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    Potomac Plaza High-Floor Apartment Title is generated by Realmo AI

    2475 VIRGINIA NW AVENUE 814, Washington, DC 20037

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    For Sale
    $220,000

    High-floor 1-bedroom apartment with southern exposure and city views.

    Property size:
    825 SF
    Price / SF:
    $266/SF
    Added:
    Feb 3, 2025
    Days on Market:
    493
    Last Refresh:
    May 20 at 12:56 am

    Property Features for 2475 VIRGINIA NW AVENUE 814

    General Information

    Standard status
    Active
    Size
    825 SF
    Property subtype
    other

    Building Details

    Year Built
    1956

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    Listing Contact
    Christopher M Johnson

    Listing agent Christopher M Johnson License #SP101457

    Listing office Compass

    Listing date Feb 3, 2025

    Source Exitrealty

    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 Compass

    HighLights

    • All utilities and property taxes included in monthly fee.
    • Prime location near Metro, Kennedy Center, Georgetown Waterfront, shops, and restaurants.
    • Full‑service building.
    • High‑floor unit with southern exposure.
    • Stunning views.
    • Abundant natural light.

    Overview

    Located in Potomac Plaza Apartments, this high-floor 1-bedroom apartment offers city living with a southern exposure that provides natural light and views. The full-service building is situated minutes from the Metro, Kennedy Center, Georgetown Waterfront, shops, and restaurants. The neighborhood is pedestrian-friendly. The monthly fee includes all utilities and property taxes. The property size is 825 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $26.2k $31.80
    − Vacancy −$1.3k −$1.59
    EGI $24.9k $30.21
    − OpEx −$11.2k −$13.59
    NOI $13.7k $16.62
    825 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $195.8K
    $171.4K – $228.5K (±1% cap)
    NOI $13,708 @ 7.0% cap · market cap 6.23%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $424.4K
    $371.3K – $495.1K (±1% cap)
    NOI $29,705 @ 7.0% cap · market cap 13.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0524974
    Latitude
    38.8990837

    FAQs

    What type of property is this?
    Residential income property - High-floor 1-bedroom apartment with southern exposure and city views.
    Where is this residential income property located?
    The property is located at 2475 VIRGINIA NW AVENUE 814 Washington, DC.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: All utilities and property taxes included in monthly fee.; Prime location near Metro, Kennedy Center, Georgetown Waterfront, shops, and restaurants.; Full‑service building.
    More about this property
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