Two-Level Residential Income
For Sale
$1,145,000
1099 22ND STREET NW Unit 601, Washington, DC 20037
Fresh 2026 carpet and paint complement a full-service building with concierge, fitness center, and resident lounge.
Property Size2,129 SF
Days on Market276
Property Features for 1099 22ND STREET NW Unit 601
General Information
Standard status
Active
Size
2,129 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,359
Amenities
24-hour concierge
fitness center
resident lounge
Building Details
Building Size
2,129 SF
Year Built
1985
Listing Agency:
Century 21 Redwood Realty
Listed By:
James S Talbert
(703) 399-4132
Source:
Barnesrealestatecompany
Added: Jan 16
Changed: Oct 16
Last Checked: Oct 16 at 5:09PM
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 Century 21 Redwood Realty
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Investment Insights
Based on property information with market context.
Residence 601 is a two-level residential income property with three bedrooms and two and a half bathrooms. The interior includes an open connection between the kitchen, living area, and dining space, along with large windows and bedrooms designed as private retreats. New carpet and fresh paint were completed in 2026.
The West End Place building provides a 24-hour concierge, fitness center, and resident lounge. The property is located at 1099 22nd Street NW in Washington, DC, near Georgetown, Foggy Bottom, and Dupont Circle. Dining, shopping, and green spaces are described as being within walking distance.
The West End Place building provides a 24-hour concierge, fitness center, and resident lounge. The property is located at 1099 22nd Street NW in Washington, DC, near Georgetown, Foggy Bottom, and Dupont Circle. Dining, shopping, and green spaces are described as being within walking distance.
Key Highlights
- Three‑bedroom, two‑and‑a‑half‑bath residence arranged across two levels
- New carpet and fresh paint completed in 2026
- Open kitchen, living, and dining arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,374
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,480
$707.5K
Cap Rate 7%
$505,343
$505.3K
Cap Rate 9%
$393,044
$393.0K
Market Conditions
NOI Build-Up for 2,129 SF
Gross rent
$67.7K $31.80/SF
− Vacancy
−$3.4K −$1.59/SF
EGI
$64.3K $30.21/SF
− OpEx
−$28.9K −$13.59/SF
NOI
$35.4K $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%
$707,480
Cap Rate 7%
$505,343
Cap Rate 9%
$393,044
Alternative Uses
Best Use
Apartment 5plus
$505.3K
$442.2K – $589.6K
NOI $35,374 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$958.2K – $1.28M
NOI $76,656 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
21,751
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Fresh 2026 carpet and paint complement a full-service building with concierge, fitness center, and resident lounge.
Where is this residential income property located?
The property is located at 1099 22ND STREET NW Unit 601 Washington, DC.
What is the asking price?
The asking price for this property is $1,145,000.
What are key features of this property?
This property features: Three‑bedroom, two‑and‑a‑half‑bath residence arranged across two levels; New carpet and fresh paint completed in 2026; Open kitchen, living, and dining arrangement
