Residential Income Property with
For Sale
$389,000
2755 ORDWAY STREET NW Unit 208, Washington, DC 20008
The one-bedroom unit combines garage parking with parquet flooring, stainless steel appliances, and an oversized walk-in closet.
Property Size832 SF
Price / SF$467.55
Days on Market86
Property Features for 2755 ORDWAY STREET NW Unit 208
General Information
Standard status
Active
Size
832 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cleveland Park
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,083
Amenities
garage parking
parquet hardwood floors
modern kitchen
stainless appliances
walk-in closet
Building Details
Building Size
832 SF
Year Built
1965
Listing Agency:
Sell DC Real Estate
Listed By:
Susan McConkey · License #BR98376252
(410) 340-7768
Source:
Jackrealtygroup
Added: Aug 6
Changed: Oct 26
Last Checked: Oct 26 at 10:33AM
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 Sell DC Real Estate
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Investment Insights
Based on property information with market context.
This one-bedroom condominium in Cleveland Terrace offers 832 square feet of living space. The unit has a living and dining area with parquet hardwood flooring, a kitchen with stainless steel appliances and additional cabinetry, and an oversized walk-in closet. Garage parking is included. The building dates to 1965.
The property is on Ordway Street NW, just off Connecticut Avenue and near the Uptown Theater.
The property is on Ordway Street NW, just off Connecticut Avenue and near the Uptown Theater.
Key Highlights
- 832‑square‑foot, one‑bedroom condominium
- Garage parking included
- Parquet hardwood flooring in the living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,824
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,480
$276.5K
Cap Rate 7%
$197,486
$197.5K
Cap Rate 9%
$153,600
$153.6K
Market Conditions
NOI Build-Up for 832 SF
Gross rent
$26.5K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$25.1K $30.21/SF
− OpEx
−$11.3K −$13.59/SF
NOI
$13.8K $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%
$276,480
Cap Rate 7%
$197,486
Cap Rate 9%
$153,600
Alternative Uses
Best Use
Apartment 5plus
$197.5K
$172.8K – $230.4K
NOI $13,824 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.0K
$374.5K – $499.3K
NOI $29,957 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom unit combines garage parking with parquet flooring, stainless steel appliances, and an oversized walk-in closet.
Where is this residential income property located?
The property is located at 2755 ORDWAY STREET NW Unit 208 Washington, DC.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 832‑square‑foot, one‑bedroom condominium; Garage parking included; Parquet hardwood flooring in the living and dining area
