Two-Bedroom Residential Income
For Sale
$699,900
1211 VAN STREET SE Unit 601, Washington, DC 20003
Modern residence with separated bedrooms, premium finishes, and access to extensive full-service building amenities.
Property Size1,200 SF
Days on Market22
Property Features for 1211 VAN STREET SE Unit 601
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,877
Building Details
Building Size
1,200 SF
Year Built
2020
Listing Agency:
Washington Fine Properties, LLC
Listed By:
Nathan J Guggenheim · License #SP98364671
(202) 333-5905
Source:
Kwcapitalproperties
Added: Sep 17
Changed: Oct 3
Last Checked: Oct 7 at 6:22PM
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 Washington Fine Properties, LLC
Investment Insights
Based on property information with market context.
Residence 601 is a two-bedroom, two-and-a-half-bath home in a full-service building completed in 2020. The interior features floor-to-ceiling windows, wide-plank flooring, and an open living and dining arrangement. Its kitchen includes premium cabinetry, stone countertops, and high-end appliances, while a separate powder room serves the main living areas. The bedrooms are positioned apart from one another; the primary suite offers ample closet space and a contemporary bath, and the second bedroom has its own en-suite bathroom.
Building amenities include a rooftop pool, outdoor lounges, grilling areas, a fitness center, concierge service, and resident gathering spaces. The property is near waterfront parks, dining, everyday conveniences, and Metro access in the Navy Yard area of Washington, DC.
Building amenities include a rooftop pool, outdoor lounges, grilling areas, a fitness center, concierge service, and resident gathering spaces. The property is near waterfront parks, dining, everyday conveniences, and Metro access in the Navy Yard area of Washington, DC.
Key Highlights
- Two‑bedroom, two‑and‑a‑half‑bath residence
- Residence #601 at 1211 VAN STREET SE
- Completed in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,939
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,780
$398.8K
Cap Rate 7%
$284,843
$284.8K
Cap Rate 9%
$221,544
$221.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$38.2K $31.80/SF
− Vacancy
−$1.9K −$1.59/SF
EGI
$36.3K $30.21/SF
− OpEx
−$16.3K −$13.59/SF
NOI
$19.9K $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%
$398,780
Cap Rate 7%
$284,843
Cap Rate 9%
$221,544
Alternative Uses
Best Use
Apartment 5plus
$284.8K
$249.2K – $332.3K
NOI $19,939 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.2K
$540.1K – $720.1K
NOI $43,207 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Modern residence with separated bedrooms, premium finishes, and access to extensive full-service building amenities.
Where is this residential income property located?
The property is located at 1211 VAN STREET SE Unit 601 Washington, DC.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑bedroom, two‑and‑a‑half‑bath residence; Residence #601 at 1211 VAN STREET SE; Completed in 2020
