Two-Bedroom Residential Income
For Sale
$525,000
1000 NEW JERSEY AVENUE SE Unit 514, Washington, DC 20003
A two-bedroom, two-bath co-op residence features in-unit laundry and recently updated mechanical systems.
Property Size1,020 SF
Price / SF$514.71
Days on Market43
Property Features for 1000 NEW JERSEY AVENUE SE Unit 514
General Information
Standard status
Active
Size
1,020 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Taxes and HOA fees
Annual Taxes
$3,624
Building Details
Building Size
1,020 SF
Year Built
2006
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Oyingtare A Youdeowei · License #SP98359059
(301) 404-7678
Source:
Districtpropertygroup
Added: Sep 17
Changed: Oct 27
Last Checked: Oct 27 at 4:10AM
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 Long & Foster Real Estate, Inc.
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 1,020-square-foot co-op residence in Capitol Hill Tower has two bedrooms and two bathrooms, wood flooring, and a walk-in closet. The living and dining area connects to a kitchen with granite countertops, gas cooking, a dishwasher, and a breakfast bar. An in-unit washer and dryer were installed in 2024; the HVAC system and water heater were replaced in 2025.
The building is at 1000 New Jersey Avenue SE in Washington, DC. The property includes a parking license. Rentals are permitted with a six-month minimum lease term. An underlying mortgage at 2.89% is part of the financing structure.
The building is at 1000 New Jersey Avenue SE in Washington, DC. The property includes a parking license. Rentals are permitted with a six-month minimum lease term. An underlying mortgage at 2.89% is part of the financing structure.
Key Highlights
- 1,020‑square‑foot co‑op residence with two bedrooms and two bathrooms
- Underlying mortgage carries a 2.89% interest rate
- HVAC system and water heater replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,948
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,960
$339.0K
Cap Rate 7%
$242,114
$242.1K
Cap Rate 9%
$188,311
$188.3K
Market Conditions
NOI Build-Up for 1,020 SF
Gross rent
$32.4K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$30.8K $30.21/SF
− OpEx
−$13.9K −$13.59/SF
NOI
$16.9K $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%
$338,960
Cap Rate 7%
$242,114
Cap Rate 9%
$188,311
Alternative Uses
Best Use
Apartment 5plus
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.7K
$459.1K – $612.1K
NOI $36,726 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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 - A two-bedroom, two-bath co-op residence features in-unit laundry and recently updated mechanical systems.
Where is this residential income property located?
The property is located at 1000 NEW JERSEY AVENUE SE Unit 514 Washington, DC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,020‑square‑foot co‑op residence with two bedrooms and two bathrooms; Underlying mortgage carries a 2.89% interest rate; HVAC system and water heater replaced in 2025
