Two-Bedroom Residential Income
For Sale
$425,000
2514 41ST STREET NW Unit 4, Washington, DC 20007
Condominium residence with a renovated kitchen, screened porch, classic architectural details, and a flexible second bedroom.
Property Size891 SF
Price / SF$472.22
Days on Market21
Property Features for 2514 41ST STREET NW Unit 4
General Information
Standard status
Active
Size
891 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,011
Amenities
screened porch
Building Details
Building Size
891 SF
Year Built
1926
Listing Agency:
EJF Real Estate Services
Listed By:
Conrad C Bennett · License #SP98357594
(202) 756-4005
Source:
Kwcapitalproperties
Added: Sep 16
Changed: Oct 3
Last Checked: Oct 6 at 12:42AM
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 EJF Real Estate Services
Investment Insights
Based on property information with market context.
This two-bedroom, one-bath condominium occupies approximately 900 square feet in a 1926 building. The interior includes hardwood floors, crown molding, traditional trim, a living room with a dedicated dining area, and well-proportioned rooms. A renovated kitchen features wood cabinetry, granite countertops, and stainless steel appliances. Both bedrooms receive natural light, while the second bedroom can also serve as an office or studio. A screened porch extends the living space and overlooks mature trees and greenery.
The property is located on 41st Street NW in Glover Park, near Wisconsin Avenue’s restaurants, coffee shops, grocery stores, fitness options, and daily conveniences. Glover-Archbold Park and its trails are nearby, with Georgetown, Cathedral Heights, Burleith, and Cleveland Park also within reach. The setting combines a residential street environment with access to established Northwest Washington amenities.
The property is located on 41st Street NW in Glover Park, near Wisconsin Avenue’s restaurants, coffee shops, grocery stores, fitness options, and daily conveniences. Glover-Archbold Park and its trails are nearby, with Georgetown, Cathedral Heights, Burleith, and Cleveland Park also within reach. The setting combines a residential street environment with access to established Northwest Washington amenities.
Key Highlights
- Two‑bedroom, one‑bath condominium with approximately 900 square feet
- Built in 1926 with hardwood floors, crown molding, and traditional trim
- Renovated kitchen with wood cabinetry, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,954
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,080
$299.1K
Cap Rate 7%
$213,629
$213.6K
Cap Rate 9%
$166,156
$166.2K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$28.6K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$27.2K $30.21/SF
− OpEx
−$12.2K −$13.59/SF
NOI
$15.0K $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%
$299,080
Cap Rate 7%
$213,629
Cap Rate 9%
$166,156
Alternative Uses
Best Use
Apartment 5plus
$213.6K
$186.9K – $249.2K
NOI $14,954 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,405 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with a renovated kitchen, screened porch, classic architectural details, and a flexible second bedroom.
Where is this residential income property located?
The property is located at 2514 41ST STREET NW Unit 4 Washington, DC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium with approximately 900 square feet; Built in 1926 with hardwood floors, crown molding, and traditional trim; Renovated kitchen with wood cabinetry, granite countertops, and stainless steel appliances
