Renovated Residential Income
For Sale
$645,000
2801 NEW MEXICO AVENUE NW Unit 1108, Washington, DC 20007
The corner residence includes a den, private balcony, assigned garage parking, and a separate storage unit.
Property Size1,554 SF
Price / SF$415.06
Days on Market43
Property Features for 2801 NEW MEXICO AVENUE NW Unit 1108
General Information
Standard status
Active
Size
1,554 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cathedral Heights
Taxes and HOA fees
Annual Taxes
$6,066
Building Details
Building Size
1,554 SF
Year Built
1966
Listing Agency:
H.A. Gill & Son
Listed By:
Nicholas Gill · License #14632
(202) 246-4451
Source:
Mxwrealestate
Added: Sep 18
Changed: Oct 30
Last Checked: Oct 29 at 8:41PM
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 H.A. Gill & Son
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Investment Insights
Based on property information with market context.
Renovated corner residence in the Colonnade Condominium features one bedroom, one and a half bathrooms, and a den that can serve as an office or guest room. The 1,446-square-foot interior includes an eat-in kitchen, formal dining area, hardwood floors, crown molding, oversized windows, walk-in closets, in-unit laundry, and a private balcony. Assigned garage parking and an additional storage unit are included.
Building amenities include a 24-hour concierge, doormen, valet parking, a fitness center, meeting and party rooms, a club room, library, and a heated outdoor pool open six months each year. Poolside decks have grills and seating; the building also has a dry cleaner and salon. Pets are permitted. Shopping and restaurants are within walking distance, and the property is described as minutes from downtown and Maryland and Virginia.
Building amenities include a 24-hour concierge, doormen, valet parking, a fitness center, meeting and party rooms, a club room, library, and a heated outdoor pool open six months each year. Poolside decks have grills and seating; the building also has a dry cleaner and salon. Pets are permitted. Shopping and restaurants are within walking distance, and the property is described as minutes from downtown and Maryland and Virginia.
Key Highlights
- 1,446 square feet with one bedroom, 1.5 bathrooms, and a den
- Renovated corner residence with eat‑in kitchen and formal dining area
- Assigned garage parking and additional storage unit convey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,820
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,400
$516.4K
Cap Rate 7%
$368,857
$368.9K
Cap Rate 9%
$286,889
$286.9K
Market Conditions
NOI Build-Up for 1,554 SF
Gross rent
$49.4K $31.80/SF
− Vacancy
−$2.5K −$1.59/SF
EGI
$46.9K $30.21/SF
− OpEx
−$21.1K −$13.59/SF
NOI
$25.8K $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%
$516,400
Cap Rate 7%
$368,857
Cap Rate 9%
$286,889
Alternative Uses
Best Use
Apartment 5plus
$368.9K
$322.8K – $430.3K
NOI $25,820 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.3K
$699.4K – $932.6K
NOI $55,953 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,604
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 corner residence includes a den, private balcony, assigned garage parking, and a separate storage unit.
Where is this residential income property located?
The property is located at 2801 NEW MEXICO AVENUE NW Unit 1108 Washington, DC.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 1,446 square feet with one bedroom, 1.5 bathrooms, and a den; Renovated corner residence with eat‑in kitchen and formal dining area; Assigned garage parking and additional storage unit convey
