Residential Condo Unit with Wood
For Sale
$399,900
2500 Q STREET NW Unit 434, Washington, DC 20007
The condo association fee covers all utilities, and bathroom plumbing replacement is scheduled for this spring.
Property Size1,143 SF
Days on Market14
Property Features for 2500 Q STREET NW Unit 434
General Information
Standard status
Active
Size
1,143 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,437
Building Details
Building Size
1,143 SF
Year Built
1942
Listing Agency:
ANR Realty, LLC
Listed By:
Ana Lucia Ron · License #PB98362267
(877) 328-4400
Source:
Kwcapitalproperties
Added: Sep 23
Changed: Oct 3
Last Checked: Oct 5 at 10:10PM
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 ANR Realty, LLC
Investment Insights
Based on property information with market context.
This fourth-floor condominium unit features wood flooring and generously sized bedrooms. The building dates to 1942, and plumbing in both bathrooms is scheduled for replacement this spring. The unit is being sold as-is. A parking space may be offered separately by the owner; it is not included as part of the unit sale based on the available details.
The property is situated between Georgetown, Dupont Circle, and the West End. Nearby destinations include Dupont Circle Metro, Georgetown shops and restaurants, Rose Park, Rock Creek Park, and the Georgetown waterfront. Walking and biking trails, public transportation, and major commuter routes are also accessible from the area.
The property is situated between Georgetown, Dupont Circle, and the West End. Nearby destinations include Dupont Circle Metro, Georgetown shops and restaurants, Rose Park, Rock Creek Park, and the Georgetown waterfront. Walking and biking trails, public transportation, and major commuter routes are also accessible from the area.
Key Highlights
- Fourth‑floor condo unit with wood floors and generously sized bedrooms
- Condo association fee includes all utilities
- Bathroom plumbing replacement scheduled in both bathrooms for this spring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,992
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,840
$379.8K
Cap Rate 7%
$271,314
$271.3K
Cap Rate 9%
$211,022
$211.0K
Market Conditions
NOI Build-Up for 1,143 SF
Gross rent
$36.3K $31.80/SF
− Vacancy
−$1.8K −$1.59/SF
EGI
$34.5K $30.21/SF
− OpEx
−$15.5K −$13.59/SF
NOI
$19.0K $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%
$379,840
Cap Rate 7%
$271,314
Cap Rate 9%
$211,022
Alternative Uses
Best Use
Apartment 5plus
$271.3K
$237.4K – $316.5K
NOI $18,992 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.9K
$514.4K – $685.9K
NOI $41,155 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16,715
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo association fee covers all utilities, and bathroom plumbing replacement is scheduled for this spring.
Where is this residential income property located?
The property is located at 2500 Q STREET NW Unit 434 Washington, DC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Fourth‑floor condo unit with wood floors and generously sized bedrooms; Condo association fee includes all utilities; Bathroom plumbing replacement scheduled in both bathrooms for this spring
