Two-Story Residential Income
For Sale
$940,000
2828 WISCONSIN AVENUE NW Unit 314, Washington, DC 20007
The home pairs in-unit laundry with assigned underground garage parking and a separate private storage unit.
Property Size1,582 SF
Price / SF$594.18
Days on Market63
Property Features for 2828 WISCONSIN AVENUE NW Unit 314
General Information
Standard status
Active
Size
1,582 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cathedral Heights
Road Access
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$5,581
Amenities
in-unit washer/dryer
high-speed fiber internet
private storage unit
Building Details
Building Size
1,582 SF
Year Built
1977
Buildings
1
Stories
2
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Aug 28
Changed: Oct 26
Last Checked: Oct 26 at 1:47PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,582-square-foot, two-story residence at The Worland has 3 bedrooms and 2.5 bathrooms. Renovations include a kitchen with quartz countertops, a tile backsplash, and new appliances, along with updated bathrooms and replaced high-efficiency windows. The home also has a dedicated HVAC system, a modern water heater, full-sized in-unit washer and dryer, and fiber internet connectivity.
An assigned space in the secure, climate-controlled underground garage and a separate private storage unit are included. The property is near Georgetown and Glover Park, with Glover-Archbold trails, Guy Mason Park, Bishop’s Garden, Beauvoir pool, dining, and shopping among the nearby destinations.
An assigned space in the secure, climate-controlled underground garage and a separate private storage unit are included. The property is near Georgetown and Glover Park, with Glover-Archbold trails, Guy Mason Park, Bishop’s Garden, Beauvoir pool, dining, and shopping among the nearby destinations.
Key Highlights
- 1,582‑square‑foot residence with a two‑story layout
- 3 bedrooms and 2.5 bathrooms
- Kitchen features quartz countertops, a tile backsplash, and new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,286
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,720
$525.7K
Cap Rate 7%
$375,514
$375.5K
Cap Rate 9%
$292,067
$292.1K
Market Conditions
NOI Build-Up for 1,582 SF
Gross rent
$50.3K $31.80/SF
− Vacancy
−$2.5K −$1.59/SF
EGI
$47.8K $30.21/SF
− OpEx
−$21.5K −$13.59/SF
NOI
$26.3K $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%
$525,720
Cap Rate 7%
$375,514
Cap Rate 9%
$292,067
Alternative Uses
Best Use
Apartment 5plus
$375.5K
$328.6K – $438.1K
NOI $26,286 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$813.7K
$712.0K – $949.4K
NOI $56,961 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Paved road access
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 home pairs in-unit laundry with assigned underground garage parking and a separate private storage unit.
Where is this residential income property located?
The property is located at 2828 WISCONSIN AVENUE NW Unit 314 Washington, DC.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: 1,582‑square‑foot residence with a two‑story layout; 3 bedrooms and 2.5 bathrooms; Kitchen features quartz countertops, a tile backsplash, and new appliances
