Residential Income Property with
For Sale
$335,000
2829 CONNECTICUT AVENUE NW Unit 503, Washington, DC 20008
The one-bedroom residence includes a private outdoor space and a parking space that conveys with the unit.
Property Size760 SF
Price / SF$440.79
Days on Market38
Property Features for 2829 CONNECTICUT AVENUE NW Unit 503
General Information
Standard status
Active
Size
760 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Woodley Park
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,264
Amenities
seasonal rooftop pool
fitness center
common laundry
Building Details
Building Size
760 SF
Year Built
1963
Listing Agency:
Samson Properties
Listed By:
Tiffany Dodson · License #SP98378327
(202) 285-2121
Source:
Canopy-re
Added: Sep 22
Changed: Oct 26
Last Checked: Oct 26 at 1:02PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 760-square-foot residence has one bedroom, one bathroom, and an open layout. Storage includes two hall closets, a walk-in closet, and an ensuite closet with organizers. A private balcony and parking space #36 are part of the unit. The building, completed in 1963, offers a seasonal rooftop pool, fitness center, on-site management, and common laundry.
The property is a short walk from the Woodley Park-Zoo Metro station on the Red Line, the National Zoo, and Rock Creek Park trails. Dining and retail options in Adams Morgan and Cleveland Park are also nearby.
The property is a short walk from the Woodley Park-Zoo Metro station on the Red Line, the National Zoo, and Rock Creek Park trails. Dining and retail options in Adams Morgan and Cleveland Park are also nearby.
Key Highlights
- 760‑square‑foot, one‑bedroom, one‑bathroom residence
- Parking space #36 conveys with the unit
- Private balcony and open layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,628
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,560
$252.6K
Cap Rate 7%
$180,400
$180.4K
Cap Rate 9%
$140,311
$140.3K
Market Conditions
NOI Build-Up for 760 SF
Gross rent
$24.2K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.0K $30.21/SF
− OpEx
−$10.3K −$13.59/SF
NOI
$12.6K $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%
$252,560
Cap Rate 7%
$180,400
Cap Rate 9%
$140,311
Alternative Uses
Best Use
Apartment 5plus
$180.4K
$157.9K – $210.5K
NOI $12,628 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.9K
$342.1K – $456.1K
NOI $27,364 @ 7.0% cap · market cap 8.17%
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
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
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Business Placement
Demographics for 20008, DC
30,143
Population
18,083
Households
1.7
Avg Household Size
38
Median Age
89%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,724
Density / Sq Mi
$123,653
Median Household Income
$87,607
Median Earnings
$2,202
Median Rent
$894,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom residence includes a private outdoor space and a parking space that conveys with the unit.
Where is this residential income property located?
The property is located at 2829 CONNECTICUT AVENUE NW Unit 503 Washington, DC.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 760‑square‑foot, one‑bedroom, one‑bathroom residence; Parking space #36 conveys with the unit; Private balcony and open layout
