Two-Bedroom Residential Income
For Sale
$550,000
1312 MASSACHUSETTS AVE NW #309, Washington, DC 20005
WASHINGTON, DC
Property Size1,096 SF
Price / SF$501.82
Days on Market202
Property Features for 1312 MASSACHUSETTS AVE NW #309
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1
Subdivision
CENTRAL
Elementary school
THOMSON
High school
CARDOZO EDUCATION CAMPUS
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Amenities
concierge service
landscaped courtyard
bicycle storage
private storage
pet-friendly building
in-unit laundry
Building Details
Year built
1949
Listing Agency:
One Bethesda
(240) 497-1700
Listed By:
Hamid Adib-Samiy
Added: Apr 1
Changed: Oct 16
Last Checked: Oct 19 at 2:06AM
MLS# DCDC2240282
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Residence 309 is a corner condominium in a building constructed in 1949 and converted to condominiums in 1995. The approximately 1,096-square-foot home has two bedrooms, two baths, dual exposures, and large windows. Its interior includes an open living and dining arrangement, hardwood floors, a gas fireplace, marble foyer, pantry, and kitchen with an island and stainless steel KitchenAid appliances. Laundry is located within the unit.
Building amenities include concierge service, a landscaped courtyard, bicycle storage, private storage, and a pet-friendly policy. The condominium fee covers gas for the fireplace, water, hot water, and additional storage. The property is located at 1312 Massachusetts Ave NW #309 in Washington, DC, near Logan Circle, Franklin Park, CityCenterDC, the Convention Center, restaurants, shops, and multiple Metro stations.
Building amenities include concierge service, a landscaped courtyard, bicycle storage, private storage, and a pet-friendly policy. The condominium fee covers gas for the fireplace, water, hot water, and additional storage. The property is located at 1312 Massachusetts Ave NW #309 in Washington, DC, near Logan Circle, Franklin Park, CityCenterDC, the Convention Center, restaurants, shops, and multiple Metro stations.
Key Highlights
- Approximately 1,096 square feet with two bedrooms and two baths
- Corner condominium with dual exposures and large windows
- Open kitchen with island and stainless steel KitchenAid appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,211
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,220
$364.2K
Cap Rate 7%
$260,157
$260.2K
Cap Rate 9%
$202,344
$202.3K
Market Conditions
NOI Build-Up for 1,096 SF
Gross rent
$34.9K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$33.1K $30.21/SF
− OpEx
−$14.9K −$13.59/SF
NOI
$18.2K $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%
$364,220
Cap Rate 7%
$260,157
Cap Rate 9%
$202,344
Alternative Uses
Best Use
Apartment 5plus
$260.2K
$227.6K – $303.5K
NOI $18,211 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.7K
$493.3K – $657.7K
NOI $39,462 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
25,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 20005, DC
12,953
Population
9,558
Households
1.4
Avg Household Size
35
Median Age
80%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
32,383
Density / Sq Mi
$111,960
Median Household Income
$100,188
Median Earnings
$2,223
Median Rent
$636,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Corner condominium with two baths, hardwood flooring, an open kitchen, and in-unit laundry.
Where is this residential income property located?
The property is located at 1312 MASSACHUSETTS AVE NW #309 Washington, DC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 1,096 square feet with two bedrooms and two baths; Corner condominium with dual exposures and large windows; Open kitchen with island and stainless steel KitchenAid appliances
