Corner Residential Income
For Sale
$469,000
1099 22ND STREET NW Unit 103, Washington, DC 20037
Main-level corner residence with private outdoor space and full-service condominium amenities.
Property Size839 SF
Days on Market56
Property Features for 1099 22ND STREET NW Unit 103
General Information
Standard status
Active
Size
839 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Foggy Bottom
Taxes and HOA fees
Annual Taxes
$4,469
Building Details
Building Size
839 SF
Year Built
1985
Listing Agency:
Winston Real Estate, Inc.
Listed By:
Gigi R. Winston · License #BR98367703
(703) 850-9642
Source:
Kwcapitalproperties
Added: Sep 6
Changed: Oct 26
Last Checked: Oct 30 at 9:46PM
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 Winston Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This residential income property is a corner residence within a full-service condominium completed in 1985. The home contains approximately 839 square feet with one bedroom, one full bath, and a powder room. Interior features include floor-to-ceiling windows, hardwood flooring, an open living and dining arrangement, extensive kitchen cabinetry, and an in-unit washer and dryer. A private balcony extends the living area outdoors, while the main-level position provides access without relying on an elevator.
Building amenities include 24-hour concierge service, a fitness center, community and party space, a lobby lounge, interior courtyard, bike storage, additional storage, and controlled building entry. The property is located at 1099 22nd Street NW in Washington, DC, with West End, Foggy Bottom, Dupont Circle, Georgetown, and downtown Washington identified as nearby areas. No parking space conveys with the unit; parking may be available for rent within the building.
Building amenities include 24-hour concierge service, a fitness center, community and party space, a lobby lounge, interior courtyard, bike storage, additional storage, and controlled building entry. The property is located at 1099 22nd Street NW in Washington, DC, with West End, Foggy Bottom, Dupont Circle, Georgetown, and downtown Washington identified as nearby areas. No parking space conveys with the unit; parking may be available for rent within the building.
Key Highlights
- Approximately 839 square feet with one bedroom, one full bath, and a powder room
- Corner residence with floor‑to‑ceiling windows and a private balcony
- Main‑level location provides access without an elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,940
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,800
$278.8K
Cap Rate 7%
$199,143
$199.1K
Cap Rate 9%
$154,889
$154.9K
Market Conditions
NOI Build-Up for 839 SF
Gross rent
$26.7K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$25.3K $30.21/SF
− OpEx
−$11.4K −$13.59/SF
NOI
$13.9K $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%
$278,800
Cap Rate 7%
$199,143
Cap Rate 9%
$154,889
Alternative Uses
Best Use
Apartment 5plus
$199.1K
$174.3K – $232.3K
NOI $13,940 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$431.6K
$377.6K – $503.5K
NOI $30,209 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
21,751
Businesses Nearby
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Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Main-level corner residence with private outdoor space and full-service condominium amenities.
Where is this residential income property located?
The property is located at 1099 22ND STREET NW Unit 103 Washington, DC.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Approximately 839 square feet with one bedroom, one full bath, and a powder room; Corner residence with floor‑to‑ceiling windows and a private balcony; Main‑level location provides access without an elevator
