Updated Residential Income
For Sale
$449,000
77 U STREET NW Unit 2, Washington, DC 20001
Two-bedroom unit with private entrances, outdoor access, and a renovated kitchen with stainless appliances.
Property Size887 SF
Days on Market934
Property Features for 77 U STREET NW Unit 2
General Information
Standard status
Active
Size
887 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Bloomingdale
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,516
Amenities
in-unit washer/dryer
hardwood floors
stainless steel appliances
private outdoor space
solar panels
Building Details
Building Size
887 SF
Year Built
1906
Listing Agency:
RLAH @properties
Listed By:
David Bediz · License #SP98361002
(202) 352-8456
Source:
Kwcapitalproperties
Added: Apr 11, 2024
Changed: Oct 31
Last Checked: Oct 30 at 11:46PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
Unit 2 is a two-bedroom, one-and-a-half-bath residential income property with an open interior, hardwood flooring, tall ceilings, recessed lighting, and built-in living room shelving. The layout also includes additional storage, a designated home office area, two private entrances, and access to private outdoor space at the rear. The kitchen has been updated with stainless steel appliances, upgraded countertops, and white cabinetry. In-unit laundry adds day-to-day convenience, while the unit includes two spacious bedrooms, a full bathroom, and a powder room.
The building was constructed in 1906 and is equipped with owned solar panels. The roof was replaced in 2016, the air conditioner serving Unit 2 was replaced in 2022, and the washer and dryer were replaced in 2020. The property backs to Crispus Attucks Park and is near The Red Hen, Big Bear Cafe, and DCity Smokehouse.
The building was constructed in 1906 and is equipped with owned solar panels. The roof was replaced in 2016, the air conditioner serving Unit 2 was replaced in 2022, and the washer and dryer were replaced in 2020. The property backs to Crispus Attucks Park and is near The Red Hen, Big Bear Cafe, and DCity Smokehouse.
Key Highlights
- Two‑bedroom, 1.5‑bath unit with an open floor plan
- Updated kitchen with stainless appliances, upgraded countertops, and white cabinets
- Two private entrances with access to private outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,738
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,760
$294.8K
Cap Rate 7%
$210,543
$210.5K
Cap Rate 9%
$163,756
$163.8K
Market Conditions
NOI Build-Up for 887 SF
Gross rent
$28.2K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.8K $30.21/SF
− OpEx
−$12.1K −$13.59/SF
NOI
$14.7K $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%
$294,760
Cap Rate 7%
$210,543
Cap Rate 9%
$163,756
Alternative Uses
Best Use
Apartment 5plus
$210.5K
$184.2K – $245.6K
NOI $14,738 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.2K
$399.2K – $532.3K
NOI $31,937 @ 7.0% cap · market cap 7.11%
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
2,678
Businesses Nearby
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Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom unit with private entrances, outdoor access, and a renovated kitchen with stainless appliances.
Where is this residential income property located?
The property is located at 77 U STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑bedroom, 1.5‑bath unit with an open floor plan; Updated kitchen with stainless appliances, upgraded countertops, and white cabinets; Two private entrances with access to private outdoor space
