Two-Bedroom
For Sale
$339,900
2401 H STREET NW Unit 509, Washington, DC 20037
An in-place tenant remains through July 2027, and the unit features a renovated kitchen and original parquet flooring.
Property Size618 SF
Price / SF$550
Days on Market140
Property Features for 2401 H STREET NW Unit 509
General Information
Standard status
Active
Size
618 SF
Property subtype
Unit/Flat/Apartment
Financials
Gross Income
$40,800
Average Monthly Rent
$3,400
Site & Location
Neighborhood
Foggy Bottom
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,256
Building Details
Building Size
618 SF
Year Built
1960
Tenancy
Single
Listing Agency:
LPT Realty, LLC
Listed By:
Vishal Gathani · License #SP200205818
(202) 556-3977
Source:
Canopy-re
Added: Jun 12
Changed: Oct 26
Last Checked: Oct 26 at 1:22PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This 618-square-foot condominium has two bedrooms and one bathroom. The kitchen has been renovated and includes stainless-steel appliances and modern cabinetry. Original parquet flooring adds character to the living spaces, while wide windows in both bedrooms bring in natural light. The building dates to 1960, and a tenant is in place through July 2027.
The property is at 2401 H Street NW, half a block from Foggy Bottom Metro Station, served by the Blue, Orange, and Silver lines. George Washington University's Amsterdam Hall is on the same block; the university's Science and Engineering Building and a Whole Foods are two blocks away. The U.S. State Department, IMF, World Bank, Trader Joe's, and GW Law School are also within walking distance. The White House and National Mall are each described as half a mile away.
The property is at 2401 H Street NW, half a block from Foggy Bottom Metro Station, served by the Blue, Orange, and Silver lines. George Washington University's Amsterdam Hall is on the same block; the university's Science and Engineering Building and a Whole Foods are two blocks away. The U.S. State Department, IMF, World Bank, Trader Joe's, and GW Law School are also within walking distance. The White House and National Mall are each described as half a mile away.
Key Highlights
- Two‑bedroom, one‑bathroom condominium with 618 SF
- Tenant in place through July 2027
- Renovated kitchen with stainless‑steel appliances and modern cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,268
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,360
$205.4K
Cap Rate 7%
$146,686
$146.7K
Cap Rate 9%
$114,089
$114.1K
Market Conditions
NOI Build-Up for 618 SF
Gross rent
$19.7K $31.80/SF
− Vacancy
−$983 −$1.59/SF
EGI
$18.7K $30.21/SF
− OpEx
−$8.4K −$13.59/SF
NOI
$10.3K $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%
$205,360
Cap Rate 7%
$146,686
Cap Rate 9%
$114,089
Alternative Uses
Best Use
Apartment 5plus
$146.7K
$128.4K – $171.1K
NOI $10,268 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.9K
$278.2K – $370.9K
NOI $22,252 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
16,660
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 - An in-place tenant remains through July 2027, and the unit features a renovated kitchen and original parquet flooring.
Where is this residential income property located?
The property is located at 2401 H STREET NW Unit 509 Washington, DC.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom condominium with 618 SF; Tenant in place through July 2027; Renovated kitchen with stainless‑steel appliances and modern cabinetry
