Updated Studio Income
For Sale
$229,000
2141 I STREET NW Unit 210, Washington, DC 20037
Studio condominium with separated living and sleeping zones, generous storage, and full-time front-desk staffing.
Property Size405 SF
Days on Market78
Property Features for 2141 I STREET NW Unit 210
General Information
Standard status
Active
Size
405 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Foggy Bottom
Taxes and HOA fees
Annual Taxes
$1,805
Building Details
Building Size
405 SF
Year Built
1974
Listing Agency:
Houwzer, LLC
Listed By:
Pamela Debnam · License #SP200200774
(252) 903-3616
Source:
Kwcapitalproperties
Added: Aug 15
Changed: Oct 25
Last Checked: Oct 30 at 7:26PM
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 Houwzer, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This updated studio condominium offers 405 square feet with a layout that distinguishes the living and sleeping areas while retaining an open feel. Luxury vinyl plank flooring extends throughout, and the smooth ceiling adds to the refreshed interior. A built-in bookshelf and half wall create separation and provide display and storage space, while the walk-in closet adds substantial everyday storage. The building also provides a staffed front desk 24 hours a day, 7 days a week.
The residence is in Foggy Bottom, near The George Washington University School of Medicine & Health Sciences and George Washington University Hospital. Foggy Bottom-GWU Metro Station, Whole Foods Market, Trader Joe's, Western Market, Tatte Bakery & Cafe, Sweetgreen, CIRCA at Foggy Bottom, and additional restaurants, cafés, fitness studios, and shops are nearby. The Kennedy Center, Georgetown Waterfront, National Mall, and Smithsonian museums are also within minutes. The condominium was built in 1974.
The residence is in Foggy Bottom, near The George Washington University School of Medicine & Health Sciences and George Washington University Hospital. Foggy Bottom-GWU Metro Station, Whole Foods Market, Trader Joe's, Western Market, Tatte Bakery & Cafe, Sweetgreen, CIRCA at Foggy Bottom, and additional restaurants, cafés, fitness studios, and shops are nearby. The Kennedy Center, Georgetown Waterfront, National Mall, and Smithsonian museums are also within minutes. The condominium was built in 1974.
Key Highlights
- 405 sq. ft. updated studio condominium
- 24 X 7 staffed front desk
- Distinct living and sleeping areas created by a half wall and built‑in bookshelf
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,729
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$134,580
$134.6K
Cap Rate 7%
$96,129
$96.1K
Cap Rate 9%
$74,767
$74.8K
Market Conditions
NOI Build-Up for 405 SF
Gross rent
$12.9K $31.80/SF
− Vacancy
−$644 −$1.59/SF
EGI
$12.2K $30.21/SF
− OpEx
−$5.5K −$13.59/SF
NOI
$6.7K $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%
$134,580
Cap Rate 7%
$96,129
Cap Rate 9%
$74,767
Alternative Uses
Best Use
Apartment 5plus
$96.1K
$84.1K – $112.2K
NOI $6,729 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.3K
$182.3K – $243.0K
NOI $14,582 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Studio condominium with separated living and sleeping zones, generous storage, and full-time front-desk staffing.
Where is this residential income property located?
The property is located at 2141 I STREET NW Unit 210 Washington, DC.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 405 sq. ft. updated studio condominium; 24 X 7 staffed front desk; Distinct living and sleeping areas created by a half wall and built‑in bookshelf
