Renovated City
For Sale
$399,900
1314 MASSACHUSETTS AVENUE NW Unit 106, Washington, DC 20005
An open-plan layout pairs an updated kitchen with central air conditioning and in-unit laundry.
Property Size747 SF
Days on Market21
Property Features for 1314 MASSACHUSETTS AVENUE NW Unit 106
General Information
Standard status
Active
Size
747 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,918
Amenities
central air conditioning
in-unit washer/dryer
secure building
pet-friendly
Building Details
Building Size
747 SF
Year Built
1947
Listing Agency:
Cosmopolitan Properties Real Estate Brokerage
Listed By:
Lasonya J Abney
(301) 335-8380
Source:
Kwcapitalproperties
Added: Sep 29
Changed: Oct 18
Last Checked: Oct 16 at 4:35PM
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 Cosmopolitan Properties Real Estate Brokerage
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Investment Insights
Based on property information with market context.
This Washington, DC condo, built in 1947, has an open layout, wood flooring in the main living areas, and carpeting in the bedroom. The kitchen and bath have been renovated, and the unit includes central A/C and an in-unit washer and dryer. Gas and water are covered by the condo fee.
The building is secure and pet-friendly, with access to Metro, restaurants, shopping, and entertainment. This is a Fannie Mae HomePath property.
The building is secure and pet-friendly, with access to Metro, restaurants, shopping, and entertainment. This is a Fannie Mae HomePath property.
Key Highlights
- Renovated kitchen and bath in an open‑plan condo
- Central A/C and in‑unit washer and dryer
- Condo fee includes gas and water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,412
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,240
$248.2K
Cap Rate 7%
$177,314
$177.3K
Cap Rate 9%
$137,911
$137.9K
Market Conditions
NOI Build-Up for 747 SF
Gross rent
$23.8K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$22.6K $30.21/SF
− OpEx
−$10.2K −$13.59/SF
NOI
$12.4K $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%
$248,240
Cap Rate 7%
$177,314
Cap Rate 9%
$137,911
Alternative Uses
Best Use
Apartment 5plus
$177.3K
$155.2K – $206.9K
NOI $12,412 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.2K
$336.2K – $448.3K
NOI $26,896 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,455
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan layout pairs an updated kitchen with central air conditioning and in-unit laundry.
Where is this residential income property located?
The property is located at 1314 MASSACHUSETTS AVENUE NW Unit 106 Washington, DC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Renovated kitchen and bath in an open‑plan condo; Central A/C and in‑unit washer and dryer; Condo fee includes gas and water
