Residential Income Property with Garage
For Sale
$399,000
2500 Q STREET NW Unit 504, Washington, DC 20007
The one-bedroom residence includes a dedicated garage parking space and overlooks Rock Creek Park.
Property Size837 SF
Price / SF$476.70
Days on Market145
Property Features for 2500 Q STREET NW Unit 504
General Information
Standard status
Active
Size
837 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Sheridan-Kalorama
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,932
Building Details
Building Size
837 SF
Year Built
1942
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jun 8
Changed: Oct 27
Last Checked: Oct 26 at 2:35PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 837-square-foot condominium has one bedroom and one bathroom, with a garage parking space identified as P-60. The building dates to 1942, and the unit looks out over Rock Creek Park.
The residence is in Georgetown, near shops, restaurants, cultural attractions, and trails in Rock Creek Park.
The residence is in Georgetown, near shops, restaurants, cultural attractions, and trails in Rock Creek Park.
Key Highlights
- 837‑square‑foot condominium with one bedroom and one bathroom
- Garage parking space P‑60 included
- Unit overlooks Rock Creek Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,907
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,140
$278.1K
Cap Rate 7%
$198,671
$198.7K
Cap Rate 9%
$154,522
$154.5K
Market Conditions
NOI Build-Up for 837 SF
Gross rent
$26.6K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$25.3K $30.21/SF
− OpEx
−$11.4K −$13.59/SF
NOI
$13.9K $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%
$278,140
Cap Rate 7%
$198,671
Cap Rate 9%
$154,522
Alternative Uses
Best Use
Apartment 5plus
$198.7K
$173.8K – $231.8K
NOI $13,907 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.5K
$376.7K – $502.3K
NOI $30,137 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
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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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom residence includes a dedicated garage parking space and overlooks Rock Creek Park.
Where is this residential income property located?
The property is located at 2500 Q STREET NW Unit 504 Washington, DC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 837‑square‑foot condominium with one bedroom and one bathroom; Garage parking space P‑60 included; Unit overlooks Rock Creek Park
