Two-Level Residential Income
For Sale
$799,000
2828 WISCONSIN AVENUE NW Unit 504, Washington, DC 20007
Two-bedroom residence with 2.5 bathrooms and one reserved parking space.
Property Size1,420 SF
Price / SF$562.68
Days on Market78
Property Features for 2828 WISCONSIN AVENUE NW Unit 504
General Information
Standard status
Active
Size
1,420 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cathedral Heights
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,930
Building Details
Building Size
1,420 SF
Year Built
1977
Listing Agency:
KW Metro Center
Listed By:
Phyllis B Papkin · License #0225051289
(571) 259-3917
Source:
Kerishull
Added: Aug 13
Changed: Oct 25
Last Checked: Oct 28 at 4:54PM
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 Metro Center
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Investment Insights
Based on property information with market context.
Unit 504 is a two-level residential property with 2 bedrooms and 2.5 bathrooms. The home is described as bright, naturally lit, and ready for occupancy, with a layout suited to comfortable residential use. One reserved parking space is included, with additional on-street parking available in the surrounding neighborhood.
The property is located at 2828 Wisconsin Avenue NW in Washington, DC, near Georgetown. The building dates to 1977 and is characterized as a mid-size, well-managed residence. Its neighborhood setting provides access to the area while offering a quieter residential environment away from heavier city traffic.
The property is located at 2828 Wisconsin Avenue NW in Washington, DC, near Georgetown. The building dates to 1977 and is characterized as a mid-size, well-managed residence. Its neighborhood setting provides access to the area while offering a quieter residential environment away from heavier city traffic.
Key Highlights
- Two‑level layout with 2 bedrooms and 2.5 bathrooms
- One reserved parking space included
- Additional on‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,594
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,880
$471.9K
Cap Rate 7%
$337,057
$337.1K
Cap Rate 9%
$262,156
$262.2K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$45.2K $31.80/SF
− Vacancy
−$2.3K −$1.59/SF
EGI
$42.9K $30.21/SF
− OpEx
−$19.3K −$13.59/SF
NOI
$23.6K $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%
$471,880
Cap Rate 7%
$337,057
Cap Rate 9%
$262,156
Alternative Uses
Best Use
Apartment 5plus
$337.1K
$294.9K – $393.2K
NOI $23,594 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$730.4K
$639.1K – $852.1K
NOI $51,128 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,650
Businesses Nearby
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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 - Two-bedroom residence with 2.5 bathrooms and one reserved parking space.
Where is this residential income property located?
The property is located at 2828 WISCONSIN AVENUE NW Unit 504 Washington, DC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑level layout with 2 bedrooms and 2.5 bathrooms; One reserved parking space included; Additional on‑street parking available
