Magnificent Georgian Revival
For Sale
$9,750,000
2040 S St NW, Washington, DC 20009
Rare opportunity: grand residence or commercial mixed-use in Washington, D.C.
Property Size17,010 SF
Lot Size0.14 Acres
Days on Market313
Property Features for 2040 S St NW
General Information
Standard status
Active
Size
17,010 SF
Lot size
0.14 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$162,915
Building Details
Building Size
17,010 SF
Year Built
1905
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Michael W Rankin · License #33981
(202) 271-3344
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 26
Last Checked: Oct 5 at 5:07PM
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
Investment Insights
Based on property information with market context.
This is a rare opportunity to own one of Washington's magnificent Georgian revival mansions. Known as Jewett House, it was built within close proximity to other stately residences in Kalorama and Embassy Row. The generously scaled rooms are stunning with high ceilings, detailed moldings, and oversized windows. The elegant three-story residence was constructed with detailed brick and limestone and an impressive clay tile roof. Previously used as a grand residence for sophisticated entertaining, the building is configured with offices, conference rooms, and a substantial boardroom. The mixed-use zoning could allow for numerous residential and commercial uses such as a residence and family office, a Think Tank with housing for guests or patrons, or a diplomatic residence with offices. The main entrance is located at 2040 S Street. The annex and commercial entrances are at 1742 Connecticut Ave and 1737 21st Street. This opportunity is rarely available in Washington, D.C.
Key Highlights
- Rare opportunity to own the magnificent Georgian revival Jewett House in a prime location near Kalorama and Embassy Row.
- Mixed‑use zoning allows for numerous residential and commercial possibilities.
- Generously scaled rooms with high ceilings and detailed moldings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$483,519
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,670,380
$9.7M
Cap Rate 7%
$6,907,414
$6.9M
Cap Rate 9%
$5,372,433
$5.4M
Market Conditions
NOI Build-Up for 17,010 SF
Gross rent
$767.5K $45.12/SF
− Vacancy
−$122.8K −$7.22/SF
EGI
$644.7K $37.90/SF
− OpEx
−$161.2K −$9.48/SF
NOI
$483.5K $28.43/SF
Area
ZIP 20009
Vacancy
16.00%
Lease Rate
$45.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,670,380
Cap Rate 7%
$6,907,414
Cap Rate 9%
$5,372,433
Alternative Uses
Best Use
Office B
$6.91M
$6.04M – $8.06M
NOI $483,519 @ 7.0% cap · market cap 4.96%
Second Best
Mixed Use
$4.91M
$4.29M – $5.72M
NOI $343,463 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$8.75M
$7.66M – $10.21M
NOI $612,458 @ 7.0% cap · market cap 6.28%
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
6,041
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Washington, DC
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Frequently Asked Questions
What type of property is this?
Office building - Rare opportunity: grand residence or commercial mixed-use in Washington, D.C.
Where is this office building located?
The property is located at 2040 S St NW Washington, DC.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: Rare opportunity to own the magnificent Georgian revival Jewett House in a prime location near Kalorama and Embassy Row.; Mixed‑use zoning allows for numerous residential and commercial possibilities.; Generously scaled rooms with high ceilings and detailed moldings.
