Updated Two-Bedroom Residential Income
For Sale
$529,900
1200 23RD ST NW Unit 810, Washington, DC 20037
Open-plan residence with a renovated kitchen, private balcony, and two ensuite bedrooms in Washington’s West End.
Property Size1,420 SF
Price / SF$373.17
Days on Market136
Property Features for 1200 23RD ST NW Unit 810
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
West End
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,044
Amenities
balcony
in-unit washer/dryer
pet-friendly
Building Details
Building Size
1,420 SF
Year Built
1980
Listing Agency:
Real Broker, LLC - Gaithersburg
Listed By:
Colin R McKevitt · License #SP200200531
(240) 593-7644
Source:
Kerishull
Added: Jun 16
Changed: Oct 25
Last Checked: Oct 28 at 4:42PM
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 Real Broker, LLC - Gaithersburg
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Investment Insights
Based on property information with market context.
Built in 1980, this two-bedroom residence offers an open living and dining arrangement with hardwood flooring and access to a private balcony with southern exposure. The kitchen has been renovated with granite counters and contemporary finishes. Both bedrooms feature two closets and private ensuite bathrooms, while a separate powder room and in-unit washer and dryer add practical convenience.
The home is located in Washington, DC’s West End, near George Washington University, Whole Foods, Trader Joe’s, Equinox Sports Club, the Ritz-Carlton, and a range of dining and shopping options. Georgetown, the World Bank, Dupont Circle, and the Foggy Bottom-GWU Metro station are also nearby.
The pet-friendly community offers access to on-site garage rental parking. The monthly co-op fee includes real estate taxes, utilities, and additional building services.
The home is located in Washington, DC’s West End, near George Washington University, Whole Foods, Trader Joe’s, Equinox Sports Club, the Ritz-Carlton, and a range of dining and shopping options. Georgetown, the World Bank, Dupont Circle, and the Foggy Bottom-GWU Metro station are also nearby.
The pet-friendly community offers access to on-site garage rental parking. The monthly co-op fee includes real estate taxes, utilities, and additional building services.
Key Highlights
- Two‑bedroom residence with two closets and an ensuite bathroom in each bedroom
- Private double‑exposure balcony with southern exposure and city views
- Renovated kitchen with granite countertops and modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,594
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,880
$471.9K
Cap Rate 7%
$337,057
$337.1K
Cap Rate 9%
$262,156
$262.2K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$45.2K $31.80/SF
− Vacancy
−$2.3K −$1.59/SF
EGI
$42.9K $30.21/SF
− OpEx
−$19.3K −$13.59/SF
NOI
$23.6K $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%
$471,880
Cap Rate 7%
$337,057
Cap Rate 9%
$262,156
Alternative Uses
Best Use
Apartment 5plus
$337.1K
$294.9K – $393.2K
NOI $23,594 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$730.4K
$639.1K – $852.1K
NOI $51,128 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
18,412
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
Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan residence with a renovated kitchen, private balcony, and two ensuite bedrooms in Washington’s West End.
Where is this residential income property located?
The property is located at 1200 23RD ST NW Unit 810 Washington, DC.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Two‑bedroom residence with two closets and an ensuite bathroom in each bedroom; Private double‑exposure balcony with southern exposure and city views; Renovated kitchen with granite countertops and modern finishes
