Residential Income
2101 M Street Northeast Washington, DC 20002
For Sale
$849,900
Pending
For sale residential income property within city limits, served by District of Columbia Public Schools.
Property Size2,574 SF
Days on Market136
Property Features for 2101 M Street Northeast
General Information
Standard status
Pending
Size
2,574 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1943
Listing Agency:
Advisory Real Estate Services, LLC
(202) 744-8840
Listed By:
Michael T Sims · License #BR98368598
(202) 744-8840
Source:
Compass
Added: Mar 17
Changed: Jul 23
Last Checked: Jul 29 at 1:11PM
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 Advisory Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This residential income property is offered for sale and is located at 2101 M Street Northeast, Washington, DC 20002. The listing notes that the property is in city limits and is served by the District of Columbia Public Schools.
County information provided indicates Washington County, with the school district name sourced from the listing agent. Please see the offering details for additional property-specific information beyond the summary provided.
County information provided indicates Washington County, with the school district name sourced from the listing agent. Please see the offering details for additional property-specific information beyond the summary provided.
Key Highlights
- Residential income property within city limits in Washington County
- Served by District of Columbia Public Schools (per listing agent)
- Year built: 1943
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 | $84.9k | $33.00 |
| − Vacancy | −$5.3k | −$2.05 |
| EGI | $79.7k | $30.95 |
| − OpEx | −$35.9k | −$13.93 |
| NOI | $43.8k | $17.02 |
2,574 SF · lease $33.00/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$626.0K
$547.8K – $730.4K
NOI $43,822 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,027 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - For sale residential income property within city limits, served by District of Columbia Public Schools.
Where is this multifamily property located?
The property is located at 2101 M Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Residential income property within city limits in Washington County; Served by District of Columbia Public Schools (per listing agent); Year built: 1943
