Two-Bedroom Cooperative
For Sale
$389,500
2520 41ST STREET NW Unit 5, Washington, DC 20007
A separate dining room and sunroom extend the living layout, with a designated off-street parking space included.
Property Size870 SF
Price / SF$447.70
Days on Market66
Property Features for 2520 41ST STREET NW Unit 5
General Information
Standard status
Active
Size
870 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Glover Park
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,572
Amenities
sunroom
storage unit
communal outdoor space
hardwood floors
arched doorways
separate dining room
upgraded kitchen
renovated bathroom
Building Details
Building Size
870 SF
Year Built
1938
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Theodore Sonner
(301) 943-5049
Source:
Canopy-re
Added: Aug 26
Changed: Oct 27
Last Checked: Oct 26 at 11:26AM
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 870-square-foot, two-bedroom cooperative residence was built in 1938. The layout includes a separate dining room and sunroom, with east-, north-, and south-facing windows bringing natural light into the rooms. Hardwood flooring, high ceilings, and arched doorways retain period character. The kitchen has updated cabinetry and countertops, and the bathroom has been renovated with a walk-in shower and new vanity.
The property includes a designated off-street parking space and a separate storage unit measuring approximately 500 cubic feet. Residents also have access to shared outdoor space. Glover Archbold Park’s wooded trails are one block away, and Stoddert Elementary School is directly across the street.
The property includes a designated off-street parking space and a separate storage unit measuring approximately 500 cubic feet. Residents also have access to shared outdoor space. Glover Archbold Park’s wooded trails are one block away, and Stoddert Elementary School is directly across the street.
Key Highlights
- Two‑bedroom cooperative residence with 870 square feet
- Separate dining room and sunroom
- Designated off‑street parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,455
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,100
$289.1K
Cap Rate 7%
$206,500
$206.5K
Cap Rate 9%
$160,611
$160.6K
Market Conditions
NOI Build-Up for 870 SF
Gross rent
$27.7K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.3K $30.21/SF
− OpEx
−$11.8K −$13.59/SF
NOI
$14.5K $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%
$289,100
Cap Rate 7%
$206,500
Cap Rate 9%
$160,611
Alternative Uses
Best Use
Apartment 5plus
$206.5K
$180.7K – $240.9K
NOI $14,455 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.5K
$391.6K – $522.1K
NOI $31,325 @ 7.0% cap · market cap 8.04%
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
1,178
Businesses Nearby
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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 - A separate dining room and sunroom extend the living layout, with a designated off-street parking space included.
Where is this residential income property located?
The property is located at 2520 41ST STREET NW Unit 5 Washington, DC.
What is the asking price?
The asking price for this property is $389,500.
What are key features of this property?
This property features: Two‑bedroom cooperative residence with 870 square feet; Separate dining room and sunroom; Designated off‑street parking space
