Condominium Residential Income
For Sale
$335,000
2500 Q STREET NW Unit 706, Washington, DC 20007
The residence is part of a 7-story condominium building near Georgetown shopping, dining, and cultural destinations.
Property Size927 SF
Price / SF$361.38
Days on Market121
Property Features for 2500 Q STREET NW Unit 706
General Information
Standard status
Active
Size
927 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
KITCHEN HAS NO APPLIANCES
Site & Location
Neighborhood
Sheridan-Kalorama
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,007
Building Details
Building Size
927 SF
Year Built
1942
Stories
7
Listing Agency:
CENTURY 21 New Millennium
Listed By:
John T Queeney · License #SP98370102
(703) 868-0061
Source:
Jackrealtygroup
Added: Jul 2
Changed: Oct 27
Last Checked: Oct 26 at 3:19PM
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 CENTURY 21 New Millennium
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Investment Insights
Based on property information with market context.
This residential condominium unit measures 927 square feet and is located within Gateway Georgetown Condos. The kitchen has no appliances. The building was completed in 1942 and contains 372 units across seven stories.
At 2500 Q Street NW in Washington, DC, the property is adjacent to Rock Creek Park and Rose Park. Georgetown shopping, restaurants, and cultural attractions are also nearby.
At 2500 Q Street NW in Washington, DC, the property is adjacent to Rock Creek Park and Rose Park. Georgetown shopping, restaurants, and cultural attractions are also nearby.
Key Highlights
- 927‑square‑foot condominium unit
- Part of a 372‑unit, 7‑story condominium building
- Building constructed in 1942
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,403
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,060
$308.1K
Cap Rate 7%
$220,043
$220.0K
Cap Rate 9%
$171,144
$171.1K
Market Conditions
NOI Build-Up for 927 SF
Gross rent
$29.5K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$28.0K $30.21/SF
− OpEx
−$12.6K −$13.59/SF
NOI
$15.4K $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%
$308,060
Cap Rate 7%
$220,043
Cap Rate 9%
$171,144
Alternative Uses
Best Use
Apartment 5plus
$220.0K
$192.5K – $256.7K
NOI $15,403 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.8K
$417.2K – $556.3K
NOI $33,377 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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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 residence is part of a 7-story condominium building near Georgetown shopping, dining, and cultural destinations.
Where is this residential income property located?
The property is located at 2500 Q STREET NW Unit 706 Washington, DC.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 927‑square‑foot condominium unit; Part of a 372‑unit, 7‑story condominium building; Building constructed in 1942
