One-Bedroom Residential Income
For Sale
$275,000
2201 L STREET NW Unit T1, Washington, DC 20037
Updated condominium with a flexible layout, dedicated office nook, modern kitchen, and access to full-service building amenities.
Property Size711 SF
Days on Market104
Property Features for 2201 L STREET NW Unit T1
General Information
Standard status
Active
Size
711 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
West End
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,969
Amenities
24-hour concierge
rooftop pool
fitness center
Building Details
Building Size
711 SF
Year Built
1967
Listing Agency:
Renter's Warehouse DC
Listed By:
Sheila Scholl · License #BR98377570
(612) 743-3543
Source:
Kwcapitalproperties
Added: Jul 20
Changed: Oct 31
Last Checked: Oct 30 at 11:28PM
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 Renter's Warehouse DC
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Investment Insights
Based on property information with market context.
This one-bedroom condominium at The Carriage House offers a generously sized living and dining area, a dedicated office nook, updated kitchen and bathroom finishes, luxury vinyl plank flooring, and substantial closet space. The kitchen is equipped with double wall ovens, a gas cooktop, dishwasher, and breakfast bar. The full bathroom includes a tub and shower. Built in 1967, the building provides a 24-hour concierge, rooftop pool, and fitness center. A deeded, assigned garage parking space is available for purchase, and the owner will pay up to 3 months of HOA fees.
The residence is located at 2201 L STREET NW Unit: T1 in Washington, DC 20037, within the West End. Foggy Bottom Metro, George Washington University, Georgetown, Whole Foods, Trader Joe's, the Kennedy Center, restaurants, shops, and downtown employers are all described as walkable from the property.
The residence is located at 2201 L STREET NW Unit: T1 in Washington, DC 20037, within the West End. Foggy Bottom Metro, George Washington University, Georgetown, Whole Foods, Trader Joe's, the Kennedy Center, restaurants, shops, and downtown employers are all described as walkable from the property.
Key Highlights
- One‑bedroom condominium with a spacious living and dining area
- Updated kitchen with double wall ovens, gas cooktop, dishwasher, and breakfast bar
- Dedicated office nook, luxury vinyl plank flooring, and extensive closet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,814
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,280
$236.3K
Cap Rate 7%
$168,771
$168.8K
Cap Rate 9%
$131,267
$131.3K
Market Conditions
NOI Build-Up for 711 SF
Gross rent
$22.6K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.5K $30.21/SF
− OpEx
−$9.7K −$13.59/SF
NOI
$11.8K $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%
$236,280
Cap Rate 7%
$168,771
Cap Rate 9%
$131,267
Alternative Uses
Best Use
Apartment 5plus
$168.8K
$147.7K – $196.9K
NOI $11,814 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.7K
$320.0K – $426.7K
NOI $25,600 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
22,587
Businesses Nearby
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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 - Updated condominium with a flexible layout, dedicated office nook, modern kitchen, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 2201 L STREET NW Unit T1 Washington, DC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: One‑bedroom condominium with a spacious living and dining area; Updated kitchen with double wall ovens, gas cooktop, dishwasher, and breakfast bar; Dedicated office nook, luxury vinyl plank flooring, and extensive closet space
