Residential Income Property with
For Sale
$519,000
2035 2ND STREET NW Unit GL08, Washington, DC 20001
Condominium residence featuring garage parking, high ceilings, and direct access to a private patio.
Property Size976 SF
Days on Market53
Property Features for 2035 2ND STREET NW Unit GL08
General Information
Standard status
Active
Size
976 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ledroit Park
Taxes and HOA fees
Annual Taxes
$4,425
Building Details
Building Size
976 SF
Year Built
1904
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Loic C Pritchett
(202) 550-9666
Source:
Kwcapitalproperties
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 30 at 7:44PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This residential income property is a condominium residence within the Gage School, built in 1904. The home includes two bedrooms and two bathrooms, with high ceilings, oversized windows, exposed brick, and French doors connecting the living area to a private patio and landscaped courtyard. The kitchen is finished with granite surfaces, stainless appliances, ample cabinetry, and a breakfast bar. Both bedrooms are spacious, and the primary bedroom includes a custom-fitted closet. Each bathroom has a granite vanity, while an in-unit washer and dryer adds everyday convenience.
Garage parking is included. The property is located at 2035 2nd Street NW, Unit GL08, in Washington, DC 20001, and is identified as pet friendly.
Garage parking is included. The property is located at 2035 2nd Street NW, Unit GL08, in Washington, DC 20001, and is identified as pet friendly.
Key Highlights
- Two‑bedroom, two‑bathroom condominium residence
- Private patio with access from the living room
- Garage parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,217
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,340
$324.3K
Cap Rate 7%
$231,671
$231.7K
Cap Rate 9%
$180,189
$180.2K
Market Conditions
NOI Build-Up for 976 SF
Gross rent
$31.0K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$29.5K $30.21/SF
− OpEx
−$13.3K −$13.59/SF
NOI
$16.2K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,340
Cap Rate 7%
$231,671
Cap Rate 9%
$180,189
Alternative Uses
Best Use
Apartment 5plus
$231.7K
$202.7K – $270.3K
NOI $16,217 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.0K
$439.3K – $585.7K
NOI $35,142 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,163
Businesses Nearby
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Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence featuring garage parking, high ceilings, and direct access to a private patio.
Where is this residential income property located?
The property is located at 2035 2ND STREET NW Unit GL08 Washington, DC.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium residence; Private patio with access from the living room; Garage parking included
