Studio Condominium With
For Sale
$299,900
1625 ECKINGTON PLACE NE Unit 511, Washington, DC 20002
North-facing residence in a full-service community with rooftop recreation and a short walk to NoMa Metro.
Property Size517 SF
Price / SF$580.08
Days on Market237
Property Features for 1625 ECKINGTON PLACE NE Unit 511
General Information
Standard status
Active
Size
517 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Public Transit
Yes
Units
Unit Mix
Studio
Multifamily Units
1
Amenities
Daily Concierge
On-Site Building Manager
Penthouse Lounge with Kitchen and Fireplace
Rooftop Fitness Center
Rooftop Pool and Sun Deck
Grilling Stations
Lounge and Seating niches
Lobby Level Conference Room
Building Details
Building Size
517 SF
Year Built
2021
Stories
12
Construction
steel and concrete
Listing Agency:
McWilliams/Ballard Inc.
Listed By:
Timur Loynab · License #0225104044
(571) 215-6554
Source:
Kartaproperties
Added: Mar 7
Changed: Oct 30
Last Checked: Oct 26 at 2:48PM
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 McWilliams/Ballard Inc.
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Investment Insights
Based on property information with market context.
Unit 511 is a north-facing studio condominium with 517 square feet and a private balcony. The 2021-built, 12-story steel-and-concrete community contains 179 residences, with studio, one-bedroom, two-bedroom and penthouse layouts. Interior features include wide-plank flooring, custom millwork, Bosch appliances, expansive windows and Mecho shades.
Residents have access to daily concierge service, an on-site building manager, a rooftop fitness center, pool and sun deck, plus a penthouse lounge with kitchen and fireplace. Additional shared spaces include grilling areas and a lobby-level conference room. Union Kitchen and Brooklyn Boulders are the community’s anchor retailers, and NoMa Metro is a short walk away.
Residents have access to daily concierge service, an on-site building manager, a rooftop fitness center, pool and sun deck, plus a penthouse lounge with kitchen and fireplace. Additional shared spaces include grilling areas and a lobby-level conference room. Union Kitchen and Brooklyn Boulders are the community’s anchor retailers, and NoMa Metro is a short walk away.
Key Highlights
- 517‑square‑foot north‑facing studio with a balcony
- 2021 construction in a 12‑story steel‑and‑concrete building
- 179 residences, including studio, one‑bedroom, two‑bedroom and penthouse layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,802
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,040
$176.0K
Cap Rate 7%
$125,743
$125.7K
Cap Rate 9%
$97,800
$97.8K
Market Conditions
NOI Build-Up for 517 SF
Gross rent
$17.1K $33.00/SF
− Vacancy
−$1.1K −$2.05/SF
EGI
$16.0K $30.95/SF
− OpEx
−$7.2K −$13.93/SF
NOI
$8.8K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,040
Cap Rate 7%
$125,743
Cap Rate 9%
$97,800
Alternative Uses
Best Use
Apartment 5plus
$125.7K
$110.0K – $146.7K
NOI $8,802 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.9K
$233.6K – $311.4K
NOI $18,685 @ 7.0% cap · market cap 6.23%
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
2,432
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - North-facing residence in a full-service community with rooftop recreation and a short walk to NoMa Metro.
Where is this residential income property located?
The property is located at 1625 ECKINGTON PLACE NE Unit 511 Washington, DC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 517‑square‑foot north‑facing studio with a balcony; 2021 construction in a 12‑story steel‑and‑concrete building; 179 residences, including studio, one‑bedroom, two‑bedroom and penthouse layouts
