Studio Residential Income
For Sale
$224,750
2141 I STREET NW Unit 402, Washington, DC 20037
Picture windows and wood flooring support flexible living, dining, and sleeping areas in a professionally managed building.
Property Size435 SF
Days on Market19
Property Features for 2141 I STREET NW Unit 402
General Information
Standard status
Active
Size
435 SF
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,898
Amenities
24-hour front desk
controlled entry
on-site management
laundry facilities
Building Details
Building Size
435 SF
Year Built
1974
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Robert Carter · License #BR698878
(202) 851-1400
Source:
Kwcapitalproperties
Added: Sep 20
Changed: Oct 8
Last Checked: Oct 7 at 5:01PM
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.
Unit 402 is a studio residence with picture windows, wood flooring, and a layout that separates living, dining, and sleeping areas. The arrangement creates distinct zones within the home while retaining an open interior suitable for daily living, entertaining, or working from home. The property was built in 1974.
Located in Foggy Bottom at 2141 I Street NW, the residence is near dining, shopping, Metro access, and central Washington, DC destinations. The President provides controlled entry, elevator service, on-site management, laundry facilities, and a 24-hour front desk for residents.
Located in Foggy Bottom at 2141 I Street NW, the residence is near dining, shopping, Metro access, and central Washington, DC destinations. The President provides controlled entry, elevator service, on-site management, laundry facilities, and a 24-hour front desk for residents.
Key Highlights
- Studio layout with defined living, dining, and sleeping areas
- Expansive picture windows and wood flooring
- Located in Foggy Bottom near dining, shopping, and Metro access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,228
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$144,560
$144.6K
Cap Rate 7%
$103,257
$103.3K
Cap Rate 9%
$80,311
$80.3K
Market Conditions
NOI Build-Up for 435 SF
Gross rent
$13.8K $31.80/SF
− Vacancy
−$692 −$1.59/SF
EGI
$13.1K $30.21/SF
− OpEx
−$5.9K −$13.59/SF
NOI
$7.2K $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%
$144,560
Cap Rate 7%
$103,257
Cap Rate 9%
$80,311
Alternative Uses
Best Use
Apartment 5plus
$103.3K
$90.4K – $120.5K
NOI $7,228 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$223.8K
$195.8K – $261.1K
NOI $15,663 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
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 - Picture windows and wood flooring support flexible living, dining, and sleeping areas in a professionally managed building.
Where is this residential income property located?
The property is located at 2141 I STREET NW Unit 402 Washington, DC.
What is the asking price?
The asking price for this property is $224,750.
What are key features of this property?
This property features: Studio layout with defined living, dining, and sleeping areas; Expansive picture windows and wood flooring; Located in Foggy Bottom near dining, shopping, and Metro access
