Residential Income Property with Rooftop
For Sale
$365,000
Pending
2501 CALVERT STREET NW Unit 505, Washington, DC 20008
Condominium residence in a professionally managed building with elevator service, secure entry, and resident amenities.
Property Size726 SF
Days on Market35
Property Features for 2501 CALVERT STREET NW Unit 505
General Information
Standard status
Pending
Size
726 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,816
Amenities
24-hour front desk
secure entry
package and mail facilities
bike storage
rooftop terrace
garage parking
Building Details
Building Size
726 SF
Year Built
1968
Listing Agency:
Compass
Listed By:
Tiffany Celes Renwick · License #SP200201171
(310) 963-7611
Source:
Kwcapitalproperties
Added: Sep 15
Changed: Oct 8
Last Checked: Oct 16 at 4:37PM
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 Compass
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Investment Insights
Based on property information with market context.
Unit 505 is a residential condominium within the Shoreham North Condominium, a professionally managed building constructed in 1968. The residence features generous living areas, large windows, neutral finishes, and a layout suited to both everyday living and entertaining. Building services include a 24-hour front desk, secure entry, elevator access, package and mail facilities, bike storage, available garage parking, and a rooftop terrace with city views. Several utilities are included in the condominium fee.
The property is located on Calvert Street NW in Washington, DC, near Connecticut Avenue and the Woodley Park-Zoo/Adams Morgan Metro. Rock Creek Park, the National Zoo, neighborhood cafes and restaurants, everyday retail, and the Omni Shoreham are among the surrounding destinations.
The property is located on Calvert Street NW in Washington, DC, near Connecticut Avenue and the Woodley Park-Zoo/Adams Morgan Metro. Rock Creek Park, the National Zoo, neighborhood cafes and restaurants, everyday retail, and the Omni Shoreham are among the surrounding destinations.
Key Highlights
- Unit 505 in the Shoreham North Condominium
- Building constructed in 1968
- 24‑hour front desk, secure entry, and elevator service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,063
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,260
$241.3K
Cap Rate 7%
$172,329
$172.3K
Cap Rate 9%
$134,033
$134.0K
Market Conditions
NOI Build-Up for 726 SF
Gross rent
$23.1K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$21.9K $30.21/SF
− OpEx
−$9.9K −$13.59/SF
NOI
$12.1K $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%
$241,260
Cap Rate 7%
$172,329
Cap Rate 9%
$134,033
Alternative Uses
Best Use
Apartment 5plus
$172.3K
$150.8K – $201.1K
NOI $12,063 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.4K
$326.8K – $435.7K
NOI $26,140 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 - Condominium residence in a professionally managed building with elevator service, secure entry, and resident amenities.
Where is this residential income property located?
The property is located at 2501 CALVERT STREET NW Unit 505 Washington, DC.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Unit 505 in the Shoreham North Condominium; Building constructed in 1968; 24‑hour front desk, secure entry, and elevator service
