Residential Income Property with Exposed
For Sale
$374,900
115 NEW YORK AVENUE NW Unit 6, Washington, DC 20001
The two-bedroom, 2.5-bath residence combines hardwood flooring with convenient access to multiple Metro lines and Union Station.
Property Size1,002 SF
Days on Market15
Property Features for 115 NEW YORK AVENUE NW Unit 6
General Information
Standard status
Active
Size
1,002 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,090
Building Details
Building Size
1,002 SF
Year Built
1907
Listing Agency:
D.S.A. Properties & Investments LLC
Listed By:
Deyi S Awadallah · License #0225073879
(703) 501-5252
Source:
Kwcapitalproperties
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 16 at 5:12PM
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 D.S.A. Properties & Investments LLC
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Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, 2.5-bath condo in a 1907 building. Interior details include hardwood floors and exposed brick, balancing historic character with a private residential layout.
The home is in the Old City II neighborhood, near the Red Line at NoMa-Gallaudet and the Green and Yellow lines at Mt Vernon-Convention Center. Union Station, with Amtrak, MARC, and VRE service, is also nearby.
The home is in the Old City II neighborhood, near the Red Line at NoMa-Gallaudet and the Green and Yellow lines at Mt Vernon-Convention Center. Union Station, with Amtrak, MARC, and VRE service, is also nearby.
Key Highlights
- Two bedrooms and 2.5 bathrooms
- Exposed brick and hardwood floors
- Building constructed in 1907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,649
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,980
$333.0K
Cap Rate 7%
$237,843
$237.8K
Cap Rate 9%
$184,989
$185.0K
Market Conditions
NOI Build-Up for 1,002 SF
Gross rent
$31.9K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$30.3K $30.21/SF
− OpEx
−$13.6K −$13.59/SF
NOI
$16.6K $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%
$332,980
Cap Rate 7%
$237,843
Cap Rate 9%
$184,989
Alternative Uses
Best Use
Apartment 5plus
$237.8K
$208.1K – $277.5K
NOI $16,649 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.4K
$451.0K – $601.3K
NOI $36,078 @ 7.0% cap · market cap 9.62%
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
5,484
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
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 - The two-bedroom, 2.5-bath residence combines hardwood flooring with convenient access to multiple Metro lines and Union Station.
Where is this residential income property located?
The property is located at 115 NEW YORK AVENUE NW Unit 6 Washington, DC.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two bedrooms and 2.5 bathrooms; Exposed brick and hardwood floors; Building constructed in 1907
