Residential Income Property with Park
For Sale
$299,900
2630 ADAMS MILL ROAD NW Unit 302, Washington, DC 20009
Condo unit with natural light, a practical kitchen, generous closet storage, and access to nearby dining, shopping, and transit.
Property Size499 SF
Days on Market315
Property Features for 2630 ADAMS MILL ROAD NW Unit 302
General Information
Standard status
Active
Size
499 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kalorama Triangle
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,856
Building Details
Building Size
499 SF
Year Built
2003
Listing Agency:
Serhant
Listed By:
Barak Sky · License #SP600552
(301) 742-5759
Source:
Kwcapitalproperties
Added: Dec 20, 2025
Changed: Oct 31
Last Checked: Oct 30 at 8:28PM
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 Serhant
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Investment Insights
Based on property information with market context.
Unit 302 is a condominium within a residential income property built in 2003. The interior includes a living area, functional kitchen, one bedroom, and ample closet space, with natural light contributing to the presentation. The layout provides the core spaces of a comfortable residential unit without unnecessary complexity.
The property is located at 2630 Adams Mill Road NW in Washington, DC, adjacent to the green setting of Walter Pierce Park. Dining, shopping, public transportation, and major commuter routes are nearby. Building management is handled professionally, adding an established operational structure for the property.
The property is located at 2630 Adams Mill Road NW in Washington, DC, adjacent to the green setting of Walter Pierce Park. Dining, shopping, public transportation, and major commuter routes are nearby. Building management is handled professionally, adding an established operational structure for the property.
Key Highlights
- Unit 302 condominium built in 2003
- Living area, functional kitchen, one bedroom, and generous closet space
- Natural light throughout the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,710
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,200
$194.2K
Cap Rate 7%
$138,714
$138.7K
Cap Rate 9%
$107,889
$107.9K
Market Conditions
NOI Build-Up for 499 SF
Gross rent
$18.7K $37.56/SF
− Vacancy
−$1.1K −$2.18/SF
EGI
$17.7K $35.38/SF
− OpEx
−$7.9K −$15.92/SF
NOI
$9.7K $19.46/SF
Area
ZIP 20009
Vacancy
5.80%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,200
Cap Rate 7%
$138,714
Cap Rate 9%
$107,889
Alternative Uses
Best Use
Apartment 5plus
$138.7K
$121.4K – $161.8K
NOI $9,710 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.7K
$224.6K – $299.5K
NOI $17,967 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,606
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condo unit with natural light, a practical kitchen, generous closet storage, and access to nearby dining, shopping, and transit.
Where is this residential income property located?
The property is located at 2630 ADAMS MILL ROAD NW Unit 302 Washington, DC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Unit 302 condominium built in 2003; Living area, functional kitchen, one bedroom, and generous closet space; Natural light throughout the residence
