Residential Income Property with Rooftop
For Sale
$600,000
1722 WEST VIRGINIA AVENUE NE Unit 3, Washington, DC 20002
Multi-level residence with a den, private outdoor areas, dedicated parking, and access to Northeast DC destinations.
Property Size1,306 SF
Price / SF$459.42
Days on Market35
Property Features for 1722 WEST VIRGINIA AVENUE NE Unit 3
General Information
Standard status
Active
Size
1,306 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,629
Building Details
Building Size
1,306 SF
Year Built
1931
Listing Agency:
Keller Williams Capital Properties
Listed By:
Kyle Nichols · License #SP200202026
(773) 540-6294
Source:
Kerishull
Added: Sep 2
Changed: Oct 3
Last Checked: Oct 5 at 9:43PM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This 1,306-square-foot residential income property, built in 1931, is arranged across multiple levels and includes two legal bedrooms, a den, two full bathrooms, and one half bathroom. The den can serve as an office or additional living area, while the main living space includes a custom media wall. Outdoor amenities include a balcony off the guest bedroom and a private rooftop terrace suited to dining, entertaining, or personal use. Two dedicated parking spaces are included.
The property is located at 1722 West Virginia Avenue NE in Washington, DC 20002, near Gallaudet University, Union Market, and the H Street Corridor. Restaurants, shopping, entertainment, and neighborhood services are also identified in the surrounding area.
The property is located at 1722 West Virginia Avenue NE in Washington, DC 20002, near Gallaudet University, Union Market, and the H Street Corridor. Restaurants, shopping, entertainment, and neighborhood services are also identified in the surrounding area.
Key Highlights
- 1,306 SF residential property built in 1931
- Two legal bedrooms plus a versatile den
- Two full bathrooms and one half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,234
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,680
$444.7K
Cap Rate 7%
$317,629
$317.6K
Cap Rate 9%
$247,044
$247.0K
Market Conditions
NOI Build-Up for 1,306 SF
Gross rent
$43.1K $33.00/SF
− Vacancy
−$2.7K −$2.05/SF
EGI
$40.4K $30.95/SF
− OpEx
−$18.2K −$13.93/SF
NOI
$22.2K $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%
$444,680
Cap Rate 7%
$317,629
Cap Rate 9%
$247,044
Alternative Uses
Best Use
Apartment 5plus
$317.6K
$277.9K – $370.6K
NOI $22,234 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$674.3K
$590.0K – $786.7K
NOI $47,200 @ 7.0% cap · market cap 7.87%
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 - Multi-level residence with a den, private outdoor areas, dedicated parking, and access to Northeast DC destinations.
Where is this residential income property located?
The property is located at 1722 WEST VIRGINIA AVENUE NE Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,306 SF residential property built in 1931; Two legal bedrooms plus a versatile den; Two full bathrooms and one half bathroom
