Condo Unit in Small Residential
For Sale
$275,000
1714 WEST VIRGINIA AVENUE NE Unit 3, Washington, DC 20002
Well-maintained two-bedroom, two-bath condo unit with in-unit laundry and central A/C in a small residential condo building.
Property Size723 SF
Days on Market91
Property Features for 1714 WEST VIRGINIA AVENUE NE Unit 3
General Information
Standard status
Active
Size
723 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,881
Building Details
Building Size
723 SF
Year Built
1931
Listing Agency:
Compass
Listed By:
Louis J Muscarella · License #SP98358860
(703) 405-3019
Source:
Kwcapitalproperties
Added: Jul 8
Changed: Oct 3
Last Checked: Oct 5 at 10:50PM
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 Compass
Investment Insights
Based on property information with market context.
Located in the Brentwood neighborhood of Northeast DC, this well-maintained two-bedroom, two-bath condo is unit 3 in a small residential condo building. The unit offers an open, functional floor plan with approximately 723 square feet of living space, with the main living area flowing into the kitchen.
The kitchen includes granite countertops, stainless steel appliances, and gas cooking, along with ample cabinet storage. Both bedrooms have good natural light and closet space, and the two full bathrooms add flexibility for everyday living and guest or office use. In-unit laundry and central A/C provide added convenience.
The condo building offers a low-maintenance, manageable setting. The home is positioned near key Northeast DC corridors, including Rhode Island Ave, H Street, and New York Ave, with Union Market, Ivy City, and the H Street Corridor minutes away for dining, grocery, and retail options. Built in 1931, the unit combines practical layout efficiency with city access.
The kitchen includes granite countertops, stainless steel appliances, and gas cooking, along with ample cabinet storage. Both bedrooms have good natural light and closet space, and the two full bathrooms add flexibility for everyday living and guest or office use. In-unit laundry and central A/C provide added convenience.
The condo building offers a low-maintenance, manageable setting. The home is positioned near key Northeast DC corridors, including Rhode Island Ave, H Street, and New York Ave, with Union Market, Ivy City, and the H Street Corridor minutes away for dining, grocery, and retail options. Built in 1931, the unit combines practical layout efficiency with city access.
Key Highlights
- Unit 3 in a small residential condo building
- Two bedrooms and two full bathrooms
- Approximately 723 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,309
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,180
$246.2K
Cap Rate 7%
$175,843
$175.8K
Cap Rate 9%
$136,767
$136.8K
Market Conditions
NOI Build-Up for 723 SF
Gross rent
$23.9K $33.00/SF
− Vacancy
−$1.5K −$2.05/SF
EGI
$22.4K $30.95/SF
− OpEx
−$10.1K −$13.93/SF
NOI
$12.3K $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%
$246,180
Cap Rate 7%
$175,843
Cap Rate 9%
$136,767
Alternative Uses
Best Use
Apartment 5plus
$175.8K
$153.9K – $205.2K
NOI $12,309 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.3K
$326.6K – $435.5K
NOI $26,130 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Explore this area
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 - Well-maintained two-bedroom, two-bath condo unit with in-unit laundry and central A/C in a small residential condo building.
Where is this residential income property located?
The property is located at 1714 WEST VIRGINIA AVENUE NE Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Unit 3 in a small residential condo building; Two bedrooms and two full bathrooms; Approximately 723 square feet of living space
