Two-Bedroom Residential Income
For Sale
$575,000
2737 DEVONSHIRE PLACE NW Unit 26, Washington, DC 20008
The condo pairs a separate dining room with central air conditioning and a building storage unit.
Property Size1,076 SF
Price / SF$534.39
Days on Market10
Property Features for 2737 DEVONSHIRE PLACE NW Unit 26
General Information
Standard status
Active
Size
1,076 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,401
Amenities
central air conditioning
patio with grills and herb garden
24-hour concierge
front door service
rental parking
on-site management
exercise rooms
saunas
party room
pet co-op
storage unit
Building Details
Building Size
1,076 SF
Year Built
1929
Listing Agency:
Compass
Listed By:
Andrew William Norris · License #SP98379059
(202) 368-9908
Source:
Kerishull
Added: Oct 9
Changed: Oct 17
Last Checked: Oct 16 at 3:42PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,076-square-foot condo in Woodley Park Towers has two bedrooms and two full bathrooms. The residence includes central air conditioning, hardwood floors, recessed lighting, southern exposure, and a separate dining room. The updated kitchen has stone countertops, while the primary bedroom includes a walk-in closet. A separate storage unit is located on the building’s lower level. The building dates to 1929 and offers a 24-hour concierge, on-site management, exercise rooms, saunas, and a party room. Rental parking is available.
Residents also have access to a patio with grills and an herb garden. Nearby destinations include the Cleveland Park and Woodley Park shops and Metro stations, the National Zoo, National Cathedral, and Rock Creek Park. The Klingle Valley Trail and Tregaron Conservancy are also close by.
Residents also have access to a patio with grills and an herb garden. Nearby destinations include the Cleveland Park and Woodley Park shops and Metro stations, the National Zoo, National Cathedral, and Rock Creek Park. The Klingle Valley Trail and Tregaron Conservancy are also close by.
Key Highlights
- 1,076‑square‑foot condo with 2 bedrooms and 2 full bathrooms
- Central air conditioning, hardwood floors, recessed lighting, and southern exposure
- Updated kitchen with stone countertops; separate dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,878
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,560
$357.6K
Cap Rate 7%
$255,400
$255.4K
Cap Rate 9%
$198,644
$198.6K
Market Conditions
NOI Build-Up for 1,076 SF
Gross rent
$34.2K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$32.5K $30.21/SF
− OpEx
−$14.6K −$13.59/SF
NOI
$17.9K $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%
$357,560
Cap Rate 7%
$255,400
Cap Rate 9%
$198,644
Alternative Uses
Best Use
Apartment 5plus
$255.4K
$223.5K – $298.0K
NOI $17,878 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$553.5K
$484.3K – $645.7K
NOI $38,742 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
Explore this area
Business Placement
Demographics for 20008, DC
30,143
Population
18,083
Households
1.7
Avg Household Size
38
Median Age
89%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,724
Density / Sq Mi
$123,653
Median Household Income
$87,607
Median Earnings
$2,202
Median Rent
$894,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The condo pairs a separate dining room with central air conditioning and a building storage unit.
Where is this residential income property located?
The property is located at 2737 DEVONSHIRE PLACE NW Unit 26 Washington, DC.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,076‑square‑foot condo with 2 bedrooms and 2 full bathrooms; Central air conditioning, hardwood floors, recessed lighting, and southern exposure; Updated kitchen with stone countertops; separate dining room
