking are also included. The building was constructed in 2006, and the residence allows rentals.
Building facilities include a 24-hour concierge, indoor pool, fitness center, community room and outdoor spaces. The monthly co-op fee covers property taxes, most utilities and building amenities.
Building facilities include a 24-hour concierge, indoor pool, fitness center, community room and outdoor spaces. The monthly co-op fee covers property taxes, most utilities and building amenities.
Key Highlights
- 696‑square‑foot co‑op residence with 1BR/1BA
- Rentals allowed
- In‑unit laundry and garage parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,564
Cap Rate
3.21%
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 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.0K
$313.3K – $417.7K
NOI $25,060 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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 - This one-bedroom home offers in-unit laundry, garage parking and access to shared building amenities.
Where is this residential income property located?
The property is located at 1000 NEW JERSEY AVENUE SE Unit 608 Washington, DC.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 696‑square‑foot co‑op residence with 1BR/1BA; Rentals allowed; In‑unit laundry and garage parking
