Two-Level Residential Income
For Sale
$789,900
2363 CHAMPLAIN STREET NW Unit 3, Washington, DC 20009
A two-level condominium offers a private patio, fireplace, and additional den space in Adams Morgan.
Property Size1,540 SF
Price / SF$512.92
Days on Market75
Property Features for 2363 CHAMPLAIN STREET NW Unit 3
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR+Den/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,978
Amenities
fireplace
private patio
Building Details
Building Size
1,540 SF
Year Built
2001
Listing Agency:
Compass
Listed By:
Katri I Hunter · License #SP98373111
(650) 888-5623
Source:
Barnesrealestatecompany
Added: Aug 5
Changed: Oct 17
Last Checked: Oct 16 at 4:29PM
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 Compass
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Investment Insights
Based on property information with market context.
This two-level condominium at Orlovon Lofts contains 1,540 square feet, with two bedrooms plus a den that can serve as a third bedroom and 2.5 bathrooms. The main living area includes a fireplace, and the residence also features substantial storage and a private patio. Built in 2001, the property is located at 2363 Champlain Street NW in Washington, DC.
The home is in Adams Morgan, near 18th Street, neighborhood markets, and restaurants. The seller has arranged rental parking just outside the patio entrance.
The home is in Adams Morgan, near 18th Street, neighborhood markets, and restaurants. The seller has arranged rental parking just outside the patio entrance.
Key Highlights
- 1,540‑square‑foot, two‑level condominium
- Two bedrooms plus a den that can function as a third bedroom; 2.5 bathrooms
- Private patio and fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,968
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,360
$599.4K
Cap Rate 7%
$428,114
$428.1K
Cap Rate 9%
$332,978
$333.0K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$57.8K $37.56/SF
− Vacancy
−$3.4K −$2.18/SF
EGI
$54.5K $35.38/SF
− OpEx
−$24.5K −$15.92/SF
NOI
$30.0K $19.46/SF
Area
ZIP 20009
Vacancy
5.80%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,360
Cap Rate 7%
$428,114
Cap Rate 9%
$332,978
Alternative Uses
Best Use
Apartment 5plus
$428.1K
$374.6K – $499.5K
NOI $29,968 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$792.1K
$693.1K – $924.2K
NOI $55,449 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-level condominium offers a private patio, fireplace, and additional den space in Adams Morgan.
Where is this residential income property located?
The property is located at 2363 CHAMPLAIN STREET NW Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: 1,540‑square‑foot, two‑level condominium; Two bedrooms plus a den that can function as a third bedroom; 2.5 bathrooms; Private patio and fireplace
