One-Bedroom Residential Income
For Sale
$398,000
1312 MASSACHUSETTS AVENUE NW Unit 508, Washington, DC 20005
The south-facing residence includes hardwood floors, a gas fireplace, and in-unit laundry.
Property Size670 SF
Price / SF$594.03
Days on Market79
Property Features for 1312 MASSACHUSETTS AVENUE NW Unit 508
General Information
Standard status
Active
Size
670 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,675
Amenities
hardwood floors
gas fireplace
in-unit washer and dryer
Elfa closet system
generous storage
European lighting
recently replaced HVAC
full-time concierge service
secure building and floor access
elevated landscaped courtyard with grills and seating
private storage
bike storage
on-site parking garage
Building Details
Building Size
670 SF
Year Built
1949
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 13
Changed: Oct 27
Last Checked: Oct 26 at 3:09PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 670-square-foot, one-bedroom residence has a south-facing orientation and looks onto a courtyard. Interior features include hardwood flooring, a gas fireplace, an in-unit washer and dryer, an Elfa closet system, European lighting, and additional storage. The HVAC chassis was recently replaced.
Building amenities include a full-time concierge, secured building and floor access, a landscaped courtyard with grills and seating, private storage, bike storage, and an on-site parking garage. Rental parking spaces are often available. The property is in downtown Washington, near Thomas Circle and Franklin Park, with the White House, CityCenterDC, the 14th Street corridor, Metro stations, grocery stores, restaurants, and cafes described as a short walk away.
Building amenities include a full-time concierge, secured building and floor access, a landscaped courtyard with grills and seating, private storage, bike storage, and an on-site parking garage. Rental parking spaces are often available. The property is in downtown Washington, near Thomas Circle and Franklin Park, with the White House, CityCenterDC, the 14th Street corridor, Metro stations, grocery stores, restaurants, and cafes described as a short walk away.
Key Highlights
- 670‑square‑foot, one‑bedroom residence with a south‑facing orientation
- Hardwood floors, gas fireplace, in‑unit washer and dryer, and Elfa closet system
- Recently replaced HVAC chassis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,132
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,640
$222.6K
Cap Rate 7%
$159,029
$159.0K
Cap Rate 9%
$123,689
$123.7K
Market Conditions
NOI Build-Up for 670 SF
Gross rent
$21.3K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.2K $30.21/SF
− OpEx
−$9.1K −$13.59/SF
NOI
$11.1K $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%
$222,640
Cap Rate 7%
$159,029
Cap Rate 9%
$123,689
Alternative Uses
Best Use
Apartment 5plus
$159.0K
$139.2K – $185.5K
NOI $11,132 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.6K
$301.6K – $402.1K
NOI $24,124 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,455
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The south-facing residence includes hardwood floors, a gas fireplace, and in-unit laundry.
Where is this residential income property located?
The property is located at 1312 MASSACHUSETTS AVENUE NW Unit 508 Washington, DC.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: 670‑square‑foot, one‑bedroom residence with a south‑facing orientation; Hardwood floors, gas fireplace, in‑unit washer and dryer, and Elfa closet system; Recently replaced HVAC chassis
