Upgraded Residential Income
For Sale
$249,000
2655 41ST STREET NW Unit 102, Washington, DC 20007
One-bedroom residence with an updated kitchen, walk-in closet, laundry access, and extra storage in a classic building.
Property Size644 SF
Days on Market170
Property Features for 2655 41ST STREET NW Unit 102
General Information
Standard status
Active
Size
644 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Glover Park
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,523
Amenities
bike room
laundry room
extra storage
Building Details
Building Size
644 SF
Year Built
1939
Listing Agency:
Washington Fine Properties, LLC
Listed By:
Kathleen A McGrath
(202) 276-1235
Source:
Kwcapitalproperties
Added: May 15
Changed: Oct 25
Last Checked: Oct 30 at 11:42PM
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 Washington Fine Properties, LLC
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Investment Insights
Based on property information with market context.
Unit 102 is a one-bedroom, one-bath residence in a classic 1939 building. The interior includes a defined entry with coat storage, separate living and dining areas, an upgraded kitchen with butcher block counters and stainless steel appliances, a spacious bedroom, a walk-in closet, and a full bathroom. The home also offers tree views from an elevated position above street level.
Building amenities include a bike room, laundry room, and additional storage. The property is in Glover Park, with access to parkland, walking trails, public transportation, neighborhood conveniences, and dining along New Mexico Avenue and Wisconsin Avenue. Cats are permitted.
Building amenities include a bike room, laundry room, and additional storage. The property is in Glover Park, with access to parkland, walking trails, public transportation, neighborhood conveniences, and dining along New Mexico Avenue and Wisconsin Avenue. Cats are permitted.
Key Highlights
- 1BR/1BA unit with separate living and dining areas
- Upgraded kitchen with butcher block counter and stainless steel appliances
- Walk‑in closet and large entry coat closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,700
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,000
$214.0K
Cap Rate 7%
$152,857
$152.9K
Cap Rate 9%
$118,889
$118.9K
Market Conditions
NOI Build-Up for 644 SF
Gross rent
$20.5K $31.80/SF
− Vacancy
−$1.0K −$1.59/SF
EGI
$19.5K $30.21/SF
− OpEx
−$8.8K −$13.59/SF
NOI
$10.7K $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%
$214,000
Cap Rate 7%
$152,857
Cap Rate 9%
$118,889
Alternative Uses
Best Use
Apartment 5plus
$152.9K
$133.8K – $178.3K
NOI $10,700 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.3K
$289.9K – $386.5K
NOI $23,188 @ 7.0% cap · market cap 9.31%
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 - One-bedroom residence with an updated kitchen, walk-in closet, laundry access, and extra storage in a classic building.
Where is this residential income property located?
The property is located at 2655 41ST STREET NW Unit 102 Washington, DC.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1BR/1BA unit with separate living and dining areas; Upgraded kitchen with butcher block counter and stainless steel appliances; Walk‑in closet and large entry coat closet
