Residential Income Property with Bay
For Sale
$499,000
1391 PENNSYLVANIA AVENUE SE Unit 331, Washington, DC 20003
Contemporary unit with open living areas, building amenities, secure covered parking, and Metro access across the street.
Property Size938 SF
Price / SF$531.98
Days on Market29
Property Features for 1391 PENNSYLVANIA AVENUE SE Unit 331
General Information
Standard status
Active
Size
938 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,728
Amenities
fitness center
business center
billiard room
meeting & party rooms
multiple roof decks
24-hour concierge services
secure covered parking
Building Details
Building Size
938 SF
Year Built
2007
Listing Agency:
Samson Properties
Listed By:
Yan Jin Ni · License #SP200203568
(917) 868-8590
Source:
Kwcapitalproperties
Added: Sep 8
Changed: Oct 3
Last Checked: Oct 5 at 8:54PM
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 Samson Properties
Investment Insights
Based on property information with market context.
Unit 331 is a 938-square-foot contemporary residential property completed in 2007. The interior features an open arrangement linking the living and dining areas, floor-to-ceiling bay windows, crown molding, and finished flooring. The primary bedroom includes an en-suite bathroom with a bathtub and a walk-in closet, while a separate bedroom or den is accessed through French doors and can serve as additional living or work space.
Building amenities include a fitness center, business center, billiard room, meeting and party rooms, and multiple rooftop decks. Residents also have access to 24-hour concierge service, secure covered parking, and maintained outdoor grounds. The property sits across from the Potomac Avenue Metro and near Nats Park, Navy Yard, Bikeshare, Barracks Row, Eastern Market, the Roost, the Anacostia Riverwalk Trail, retail shops, and dining options.
Building amenities include a fitness center, business center, billiard room, meeting and party rooms, and multiple rooftop decks. Residents also have access to 24-hour concierge service, secure covered parking, and maintained outdoor grounds. The property sits across from the Potomac Avenue Metro and near Nats Park, Navy Yard, Bikeshare, Barracks Row, Eastern Market, the Roost, the Anacostia Riverwalk Trail, retail shops, and dining options.
Key Highlights
- 938 SF unit with open living and dining areas
- Floor‑to‑ceiling bay windows and crown molding
- Primary suite with en‑suite bath and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,585
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,700
$311.7K
Cap Rate 7%
$222,643
$222.6K
Cap Rate 9%
$173,167
$173.2K
Market Conditions
NOI Build-Up for 938 SF
Gross rent
$29.8K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$28.3K $30.21/SF
− OpEx
−$12.8K −$13.59/SF
NOI
$15.6K $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%
$311,700
Cap Rate 7%
$222,643
Cap Rate 9%
$173,167
Alternative Uses
Best Use
Apartment 5plus
$222.6K
$194.8K – $259.8K
NOI $15,585 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.5K
$422.2K – $562.9K
NOI $33,773 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,530
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary unit with open living areas, building amenities, secure covered parking, and Metro access across the street.
Where is this residential income property located?
The property is located at 1391 PENNSYLVANIA AVENUE SE Unit 331 Washington, DC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 938 SF unit with open living and dining areas; Floor‑to‑ceiling bay windows and crown molding; Primary suite with en‑suite bath and walk‑in closet
