Residential Income Property with Indoor
For Sale
$389,900
1000 NEW JERSEY AVENUE SE Unit 107, Washington, DC 20003
Unit 107 in Capitol Hill Towers offers shared fitness, pool, courtyard, and concierge-style building services.
Property Size680 SF
Days on Market737
Property Features for 1000 NEW JERSEY AVENUE SE Unit 107
General Information
Standard status
Active
Size
680 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Building Details
Building Size
680 SF
Year Built
2006
Listing Agency:
Northrop Realty
Listed By:
Daniel B Register IV · License #534790
(410) 531-0321
Source:
Kwcapitalproperties
Added: Oct 25, 2024
Changed: Oct 31
Last Checked: Oct 30 at 9:08PM
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 Northrop Realty
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.
Unit 107 is a residential income property within Capitol Hill Towers, a 2006-built, full-service residential building at 1000 New Jersey Avenue SE in Washington, DC. Community amenities include a 24-hour staffed front desk, refrigerated package storage, morning coffee service, a fitness center, indoor pool, hot tub, and landscaped courtyard with seating, gas grills, and a water feature.
The property is approximately 1.5 blocks from the Navy Yard Metro station, Whole Foods, and Garfield Park. Nationals Park, the Capitol, dining, shopping, and entertainment venues are also within walking distance.
The unit is being sold occupied and in as-is/where-is condition. Lease documentation and rental amounts have not been verified. Inspections and other access are not available, and the buyer will assume responsibility for any necessary eviction action. Occupant contact is prohibited.
The property is approximately 1.5 blocks from the Navy Yard Metro station, Whole Foods, and Garfield Park. Nationals Park, the Capitol, dining, shopping, and entertainment venues are also within walking distance.
The unit is being sold occupied and in as-is/where-is condition. Lease documentation and rental amounts have not been verified. Inspections and other access are not available, and the buyer will assume responsibility for any necessary eviction action. Occupant contact is prohibited.
Key Highlights
- Unit 107 at 1000 New Jersey Avenue SE, Washington, DC 20003
- 2006‑built Capitol Hill Towers residential building
- Approximately 1.5 blocks from the Navy Yard Metro station, Whole Foods, and Garfield Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,299
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,980
$226.0K
Cap Rate 7%
$161,414
$161.4K
Cap Rate 9%
$125,544
$125.5K
Market Conditions
NOI Build-Up for 680 SF
Gross rent
$21.6K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.5K $30.21/SF
− OpEx
−$9.2K −$13.59/SF
NOI
$11.3K $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%
$225,980
Cap Rate 7%
$161,414
Cap Rate 9%
$125,544
Alternative Uses
Best Use
Apartment 5plus
$161.4K
$141.2K – $188.3K
NOI $11,299 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.8K
$306.1K – $408.1K
NOI $24,484 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
3,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Unit 107 in Capitol Hill Towers offers shared fitness, pool, courtyard, and concierge-style building services.
Where is this residential income property located?
The property is located at 1000 NEW JERSEY AVENUE SE Unit 107 Washington, DC.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Unit 107 at 1000 New Jersey Avenue SE, Washington, DC 20003; 2006‑built Capitol Hill Towers residential building; Approximately 1.5 blocks from the Navy Yard Metro station, Whole Foods, and Garfield Park
