Two-Bedroom Income
For Sale
$535,000
2501 CALVERT STREET NW Unit 409, Washington, DC 20008
The condominium offers an updated kitchen, hardwood floors, rooftop access, and concierge service.
Property Size1,153 SF
Days on Market32
Property Features for 2501 CALVERT STREET NW Unit 409
General Information
Standard status
Active
Size
1,153 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,235
Amenities
rooftop access
concierge service
secure building entry
on-site laundry
Building Details
Building Size
1,153 SF
Year Built
1968
Listing Agency:
KW Metro Center
Listed By:
Aret Koseian · License #SP98374935
(240) 533-6990
Source:
Kwcapitalproperties
Added: Sep 17
Changed: Oct 14
Last Checked: Oct 16 at 3:55PM
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 KW Metro Center
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Investment Insights
Based on property information with market context.
This 2BR/2BA condominium residence occupies Unit 409 at Shoreham North, a 1968 building in Washington, DC. The interior combines oversized windows, hardwood floors, and separate living and dining areas with views toward trees. Its updated kitchen includes granite countertops, stainless steel appliances, and substantial cabinet storage. The primary bedroom has a walk-in closet, while the second bedroom can accommodate flexible residential use or a home office.
Building amenities include rooftop access, concierge service, secure entry, and on-site laundry. Water, sewer, and trash are included in the condo fee. The property is near Woodley Park Metro, Rock Creek Park, the National Zoo, and the restaurants, cafes, and shops of Woodley Park and Adams Morgan.
Building amenities include rooftop access, concierge service, secure entry, and on-site laundry. Water, sewer, and trash are included in the condo fee. The property is near Woodley Park Metro, Rock Creek Park, the National Zoo, and the restaurants, cafes, and shops of Woodley Park and Adams Morgan.
Key Highlights
- 2BR/2BA condominium residence in Shoreham North
- Updated kitchen with granite countertops and stainless steel appliances
- Oversized windows, hardwood floors, and tree‑lined views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,158
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,160
$383.2K
Cap Rate 7%
$273,686
$273.7K
Cap Rate 9%
$212,867
$212.9K
Market Conditions
NOI Build-Up for 1,153 SF
Gross rent
$36.7K $31.80/SF
− Vacancy
−$1.8K −$1.59/SF
EGI
$34.8K $30.21/SF
− OpEx
−$15.7K −$13.59/SF
NOI
$19.2K $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%
$383,160
Cap Rate 7%
$273,686
Cap Rate 9%
$212,867
Alternative Uses
Best Use
Apartment 5plus
$273.7K
$239.5K – $319.3K
NOI $19,158 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$593.1K
$518.9K – $691.9K
NOI $41,515 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,433
Businesses Nearby
Explore this area
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 - The condominium offers an updated kitchen, hardwood floors, rooftop access, and concierge service.
Where is this residential income property located?
The property is located at 2501 CALVERT STREET NW Unit 409 Washington, DC.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2BR/2BA condominium residence in Shoreham North; Updated kitchen with granite countertops and stainless steel appliances; Oversized windows, hardwood floors, and tree‑lined views
