Two-Bedroom Residential Income
For Sale
$429,000
Pending
2501 CALVERT STREET NW Unit 301, Washington, DC 20008
Corner-unit layout pairs eastern and southern exposure with a separate study and freshly refinished parquet floors.
Property Size1,016 SF
Days on Market17
Property Features for 2501 CALVERT STREET NW Unit 301
General Information
Standard status
Pending
Size
1,016 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Woodland
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,483
Amenities
24-hour concierge
panoramic roof deck
bike storage
on-site laundry
Building Details
Building Size
1,016 SF
Year Built
1968
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Sheila Walter · License #SP98375533
(202) 203-8180
Source:
Kwcapitalproperties
Added: Oct 15
Changed: Oct 31
Last Checked: Oct 30 at 10:59PM
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 Coldwell Banker Realty - Washington
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Investment Insights
Based on property information with market context.
This third-floor corner residence includes two bedrooms, two full bathrooms, and a separate study. Eastern and southern exposures bring natural light into the living and dining area. Recent work includes fresh paint throughout and refinished parquet flooring; the kitchen and bathrooms are ready for the next owner’s design plans.
The home is one block from the Woodley Park/National Zoo Metro station. Rock Creek Park, the National Zoo, neighborhood cafes, and shops are within walking distance. The unit has an 88 Walk Score.
Building amenities include a 24-hour concierge, a rooftop deck with city views, bike storage, and on-site laundry. Leased parking may be available. Water, sewer, and trash are included in the monthly fee, and the building has no rental cap.
The home is one block from the Woodley Park/National Zoo Metro station. Rock Creek Park, the National Zoo, neighborhood cafes, and shops are within walking distance. The unit has an 88 Walk Score.
Building amenities include a 24-hour concierge, a rooftop deck with city views, bike storage, and on-site laundry. Leased parking may be available. Water, sewer, and trash are included in the monthly fee, and the building has no rental cap.
Key Highlights
- Two bedrooms and two full bathrooms, plus a separate study
- Third‑floor corner unit with eastern and southern exposures
- One block from Woodley Park/National Zoo Metro station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,881
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,620
$337.6K
Cap Rate 7%
$241,157
$241.2K
Cap Rate 9%
$187,567
$187.6K
Market Conditions
NOI Build-Up for 1,016 SF
Gross rent
$32.3K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$30.7K $30.21/SF
− OpEx
−$13.8K −$13.59/SF
NOI
$16.9K $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%
$337,620
Cap Rate 7%
$241,157
Cap Rate 9%
$187,567
Alternative Uses
Best Use
Apartment 5plus
$241.2K
$211.0K – $281.4K
NOI $16,881 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.6K
$457.3K – $609.7K
NOI $36,582 @ 7.0% cap · market cap 8.53%
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
1,433
Businesses Nearby
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Business Placement
Demographics for 20008, DC
30,143
Population
18,083
Households
1.7
Avg Household Size
38
Median Age
89%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,724
Density / Sq Mi
$123,653
Median Household Income
$87,607
Median Earnings
$2,202
Median Rent
$894,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner-unit layout pairs eastern and southern exposure with a separate study and freshly refinished parquet floors.
Where is this residential income property located?
The property is located at 2501 CALVERT STREET NW Unit 301 Washington, DC.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms, plus a separate study; Third‑floor corner unit with eastern and southern exposures; One block from Woodley Park/National Zoo Metro station
