Residential Income Property with
For Sale
$599,500
1099 22ND STREET NW Unit 104, Washington, DC 20037
The condominium combines distinct living and dining areas with a den and garage parking.
Property Size1,180 SF
Price / SF$508.05
Days on Market77
Property Features for 1099 22ND STREET NW Unit 104
General Information
Standard status
Active
Size
1,180 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Foggy Bottom
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,636
Building Details
Building Size
1,180 SF
Year Built
1985
Listing Agency:
Century 21 Redwood Realty
Listed By:
James S Talbert
(703) 399-4132
Source:
Kartaproperties
Added: Aug 14
Changed: Oct 27
Last Checked: Oct 26 at 3:47PM
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.
This Washington, DC condominium contains 1,180 square feet, with one bedroom, a den, and one and a half bathrooms. Separate living and dining areas provide defined spaces within the residence, and garage parking is included. The building dates to 1985.
The property is in the West End, with Georgetown, Foggy Bottom, and Dupont Circle among the nearby destinations. GW Metro station is a couple of blocks away, and Trader Joe’s and Whole Foods are within a couple-block walk. Ris, Sixty Vines, Founding Farmers, and Chef Geoff’s are approximately a block away.
The property is in the West End, with Georgetown, Foggy Bottom, and Dupont Circle among the nearby destinations. GW Metro station is a couple of blocks away, and Trader Joe’s and Whole Foods are within a couple-block walk. Ris, Sixty Vines, Founding Farmers, and Chef Geoff’s are approximately a block away.
Key Highlights
- 1,180‑square‑foot condominium
- One bedroom, den, and one and a half bathrooms
- Garage parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,606
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,120
$392.1K
Cap Rate 7%
$280,086
$280.1K
Cap Rate 9%
$217,844
$217.8K
Market Conditions
NOI Build-Up for 1,180 SF
Gross rent
$37.5K $31.80/SF
− Vacancy
−$1.9K −$1.59/SF
EGI
$35.6K $30.21/SF
− OpEx
−$16.0K −$13.59/SF
NOI
$19.6K $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%
$392,120
Cap Rate 7%
$280,086
Cap Rate 9%
$217,844
Alternative Uses
Best Use
Apartment 5plus
$280.1K
$245.1K – $326.8K
NOI $19,606 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$607.0K
$531.1K – $708.1K
NOI $42,487 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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 - The condominium combines distinct living and dining areas with a den and garage parking.
Where is this residential income property located?
The property is located at 1099 22ND STREET NW Unit 104 Washington, DC.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: 1,180‑square‑foot condominium; One bedroom, den, and one and a half bathrooms; Garage parking included
