Fourth-Floor Residential Income
New
For Sale
$285,000
2201 L STREET NW Unit 409, Washington, DC 20037
The studio has hardwood flooring, a functional kitchen, and a full bathroom.
Property Size490 SF
Days on Market6
Property Features for 2201 L STREET NW Unit 409
General Information
Standard status
Active
Size
490 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
West End
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,265
Amenities
24/7 concierge
on-site management
rooftop pool
Building Details
Building Size
490 SF
Year Built
1967
Listing Agency:
Keller Williams Realty
Listed By:
Aleksandar Pachedzhiev · License #SP98368125
(202) 361-1717
Source:
Kwcapitalproperties
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 25 at 2:31AM
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 Realty
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Investment Insights
Based on property information with market context.
This fourth-floor studio at The Carriage House has an open layout, hardwood floors, a kitchen, and a full bathroom. The building was constructed in 1967 and includes a 24-hour concierge, on-site management, and a rooftop pool. Utilities are included in the condo fee.
The property is in Washington, DC, near the World Bank, IMF, and George Washington University. Georgetown, Dupont Circle, Metro stations, restaurants, shopping, and downtown DC are also nearby.
The property is in Washington, DC, near the World Bank, IMF, and George Washington University. Georgetown, Dupont Circle, Metro stations, restaurants, shopping, and downtown DC are also nearby.
Key Highlights
- Fourth‑floor studio with an open layout
- Hardwood floors, kitchen, and full bathroom
- Building constructed in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,142
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,840
$162.8K
Cap Rate 7%
$116,314
$116.3K
Cap Rate 9%
$90,467
$90.5K
Market Conditions
NOI Build-Up for 490 SF
Gross rent
$15.6K $31.80/SF
− Vacancy
−$779 −$1.59/SF
EGI
$14.8K $30.21/SF
− OpEx
−$6.7K −$13.59/SF
NOI
$8.1K $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%
$162,840
Cap Rate 7%
$116,314
Cap Rate 9%
$90,467
Alternative Uses
Best Use
Apartment 5plus
$116.3K
$101.8K – $135.7K
NOI $8,142 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.0K
$220.5K – $294.1K
NOI $17,643 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
22,587
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 - The studio has hardwood flooring, a functional kitchen, and a full bathroom.
Where is this residential income property located?
The property is located at 2201 L STREET NW Unit 409 Washington, DC.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Fourth‑floor studio with an open layout; Hardwood floors, kitchen, and full bathroom; Building constructed in 1967
