Residential Income Property with
For Sale
$835,000
2510 VIRGINIA AVENUE NW Unit 710-N, Washington, DC 20037
Two-level residence offers expansive windows, private outdoor space, included parking, and extensive building amenities.
Property Size1,635 SF
Price / SF$510.70
Days on Market26
Property Features for 2510 VIRGINIA AVENUE NW Unit 710-N
General Information
Standard status
Active
Size
1,635 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Amenities
balcony
modern lobby
24/7 front desk & doorman service
outdoor heated pool
fitness center
roof terrace & garden
on-site shops and restaurants
Building Details
Building Size
1,635 SF
Year Built
1968
Listing Agency:
Winston Real Estate, Inc.
Listed By:
Gigi R. Winston · License #BR98367703
(703) 850-9642
Source:
Kwcapitalproperties
Added: Sep 11
Changed: Oct 3
Last Checked: Oct 5 at 10:22PM
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 Winston Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 1,635-square-foot two-level residence features a duplex-style layout with 2 bedrooms, 2.5 baths, and a 30-foot balcony with built-in planters. The main level includes light wood flooring, a living and dining area with custom built-ins, and a kitchen equipped with a gas cooktop, range hood, paneled Sub-Zero refrigerator, glass-front cabinetry, and tiled backsplash. Both bedrooms offer en suite baths and walk-in closets, while additional features include a powder room, custom lighting, window shades, and a separate storage room.
Built in 1968, the property includes parking and is located at Watergate East in Washington, DC. Building amenities include a 24/7 front desk and doorman, outdoor heated pool, fitness center, roof terrace and garden, lobby, shops, and restaurants. The residence is near the Kennedy Center, Georgetown Waterfront, Foggy Bottom Metro, GWU, bicycle paths, grocery stores, restaurants, and the Watergate Hotel & Spa.
Built in 1968, the property includes parking and is located at Watergate East in Washington, DC. Building amenities include a 24/7 front desk and doorman, outdoor heated pool, fitness center, roof terrace and garden, lobby, shops, and restaurants. The residence is near the Kennedy Center, Georgetown Waterfront, Foggy Bottom Metro, GWU, bicycle paths, grocery stores, restaurants, and the Watergate Hotel & Spa.
Key Highlights
- 1,635‑square‑foot two‑level residence with 2 bedrooms and 2.5 baths
- 30‑foot balcony with decking and built‑in planters
- Kitchen includes gas cooktop, Sub‑Zero refrigerator, tiled backsplash, and custom cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,166
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,320
$543.3K
Cap Rate 7%
$388,086
$388.1K
Cap Rate 9%
$301,844
$301.8K
Market Conditions
NOI Build-Up for 1,635 SF
Gross rent
$52.0K $31.80/SF
− Vacancy
−$2.6K −$1.59/SF
EGI
$49.4K $30.21/SF
− OpEx
−$22.2K −$13.59/SF
NOI
$27.2K $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%
$543,320
Cap Rate 7%
$388,086
Cap Rate 9%
$301,844
Alternative Uses
Best Use
Apartment 5plus
$388.1K
$339.6K – $452.8K
NOI $27,166 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$841.0K
$735.9K – $981.2K
NOI $58,869 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11,344
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residence offers expansive windows, private outdoor space, included parking, and extensive building amenities.
Where is this residential income property located?
The property is located at 2510 VIRGINIA AVENUE NW Unit 710-N Washington, DC.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: 1,635‑square‑foot two‑level residence with 2 bedrooms and 2.5 baths; 30‑foot balcony with decking and built‑in planters; Kitchen includes gas cooktop, Sub‑Zero refrigerator, tiled backsplash, and custom cabinetry
