Residential Income Property with
For Sale
$799,900
2040 BELMONT ROAD NW Unit 606, Washington, DC 20009
A three-bedroom residence in the 1928 Valley Vista includes a fireplace, sunroom, dedicated parking, and extensive storage.
Property Size1,893 SF
Days on Market13
Property Features for 2040 BELMONT ROAD NW Unit 606
General Information
Standard status
Active
Size
1,893 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,785
Amenities
front desk concierge
pet-friendly community
bicycle storage
secure package room
community laundry facility
wood-burning fireplace
Building Details
Building Size
1,893 SF
Year Built
1928
Construction
Art Deco
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Sandi Mujanovic · License #SP98376368
(202) 271-8807
Source:
Kwcapitalproperties
Added: Oct 7
Changed: Oct 17
Last Checked: Oct 16 at 6:17PM
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 three-bedroom residence occupies a former combination of two units in the Valley Vista, an Art Deco building constructed in 1928. The home includes a large living room with a wood-burning fireplace, a separate formal dining room, and a sunroom overlooking the tree canopy of Rock Creek Park. Two bedrooms and one bathroom are in the south wing; a separate north wing has another bedroom and bathroom. The eat-in kitchen is functional, and a gallery off the foyer provides additional flexible space. Closets offer substantial storage.
Building amenities include a front desk concierge, bicycle storage, a secure package room, and a community laundry facility. The unit has a dedicated parking space. Rock Creek Park, Kalorama Park, the Red Line Metro, and dining, shopping, and cultural destinations in Adams Morgan and Dupont Circle are within easy reach.
Building amenities include a front desk concierge, bicycle storage, a secure package room, and a community laundry facility. The unit has a dedicated parking space. Rock Creek Park, Kalorama Park, the Red Line Metro, and dining, shopping, and cultural destinations in Adams Morgan and Dupont Circle are within easy reach.
Key Highlights
- Three‑bedroom residence formed by combining a two‑bedroom and a one‑bedroom unit
- Valley Vista, an Art Deco building built in 1928
- Wood‑burning fireplace and sunroom overlooking Rock Creek Park's tree canopy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,837
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,740
$736.7K
Cap Rate 7%
$526,243
$526.2K
Cap Rate 9%
$409,300
$409.3K
Market Conditions
NOI Build-Up for 1,893 SF
Gross rent
$71.1K $37.56/SF
− Vacancy
−$4.1K −$2.18/SF
EGI
$67.0K $35.38/SF
− OpEx
−$30.1K −$15.92/SF
NOI
$36.8K $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%
$736,740
Cap Rate 7%
$526,243
Cap Rate 9%
$409,300
Alternative Uses
Best Use
Apartment 5plus
$526.2K
$460.5K – $614.0K
NOI $36,837 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$973.7K
$852.0K – $1.14M
NOI $68,159 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
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 - A three-bedroom residence in the 1928 Valley Vista includes a fireplace, sunroom, dedicated parking, and extensive storage.
Where is this residential income property located?
The property is located at 2040 BELMONT ROAD NW Unit 606 Washington, DC.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three‑bedroom residence formed by combining a two‑bedroom and a one‑bedroom unit; Valley Vista, an Art Deco building built in 1928; Wood‑burning fireplace and sunroom overlooking Rock Creek Park's tree canopy
