Studio Residence with Full
For Sale
$218,000
2141 I STREET NW Unit 104, Washington, DC 20037
A walk-in closet and shower complement the separate kitchen and bright interior.
Property Size394 SF
Days on Market21
Property Features for 2141 I STREET NW Unit 104
General Information
Standard status
Active
Size
394 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,769
Amenities
24-hour front desk/concierge service
Building Details
Building Size
394 SF
Year Built
1974
Construction
Art Deco
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Fady Zaki · License #SP40004205
(540) 907-6435
Source:
Kwcapitalproperties
Added: Sep 29
Changed: Oct 12
Last Checked: Oct 16 at 4:43PM
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 studio residence at 2141 I Street NW includes a separate full kitchen, a walk-in closet, and a bathroom with a walk-in shower. Natural light reaches the interior, with views toward a park across the street. A recently installed heating and cooling system serves the unit.
The residence is in a 1974 Art Deco building with 24-hour front desk and concierge service. George Washington University, the World Bank, the IMF, the State Department, and the Foggy Bottom-GWU Metro station are nearby. Whole Foods is across the street; Tatte and Trader Joe’s are also close by.
The residence is in a 1974 Art Deco building with 24-hour front desk and concierge service. George Washington University, the World Bank, the IMF, the State Department, and the Foggy Bottom-GWU Metro station are nearby. Whole Foods is across the street; Tatte and Trader Joe’s are also close by.
Key Highlights
- Studio with separate full kitchen
- Walk‑in closet and bathroom with walk‑in shower
- Recently installed heating and cooling system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,547
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,940
$130.9K
Cap Rate 7%
$93,529
$93.5K
Cap Rate 9%
$72,744
$72.7K
Market Conditions
NOI Build-Up for 394 SF
Gross rent
$12.5K $31.80/SF
− Vacancy
−$626 −$1.59/SF
EGI
$11.9K $30.21/SF
− OpEx
−$5.4K −$13.59/SF
NOI
$6.5K $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%
$130,940
Cap Rate 7%
$93,529
Cap Rate 9%
$72,744
Alternative Uses
Best Use
Apartment 5plus
$93.5K
$81.8K – $109.1K
NOI $6,547 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$202.7K
$177.3K – $236.4K
NOI $14,186 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
20,362
Businesses Nearby
Explore this area
Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A walk-in closet and shower complement the separate kitchen and bright interior.
Where is this residential income property located?
The property is located at 2141 I STREET NW Unit 104 Washington, DC.
What is the asking price?
The asking price for this property is $218,000.
What are key features of this property?
This property features: Studio with separate full kitchen; Walk‑in closet and bathroom with walk‑in shower; Recently installed heating and cooling system
