Updated Residential Income
For Sale
$625,000
157 FLEET STREET Unit 509, Oxon Hill, MD 20745
Corner condominium residence with river-facing balcony, two bedrooms, dedicated storage, and assigned parking in National Harbor.
Property Size1,785 SF
Price / SF$350.14
Days on Market118
Property Features for 157 FLEET STREET Unit 509
General Information
Standard status
Active
Size
1,785 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$9,104
Building Details
Building Size
1,785 SF
Year Built
2009
Listing Agency:
KW Metro Center
Listed By:
William E Close · License #636621
(301) 404-8052
Source:
Kerishull
Added: Jun 11
Changed: Oct 3
Last Checked: Oct 5 at 10:13PM
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 KW Metro Center
Investment Insights
Based on property information with market context.
This fifth-floor corner condominium residence offers 1,785 square feet with two bedrooms, two fully renovated ensuite bathrooms, and an additional powder room. A flexible entry-area room can serve as an office, den, or reading space. Floor-to-ceiling windows and a private balcony provide views toward Fleet Street, American Way events, the plaza, the jumbo screen, and the Potomac River. Interior improvements include hardwood flooring installed in 2019, recessed lighting, wainscoting, and custom closet organization systems.
The redesigned kitchen features two-tone cabinetry, quartz countertops, pendant lighting, and new stainless steel appliances. The residence includes a new HVAC system from 2026 and a new washer and dryer from 2023. Two assigned parking spaces and a dedicated on-site storage unit convey with the property. The home is located in National Harbor, near waterfront dining, shopping, entertainment, and year-round events.
The redesigned kitchen features two-tone cabinetry, quartz countertops, pendant lighting, and new stainless steel appliances. The residence includes a new HVAC system from 2026 and a new washer and dryer from 2023. Two assigned parking spaces and a dedicated on-site storage unit convey with the property. The home is located in National Harbor, near waterfront dining, shopping, entertainment, and year-round events.
Key Highlights
- Fifth‑floor corner condominium residence with 1,785 square feet
- Two bedrooms with fully renovated ensuite bathrooms
- Private balcony with Potomac River and waterfront views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,031
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,620
$480.6K
Cap Rate 7%
$343,300
$343.3K
Cap Rate 9%
$267,011
$267.0K
Market Conditions
NOI Build-Up for 1,785 SF
Gross rent
$46.5K $26.04/SF
− Vacancy
−$2.8K −$1.56/SF
EGI
$43.7K $24.48/SF
− OpEx
−$19.7K −$11.01/SF
NOI
$24.0K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,620
Cap Rate 7%
$343,300
Cap Rate 9%
$267,011
Alternative Uses
Best Use
Apartment 5plus
$343.3K
$300.4K – $400.5K
NOI $24,031 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$575.8K
$503.9K – $671.8K
NOI $40,308 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 20745, MD
32,024
Population
13,124
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
4,927
Density / Sq Mi
$80,649
Median Household Income
$47,435
Median Earnings
$1,564
Median Rent
$351,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Corner condominium residence with river-facing balcony, two bedrooms, dedicated storage, and assigned parking in National Harbor.
Where is this residential income property located?
The property is located at 157 FLEET STREET Unit 509 Oxon Hill, MD.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fifth‑floor corner condominium residence with 1,785 square feet; Two bedrooms with fully renovated ensuite bathrooms; Private balcony with Potomac River and waterfront views
