Penthouse Residential Income
For Sale
$339,000
Pending
1312 MASSACHUSETTS AVENUE NW Unit 802, Washington, DC 20005
Top-floor unit with private balcony, open living areas, in-unit laundry, and access to condominium amenities.
Property Size600 SF
Days on Market53
Property Features for 1312 MASSACHUSETTS AVENUE NW Unit 802
General Information
Standard status
Pending
Size
600 SF
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Public Transit
Yes
Additional Details
Asking Price
$349,000
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,644
Amenities
concierge service
extra storage
24-hour security
private main level terrace
gas grills
private balcony
in-unit laundry
storage unit
Building Details
Building Size
600 SF
Year Built
1949
Construction
Art Deco
Listing Agency:
Century 21 Redwood Realty
Listed By:
Tatyana V Lara · License #98363495
(202) 288-5010
Source:
Kwcapitalproperties
Added: Sep 9
Changed: Oct 31
Last Checked: Oct 31 at 12:14AM
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 Century 21 Redwood Realty
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Investment Insights
Based on property information with market context.
Unit 802 is a top-floor penthouse residence in the Midtown Condominium, a 1949 Art Deco building. The layout connects the living, dining, and kitchen areas in an open arrangement, with wood and ceramic tile flooring, expansive windows, and a private balcony. The galley kitchen includes upgraded countertops, built-ins, and a breakfast bar. The bedroom features carpeting, a double-door closet, and a window facing the balcony. A separate bathroom with a soaking tub, in-unit washer and dryer, ceiling fans, and window treatments complete the interior. Private storage unit #57 conveys with the property.
Building amenities include concierge service, elevator access, extra storage, 24-hour security, and a private main-level terrace with covered seating and gas grills. The building permits one dog of reasonable size or two cats. Public transportation, including bus stops and metro stations, is less than a mile away, while the airport is under 10 miles away. On-street parking is available.
Building amenities include concierge service, elevator access, extra storage, 24-hour security, and a private main-level terrace with covered seating and gas grills. The building permits one dog of reasonable size or two cats. Public transportation, including bus stops and metro stations, is less than a mile away, while the airport is under 10 miles away. On-street parking is available.
Key Highlights
- Top‑floor penthouse unit #802 with a private balcony
- Open living, dining, and kitchen layout with expansive windows
- Galley kitchen with upgraded countertops, built‑ins, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,969
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,380
$199.4K
Cap Rate 7%
$142,414
$142.4K
Cap Rate 9%
$110,767
$110.8K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$19.1K $31.80/SF
− Vacancy
−$954 −$1.59/SF
EGI
$18.1K $30.21/SF
− OpEx
−$8.2K −$13.59/SF
NOI
$10.0K $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%
$199,380
Cap Rate 7%
$142,414
Cap Rate 9%
$110,767
Alternative Uses
Best Use
Apartment 5plus
$142.4K
$124.6K – $166.2K
NOI $9,969 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.6K
$270.0K – $360.1K
NOI $21,603 @ 7.0% cap · market cap 6.37%
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 - Top-floor unit with private balcony, open living areas, in-unit laundry, and access to condominium amenities.
Where is this residential income property located?
The property is located at 1312 MASSACHUSETTS AVENUE NW Unit 802 Washington, DC.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Top‑floor penthouse unit #802 with a private balcony; Open living, dining, and kitchen layout with expansive windows; Galley kitchen with upgraded countertops, built‑ins, and breakfast bar
