River-View Residential Income
For Sale
$695,000
2510 VIRGINIA AVE NW Unit 1101-N, Washington, DC 20037
The one-bedroom home has a private balcony, assigned underground parking, and access to building amenities.
Property Size1,350 SF
Price / SF$514.81
Days on Market232
Property Features for 2510 VIRGINIA AVE NW Unit 1101-N
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Foggy Bottom
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
24-hour front desk and security
outdoor pool
fitness center
community spaces
on-site shops and restaurants
private balcony
Building Details
Building Size
1,350 SF
Year Built
1968
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Daniel Martin · License #0225214964
(202) 957-1550
Source:
Kartaproperties
Added: Mar 13
Changed: Oct 27
Last Checked: Oct 27 at 3:11AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,350-square-foot residential co-op has one bedroom and 1.5 baths, with living and dining areas, a refreshed kitchen, and a private balcony measuring nearly 39 feet. The kitchen has stainless steel appliances, new countertops, pantry storage, and cabinetry. Assigned underground garage parking is included. The building dates to 1968 and provides a 24-hour front desk and security, an outdoor pool, fitness center, community areas, shops, and restaurants. The co-op fee includes property taxes, utilities, cable and internet, HVAC maintenance, and building services.
The home overlooks the Potomac River, green space, and a courtyard fountain. Nearby destinations include the Kennedy Center, Georgetown Waterfront, Rock Creek Park trails, Theodore Roosevelt Island, the Mount Vernon Trail, Foggy Bottom Metro, and GWU. Whole Foods and Trader Joe’s are also listed among nearby conveniences.
The home overlooks the Potomac River, green space, and a courtyard fountain. Nearby destinations include the Kennedy Center, Georgetown Waterfront, Rock Creek Park trails, Theodore Roosevelt Island, the Mount Vernon Trail, Foggy Bottom Metro, and GWU. Whole Foods and Trader Joe’s are also listed among nearby conveniences.
Key Highlights
- 1,350‑square‑foot co‑op residence with one bedroom and 1.5 baths
- Private balcony measuring nearly 39 feet, with Potomac River views
- Assigned underground garage parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,431
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,620
$448.6K
Cap Rate 7%
$320,443
$320.4K
Cap Rate 9%
$249,233
$249.2K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$42.9K $31.80/SF
− Vacancy
−$2.1K −$1.59/SF
EGI
$40.8K $30.21/SF
− OpEx
−$18.4K −$13.59/SF
NOI
$22.4K $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%
$448,620
Cap Rate 7%
$320,443
Cap Rate 9%
$249,233
Alternative Uses
Best Use
Apartment 5plus
$320.4K
$280.4K – $373.9K
NOI $22,431 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$694.4K
$607.6K – $810.1K
NOI $48,608 @ 7.0% cap · market cap 6.99%
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
11,344
Businesses Nearby
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Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom home has a private balcony, assigned underground parking, and access to building amenities.
Where is this residential income property located?
The property is located at 2510 VIRGINIA AVE NW Unit 1101-N Washington, DC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,350‑square‑foot co‑op residence with one bedroom and 1.5 baths; Private balcony measuring nearly 39 feet, with Potomac River views; Assigned underground garage parking
