Two-Bedroom Residential Property with
New
For Sale
$775,000
2801 NEW MEXICO AVENUE NW Unit 415, Washington, DC 20007
A two-bedroom layout pairs separated sleeping areas with an eat-in kitchen and a balcony.
Property Size1,489 SF
Price / SF$520.48
Days on Market7
Property Features for 2801 NEW MEXICO AVENUE NW Unit 415
General Information
Standard status
Active
Size
1,489 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,235
Amenities
24 hour front desk
doormen
valet parking
24 hr fitness center
meeting/party rooms
pool
Building Details
Building Size
1,489 SF
Year Built
1966
Listing Agency:
Compass
Listed By:
Erich W Cabe · License #SP98359099
(202) 320-6469
Source:
Kerishull
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 15 at 7:50AM
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
Investment Insights
Based on property information with market context.
This 1,489-square-foot residence has two bedrooms positioned on opposite sides of the unit, two renovated full bathrooms with walk-in showers, and a formal dining room. The eat-in kitchen includes built-in seating with concealed storage, under-cabinet lighting, and a wine refrigerator. A small office area, marble-floored foyer, customized closets, crown molding, and wood doors add to the interior configuration. New windows and a balcony are also included.
The unit is in The Colonnade, a building completed in 1966. Shared amenities include a 24-hour front desk, doormen, valet parking, a 24-hour fitness center, meeting and party rooms, and a heated pool open six months each year. Lobby-level parking and a separate storage unit convey with the residence. Pets are permitted.
The unit is in The Colonnade, a building completed in 1966. Shared amenities include a 24-hour front desk, doormen, valet parking, a 24-hour fitness center, meeting and party rooms, and a heated pool open six months each year. Lobby-level parking and a separate storage unit convey with the residence. Pets are permitted.
Key Highlights
- 1,489‑square‑foot unit with two bedrooms and two full bathrooms
- Both bathrooms have been renovated and include walk‑in showers
- Balcony, formal dining room, and eat‑in kitchen with built‑in seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,740
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,800
$494.8K
Cap Rate 7%
$353,429
$353.4K
Cap Rate 9%
$274,889
$274.9K
Market Conditions
NOI Build-Up for 1,489 SF
Gross rent
$47.4K $31.80/SF
− Vacancy
−$2.4K −$1.59/SF
EGI
$45.0K $30.21/SF
− OpEx
−$20.2K −$13.59/SF
NOI
$24.7K $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%
$494,800
Cap Rate 7%
$353,429
Cap Rate 9%
$274,889
Alternative Uses
Best Use
Apartment 5plus
$353.4K
$309.3K – $412.3K
NOI $24,740 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.9K
$670.2K – $893.6K
NOI $53,613 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
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 - A two-bedroom layout pairs separated sleeping areas with an eat-in kitchen and a balcony.
Where is this residential income property located?
The property is located at 2801 NEW MEXICO AVENUE NW Unit 415 Washington, DC.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1,489‑square‑foot unit with two bedrooms and two full bathrooms; Both bathrooms have been renovated and include walk‑in showers; Balcony, formal dining room, and eat‑in kitchen with built‑in seating
