Residential Income Studio
For Sale
$289,000
Pending
2500 Q STREET NW Unit 449, Washington, DC 20007
Renovated studio unit in Gateway Georgetown Condominiums with east-facing windows, rooftop deck amenities, and utilities covered except cable/internet.
Property Size899 SF
Days on Market93
Property Features for 2500 Q STREET NW Unit 449
General Information
Standard status
Pending
Size
899 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Sheridan-Kalorama
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,938
Amenities
fully equipped gym
laundry room
rooftop deck
24-hour front desk
Amazon lockers
in-house maintenance
parking garage
additional storage
pet friendly
Building Details
Building Size
899 SF
Year Built
1942
Listing Agency:
EXP Realty, LLC
Listed By:
Sunita Bali · License #650011
(301) 984-7108
Source:
Kwcapitalproperties
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 28 at 3:44PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Unit 410 at 2500 Q Street NW is a renovated studio residence within Gateway Georgetown Condominiums. The unit has approximately 542 square feet and was completely transformed with premium finishes, including a custom kitchen with quartz countertops and high-end stainless-steel appliances, as well as an upgraded bathroom. The interior layout is designed for flexible use, with space for a living area, a full-size Murphy bed, a dedicated dining alcove, and a work-from-home desk setup. An additional bonus room adds versatility for use as a walk-in closet, dressing room, or storage. Multiple walk-in closets are fitted with Elfa shelving, and the unit features large east-facing windows providing morning light and treetop views.
Building amenities include a fully equipped gym, a laundry room, and an expansive rooftop deck with panoramic city skyline views. A 24-hour managed front desk is available for greeting guests and handling packages, and the building offers access to convenient Amazon lockers. In-house maintenance, a parking garage, and additional storage when available are also part of the community.
The building is pet friendly. The low condo fee includes all utilities except cable/internet, and the property was built in 1942.
Building amenities include a fully equipped gym, a laundry room, and an expansive rooftop deck with panoramic city skyline views. A 24-hour managed front desk is available for greeting guests and handling packages, and the building offers access to convenient Amazon lockers. In-house maintenance, a parking garage, and additional storage when available are also part of the community.
The building is pet friendly. The low condo fee includes all utilities except cable/internet, and the property was built in 1942.
Key Highlights
- Renovated studio Unit 410 with approximately 542 square feet
- Custom kitchen with quartz countertops and high‑end stainless‑steel appliances
- Upgraded bathroom plus bonus room for flexible storage or closet use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,006
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,120
$180.1K
Cap Rate 7%
$128,657
$128.7K
Cap Rate 9%
$100,067
$100.1K
Market Conditions
NOI Build-Up for 542 SF
Gross rent
$17.2K $31.80/SF
− Vacancy
−$862 −$1.59/SF
EGI
$16.4K $30.21/SF
− OpEx
−$7.4K −$13.59/SF
NOI
$9.0K $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%
$180,120
Cap Rate 7%
$128,657
Cap Rate 9%
$100,067
Alternative Uses
Best Use
Apartment 5plus
$128.7K
$112.6K – $150.1K
NOI $9,006 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.8K
$243.9K – $325.3K
NOI $19,515 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
16,715
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated studio unit in Gateway Georgetown Condominiums with east-facing windows, rooftop deck amenities, and utilities covered except cable/internet.
Where is this residential income property located?
The property is located at 2500 Q STREET NW Unit 449 Washington, DC.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Renovated studio Unit 410 with approximately 542 square feet; Custom kitchen with quartz countertops and high‑end stainless‑steel appliances; Upgraded bathroom plus bonus room for flexible storage or closet use
