Leased Studio Residential
For Sale
$179,000
Pending
2800 WISCONSIN AVE NW Unit 405, Washington, DC 20007
The studio includes a private balcony and a parking space, with an existing lease extending through August 2027.
Property Size446 SF
Days on Market93
Property Features for 2800 WISCONSIN AVE NW Unit 405
General Information
Standard status
Pending
Size
446 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Cathedral Heights
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Asking Price
$179,000
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,574
Amenities
private balcony
secure lobby
concierge
on-site laundry
extra storage
Building Details
Building Size
446 SF
Year Built
1964
Tenancy
Single
Listing Agency:
KW United
Listed By:
Kristina S Walker · License #SP98376237
(703) 981-7802
Source:
Signaturemoverealestate
Added: Jul 30
Changed: Oct 27
Last Checked: Oct 26 at 3:36PM
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 KW United
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Investment Insights
Based on property information with market context.
This 446-square-foot studio condominium has an open living and sleeping area, a kitchen, an enclosed bathroom, a separate sink area, and a generous closet. A private balcony and a parking space are included. The unit is leased through August 2027. The building, completed in 1964, provides a secure lobby, concierge, elevator, laundry facilities, and additional storage. The condominium fee covers utilities other than internet.
The property is on Wisconsin Avenue in Washington, DC. Metrobus service runs along the avenue, with access to the Tenleytown-AU and Woodley Park Metro stations. Nearby destinations include the National Cathedral, Georgetown, American University, Glover Park, Cathedral Commons, and downtown Bethesda. Grocery stores, restaurants, shops, and neighborhood parks are also in the surrounding area.
The property is on Wisconsin Avenue in Washington, DC. Metrobus service runs along the avenue, with access to the Tenleytown-AU and Woodley Park Metro stations. Nearby destinations include the National Cathedral, Georgetown, American University, Glover Park, Cathedral Commons, and downtown Bethesda. Grocery stores, restaurants, shops, and neighborhood parks are also in the surrounding area.
Key Highlights
- 446‑square‑foot studio condominium
- Private balcony and a parking space
- Lease runs through August 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,411
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,220
$148.2K
Cap Rate 7%
$105,871
$105.9K
Cap Rate 9%
$82,344
$82.3K
Market Conditions
NOI Build-Up for 446 SF
Gross rent
$14.2K $31.80/SF
− Vacancy
−$709 −$1.59/SF
EGI
$13.5K $30.21/SF
− OpEx
−$6.1K −$13.59/SF
NOI
$7.4K $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%
$148,220
Cap Rate 7%
$105,871
Cap Rate 9%
$82,344
Alternative Uses
Best Use
Apartment 5plus
$105.9K
$92.6K – $123.5K
NOI $7,411 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$229.4K
$200.7K – $267.7K
NOI $16,059 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,650
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The studio includes a private balcony and a parking space, with an existing lease extending through August 2027.
Where is this residential income property located?
The property is located at 2800 WISCONSIN AVE NW Unit 405 Washington, DC.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 446‑square‑foot studio condominium; Private balcony and a parking space; Lease runs through August 2027
