Two-Bedroom Condo with Private
For Sale
$395,000
1140 23RD STREET NW Unit 306, Washington, DC 20037
Updated 2-bedroom, 1.5-bath condo with private balcony, in-unit washer/dryer, and a rare in-unit fireplace.
Property Size667 SF
Days on Market94
Property Features for 1140 23RD STREET NW Unit 306
General Information
Standard status
Active
Size
667 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
West End
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,217
Amenities
concierge services
rooftop terrace
landscaped courtyard
club room
private balcony
in-unit fireplace
in-unit washer/dryer
Building Details
Building Size
667 SF
Year Built
1981
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
George W Eckerle · License #SP101691
(202) 365-2445
Source:
Kwcapitalproperties
Added: Jul 30
Changed: Oct 29
Last Checked: Oct 30 at 11:59PM
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 Coldwell Banker Realty - Washington
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Investment Insights
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Move into this refreshed 2-bedroom, 1.5-bath condo with freshly painted interiors, replaced appliances, and updated light fixtures. The open living space flows to a private balcony, and the unit features a rare in-unit fireplace. The spacious primary suite includes a full bath and ample closet space, while a half bath serves guests. Convenience continues with an in-unit washer/dryer.
Residents enjoy concierge services 7 days a week, plus a rooftop terrace with panoramic city views. There is also a landscaped courtyard and a club room. The building was built in 1981.
Set in the West End area near Georgetown, the condo is about 2 blocks from Foggy Bottom Metro. It’s within steps of local dining and lifestyle options, including Squash on Fire Equinox and Tatte, and is roughly a 3 minute walk to Trader Joe’s and a 7 minute walk to Whole Foods. Monthly parking options are available less than a block away.
Residents enjoy concierge services 7 days a week, plus a rooftop terrace with panoramic city views. There is also a landscaped courtyard and a club room. The building was built in 1981.
Set in the West End area near Georgetown, the condo is about 2 blocks from Foggy Bottom Metro. It’s within steps of local dining and lifestyle options, including Squash on Fire Equinox and Tatte, and is roughly a 3 minute walk to Trader Joe’s and a 7 minute walk to Whole Foods. Monthly parking options are available less than a block away.
Key Highlights
- 2‑bedroom, 1.5‑bath refreshed condo with a private balcony and a rare in‑unit fireplace
- Open living area flows to a private balcony
- In‑unit washer/dryer plus a half bath for guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,083
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,660
$221.7K
Cap Rate 7%
$158,329
$158.3K
Cap Rate 9%
$123,144
$123.1K
Market Conditions
NOI Build-Up for 667 SF
Gross rent
$21.2K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.2K $30.21/SF
− OpEx
−$9.1K −$13.59/SF
NOI
$11.1K $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%
$221,660
Cap Rate 7%
$158,329
Cap Rate 9%
$123,144
Alternative Uses
Best Use
Apartment 5plus
$158.3K
$138.5K – $184.7K
NOI $11,083 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.1K
$300.2K – $400.3K
NOI $24,016 @ 7.0% cap · market cap 6.08%
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
18,412
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 - Updated 2-bedroom, 1.5-bath condo with private balcony, in-unit washer/dryer, and a rare in-unit fireplace.
Where is this residential income property located?
The property is located at 1140 23RD STREET NW Unit 306 Washington, DC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2‑bedroom, 1.5‑bath refreshed condo with a private balcony and a rare in‑unit fireplace; Open living area flows to a private balcony; In‑unit washer/dryer plus a half bath for guests
