Residential Income Property Two-Bedroom
For Sale
$399,500
2520 41ST STREET NW, Washington, DC 20007
Two-bedroom co-op with off-street designated parking, dedicated storage, and multi-exposure windows for abundant natural light.
Days on Market42
Property Features for 2520 41ST STREET NW
General Information
Standard status
Active
Property subtype
Unit/Flat/Apartment
Building Details
Building Size
870 SF
Year Built
1938
Listing Agency:
Long & Foster Real Estate, Inc.
(301) 943-5049
Listed By:
Theodore Sonner
(301) 943-5049
Source:
Kwcapitalproperties
Added: Jun 19
Changed: Jul 30
Last Checked: Jul 30 at 5:21AM
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.
Investment Insights
Based on property information with market context.
This two-bedroom co-op within a residential income property combines classic pre-war character with modern updates. Built in 1938, the home features soaring ceilings, rich hardwood floors, and arched doorways, with generous room sizes throughout. Natural light reaches every room through east-, north-, and south-facing windows. The layout includes a separate dining room and a sunroom for added flexibility.
The upgraded kitchen offers new cabinetry and beautiful countertops, flowing into the dining area and/or sunroom. The renovated bathroom includes a spa-like walk-in shower with a new vanity. Monthly fees include property taxes. Additional conveniences include a coveted off-street designated parking space and access to communal outdoor space, along with a separate storage unit of approximately 500 cubic feet.
Located in Glover Park, the home is one block from the wooded trails of Glover Archbold Park and directly across from Stoddert Elementary School, with an easy commute downtown and steps from the neighborhood’s offerings.
The upgraded kitchen offers new cabinetry and beautiful countertops, flowing into the dining area and/or sunroom. The renovated bathroom includes a spa-like walk-in shower with a new vanity. Monthly fees include property taxes. Additional conveniences include a coveted off-street designated parking space and access to communal outdoor space, along with a separate storage unit of approximately 500 cubic feet.
Located in Glover Park, the home is one block from the wooded trails of Glover Archbold Park and directly across from Stoddert Elementary School, with an easy commute downtown and steps from the neighborhood’s offerings.
Key Highlights
- East-, north-, and south‑facing windows bring natural light to every room
- Off‑street designated parking space plus access to communal outdoor space
- Separate storage unit of approximately 500 cubic feet
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.7k | $31.80 |
| − Vacancy | −$1.4k | −$1.59 |
| EGI | $26.3k | $30.21 |
| − OpEx | −$11.8k | −$13.59 |
| NOI | $14.5k | $16.62 |
870 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$206.5K
$180.7K – $240.9K
NOI $14,455 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.5K
$391.6K – $522.1K
NOI $31,325 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
$1,202,900
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Washington, DC
Properties on Market for Residential income properties in Washington
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom co-op with off-street designated parking, dedicated storage, and multi-exposure windows for abundant natural light.
Where is this residential income property located?
The property is located at 2520 41ST STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: East-, north-, and south‑facing windows bring natural light to every room; Off‑street designated parking space plus access to communal outdoor space; Separate storage unit of approximately 500 cubic feet
