Building Details

Building Size 1,047 SF

Year Built 1928

Listing Agency: Serhant

Listed By: SONYA WILSON · License #BR98379509 Show Phone

Source: Barnesrealestatecompany

Added: Oct 15 Changed: Oct 17 Last Checked: Oct 16 at 2:36PM

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Investment Insights

Based on property information with market context.

This renovated two-bedroom, one-bath residence at Valley Vista offers 1,047 square feet, an entry foyer, and a separate dining room. The kitchen has new appliances and gas cooking, while the full bathroom features a walk-in shower. Twelve windows across multiple exposures bring natural light into the home, which also has high ceilings, architectural details, and ample storage. The building dates to 1928 and has a refreshed lobby, shared laundry facilities, and professional management.

Located in Washington, DC, the property is near Rock Creek Park, Adams Morgan, Dupont Circle, and Embassy Row. Neighborhood restaurants, shops, parks, and public transportation are also accessible nearby. Street parking is available.

Key Highlights

• Two‑bedroom, one‑bath residence with 1,047 square feet
• Renovated kitchen with new appliances and gas cooking
• Twelve windows across multiple exposures

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,374

Cap Rate

3.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$407,480 $407.5K

Cap Rate 7%

$291,057 $291.1K

Cap Rate 9%

$226,378 $226.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,047 SF

Gross rent

$39.3K $37.56/SF

− Vacancy

−$2.3K −$2.18/SF

EGI

$37.0K $35.38/SF

− OpEx

−$16.7K −$15.92/SF

NOI

$20.4K $19.46/SF

Area

ZIP 20009

Vacancy

5.80%

Lease Rate

$37.56 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$407,480

Cap Rate 7%

$291,057

Cap Rate 9%

$226,378

Alternative Uses

Best Use

Apartment 5plus

$291.1K

$254.7K – $339.6K (±1% cap)

NOI $20,374 @ 7.0% cap · market cap 3.40%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$538.5K

$471.2K – $628.3K (±1% cap)

NOI $37,698 @ 7.0% cap · market cap 6.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Group T Design Marketing & Advertising Accountable Recycling Options, ... Recycling Center Valley Vista Condominium Condominium Complex Ward One Democrats Association Or Organization Camper Consulting Consultant

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Electrical Service Big Box & Wholesale Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

4,413

Businesses Nearby

Explore this area Business Placement

Demographics for 20009, DC

53,357

Population

31,824

Households

1.7

Avg Household Size

34

Median Age

84%

College-Educated

97%

High-School Grad

1.3 sq mi

ZIP Area

41,044

Density / Sq Mi

$140,555

Median Household Income

$99,606

Median Earnings

$2,346

Median Rent

$727,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - The two-bedroom residence includes a separate dining room, updated kitchen, and full bathroom.

Where is this residential income property located?

The property is located at 2032 BELMONT ROAD NW Unit 211 Washington, DC.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Two‑bedroom, one‑bath residence with 1,047 square feet; Renovated kitchen with new appliances and gas cooking; Twelve windows across multiple exposures