Residential Income Property with Updated
For Sale
$299,000
2032 BELMONT ROAD NW Unit 403, Washington, DC 20009
The junior one-bedroom pairs original hardwood floors with a separate sleeping area and secure-building entry.
Property Size458 SF
Price / SF$652.84
Days on Market40
Property Features for 2032 BELMONT ROAD NW Unit 403
General Information
Standard status
Active
Size
458 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kalorama Triangle
Public Transit
Yes
Units
Unit Mix
1 x junior one-bedroom
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,092
Amenities
front desk staffing
keyfob entry
on-site management
dedicated storage
Building Details
Building Size
458 SF
Year Built
1928
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 20
Changed: Oct 26
Last Checked: Oct 26 at 2:08PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 458-square-foot junior one-bedroom is in the Valley Vista building, constructed in 1928. The unit has a renovated kitchen with updated cabinetry, a full bathroom, original hardwood flooring, and a defined sleeping area. Building features include keyfob entry, on-site management, front desk staffing during extended daily hours, and dedicated storage.
The property is about a half-mile, or an 11-minute walk, from the Woodley Park-Zoo/Adams Morgan Metro Station on the Red Line. Bus service is available on nearby Connecticut Avenue. Rock Creek Park, the National Zoo, Kalorama Park, and several grocery stores and restaurants are also nearby.
The property is about a half-mile, or an 11-minute walk, from the Woodley Park-Zoo/Adams Morgan Metro Station on the Red Line. Bus service is available on nearby Connecticut Avenue. Rock Creek Park, the National Zoo, Kalorama Park, and several grocery stores and restaurants are also nearby.
Key Highlights
- 458‑square‑foot junior one‑bedroom unit
- Renovated kitchen with updated cabinetry and a full bathroom
- Original hardwood flooring and a defined sleeping area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,913
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,260
$178.3K
Cap Rate 7%
$127,329
$127.3K
Cap Rate 9%
$99,033
$99.0K
Market Conditions
NOI Build-Up for 458 SF
Gross rent
$17.2K $37.56/SF
− Vacancy
−$998 −$2.18/SF
EGI
$16.2K $35.38/SF
− OpEx
−$7.3K −$15.92/SF
NOI
$8.9K $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%
$178,260
Cap Rate 7%
$127,329
Cap Rate 9%
$99,033
Alternative Uses
Best Use
Apartment 5plus
$127.3K
$111.4K – $148.6K
NOI $8,913 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.6K
$206.1K – $274.9K
NOI $16,491 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,413
Businesses Nearby
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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 junior one-bedroom pairs original hardwood floors with a separate sleeping area and secure-building entry.
Where is this residential income property located?
The property is located at 2032 BELMONT ROAD NW Unit 403 Washington, DC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 458‑square‑foot junior one‑bedroom unit; Renovated kitchen with updated cabinetry and a full bathroom; Original hardwood flooring and a defined sleeping area
