Residential Income Studio
For Sale
$289,000
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
Price / SF$533.21
Days on Market69
Property Features for 2500 Q STREET NW Unit 449
General Information
Standard status
Active
Size
899 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Public Transit
Yes
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 6
Last Checked: Oct 5 at 10:32PM
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
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.
Property Analytics
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Current Use
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 - 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
