Residential Income Property with
For Sale
$1,499,900
206 MORGAN STREET NW, Washington, DC 20001
A 2020-built property offers central air, an open floorplan, and a balcony.
Property Size3,904 SF
Price / SF$418.50
Days on Market35
Property Features for 206 MORGAN STREET NW
General Information
Standard status
Active
Size
3,904 SF
Property subtype
Residential Income
Zoning
RESIDENTIAL
Taxes and HOA fees
Annual Taxes
$13,493
Amenities
Sidewalks, Street Lights
Central Air, Electric
Central
Finished, Exterior Entry, Walk-Out Access, Daylight, Partial, Interior Entry
Cooktop, Electric Water Heater, Dishwasher, Disposal, Refrigerator, Microwave
Kitchen Island, Recessed Lighting, Open Floorplan
Concrete, Off Street, On Street, Private, Secured
Balcony
Traditional
Building Details
Building Size
3,904 SF
Year Built
2020
Stories
4
Listing Agency:
Keller Williams Capital Prop.
Listed By:
Tom J Kavanagh
(703) 966-8466
Source:
Evrealestate
Added: Sep 14
Changed: Oct 16
Last Checked: Oct 16 at 8:21AM
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 Keller Williams Capital Prop.
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Investment Insights
Based on property information with market context.
Built in 2020, this residential income property contains 3,584 square feet. Interior features include central air, an open floorplan, a kitchen island, and recessed lighting. The kitchen is equipped with an electric cooktop, dishwasher, disposal, refrigerator, microwave, and electric water heater. A balcony is also part of the property.
The property is on Morgan Street NW, between 3rd Street NW and Kirby Street NW, off NY Avenue. Zoning is residential. Parking features include off-street and on-street options, with private and secured parking also noted.
The property is on Morgan Street NW, between 3rd Street NW and Kirby Street NW, off NY Avenue. Zoning is residential. Parking features include off-street and on-street options, with private and secured parking also noted.
Key Highlights
- 3,584‑square‑foot residential income property
- Built in 2020
- Central air and open floorplan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,550
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,000
$1.2M
Cap Rate 7%
$850,714
$850.7K
Cap Rate 9%
$661,667
$661.7K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$114.0K $31.80/SF
− Vacancy
−$5.7K −$1.59/SF
EGI
$108.3K $30.21/SF
− OpEx
−$48.7K −$13.59/SF
NOI
$59.5K $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%
$1,191,000
Cap Rate 7%
$850,714
Cap Rate 9%
$661,667
Alternative Uses
Best Use
Apartment 5plus
$850.7K
$744.4K – $992.5K
NOI $59,550 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,045 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,864
Businesses Nearby
Explore this area
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 - A 2020-built property offers central air, an open floorplan, and a balcony.
Where is this residential income property located?
The property is located at 206 MORGAN STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: 3,584‑square‑foot residential income property; Built in 2020; Central air and open floorplan
