Residential Income Property with
For Sale
$619,900
233 S STREET NE Unit 5, Washington, DC 20002
Penthouse residence with two private bedroom suites, dedicated parking, storage, and a spacious outdoor living area.
Property Size1,235 SF
Price / SF$501.94
Days on Market146
Property Features for 233 S STREET NE Unit 5
General Information
Standard status
Active
Size
1,235 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Asking Price
$639,900
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,800
Amenities
private balcony
dedicated off-street parking
private storage
pet-friendly building
washer/dryer
Building Details
Building Size
1,235 SF
Year Built
2015
Listing Agency:
Samson Properties
Listed By:
Alleyah M. Miner · License #SP200201607
(240) 416-5488
Source:
Kerishull
Added: May 14
Changed: Oct 3
Last Checked: Oct 5 at 10:21PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This penthouse residence combines a vaulted open-concept living area with a kitchen featuring stainless steel appliances, extensive cabinetry, preparation space, and a center island with breakfast-bar seating. The home includes two bedroom suites arranged at opposite ends for added separation, each with a bay window and en suite bathroom. The primary suite opens directly to an oversized private balcony and includes a double-vanity bath. A powder room, dedicated off-street parking space, and private storage unit add practical functionality. Recent improvements include a washer and dryer, refrigerator, and dishwasher installed within the past 12 months.
The property is located at 233 S Street NE in Washington, DC, within a boutique condominium building completed in 2015. Water, exterior maintenance, and snow removal are included through the condominium association. The Metropolitan Branch Trail is one block away, with Union Market, NoMa Metro, Alethia Tanner Park, neighborhood restaurants, coffee shops, fitness studios, and Metrobar also identified in the surrounding area.
The property is located at 233 S Street NE in Washington, DC, within a boutique condominium building completed in 2015. Water, exterior maintenance, and snow removal are included through the condominium association. The Metropolitan Branch Trail is one block away, with Union Market, NoMa Metro, Alethia Tanner Park, neighborhood restaurants, coffee shops, fitness studios, and Metrobar also identified in the surrounding area.
Key Highlights
- 1,235 SF penthouse residence with two bedroom suites
- Oversized private balcony accessible from the primary suite
- Dedicated off‑street parking and large private storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,026
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,520
$420.5K
Cap Rate 7%
$300,371
$300.4K
Cap Rate 9%
$233,622
$233.6K
Market Conditions
NOI Build-Up for 1,235 SF
Gross rent
$40.8K $33.00/SF
− Vacancy
−$2.5K −$2.05/SF
EGI
$38.2K $30.95/SF
− OpEx
−$17.2K −$13.93/SF
NOI
$21.0K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,520
Cap Rate 7%
$300,371
Cap Rate 9%
$233,622
Alternative Uses
Best Use
Apartment 5plus
$300.4K
$262.8K – $350.4K
NOI $21,026 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$637.6K
$557.9K – $743.9K
NOI $44,634 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Penthouse residence with two private bedroom suites, dedicated parking, storage, and a spacious outdoor living area.
Where is this residential income property located?
The property is located at 233 S STREET NE Unit 5 Washington, DC.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: 1,235 SF penthouse residence with two bedroom suites; Oversized private balcony accessible from the primary suite; Dedicated off‑street parking and large private storage unit
