Updated One-Bedroom Residential Income
For Sale
$350,000
1000 NEW JERSEY AVENUE SE Unit 815, Washington, DC 20003
Well-maintained co-op residence with refreshed interiors, in-unit laundry, and access to full-service building amenities.
Property Size696 SF
Days on Market27
Property Features for 1000 NEW JERSEY AVENUE SE Unit 815
General Information
Standard status
Active
Size
696 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,736
Amenities
24/7 concierge service
indoor pool
fitness center
community room
outdoor spaces
in-unit laundry
garage parking
Building Details
Building Size
696 SF
Year Built
2006
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Andrea S Paro · License #SP98369462
(240) 753-8197
Source:
Kwcapitalproperties
Added: Sep 10
Changed: Oct 3
Last Checked: Oct 6 at 12:11AM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
Unit 815 is a well-maintained one-bedroom, one-bath co-op residence in a 2006 building. The open interior receives natural light through large windows and features hardwood flooring, fresh paint, updated lighting and blinds, refreshed kitchen and bathroom fixtures, a new hot water heater, garbage disposal, and in-unit laundry. Rental garage parking is available as an option.
Building services include 24/7 concierge coverage, an indoor pool, fitness center, community room, and maintained outdoor areas. The monthly co-op fee covers property taxes, most utilities, and building amenities. The property is at 1000 New Jersey Avenue SE in Washington, DC, near the Navy Yard Metro, Whole Foods, Garfield Park, Nationals Park, and surrounding restaurants, shops, and entertainment.
Building services include 24/7 concierge coverage, an indoor pool, fitness center, community room, and maintained outdoor areas. The monthly co-op fee covers property taxes, most utilities, and building amenities. The property is at 1000 New Jersey Avenue SE in Washington, DC, near the Navy Yard Metro, Whole Foods, Garfield Park, Nationals Park, and surrounding restaurants, shops, and entertainment.
Key Highlights
- One‑bedroom, one‑bath residence in Unit 815
- 2006 building with 24/7 concierge service
- Hardwood floors, fresh paint, and updated lighting and blinds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,564
Cap Rate
3.30%
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 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.0K
$313.3K – $417.7K
NOI $25,060 @ 7.0% cap · market cap 7.16%
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 - Well-maintained co-op residence with refreshed interiors, in-unit laundry, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 1000 NEW JERSEY AVENUE SE Unit 815 Washington, DC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath residence in Unit 815; 2006 building with 24/7 concierge service; Hardwood floors, fresh paint, and updated lighting and blinds
