Residential Income Property with
For Sale
$489,999
2920 GEORGIA AVENUE NW Unit 403, Washington, DC 20001
Two bedrooms, two bathrooms, and an upper loft provide flexible living space in this Washington, DC condo.
Property Size1,115 SF
Price / SF$439.46
Days on Market157
Property Features for 2920 GEORGIA AVENUE NW Unit 403
General Information
Standard status
Active
Size
1,115 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Pleasant Plains
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,390
Amenities
shared roof deck
shared courtyard
bicycle storage
private balcony
Building Details
Building Size
1,115 SF
Year Built
2014
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 27
Changed: Oct 27
Last Checked: Oct 26 at 3:59PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,115-square-foot Washington, DC condo has two bedrooms and two bathrooms, with a loft-style layout and an upper loft. Interior features include high ceilings, hardwood floors, an open kitchen with an island, stainless steel appliances, and a private balcony. The building was constructed in 2014 and contains 26 units.
Shared amenities include a roof deck with views of the Washington Monument, a courtyard, and bicycle storage. The property is on Georgia Avenue NW, with Howard University, Park View, Pleasant Plains, Columbia Heights, and Petworth identified in the surrounding area. Dining and transit are also noted nearby.
Shared amenities include a roof deck with views of the Washington Monument, a courtyard, and bicycle storage. The property is on Georgia Avenue NW, with Howard University, Park View, Pleasant Plains, Columbia Heights, and Petworth identified in the surrounding area. Dining and transit are also noted nearby.
Key Highlights
- Two‑bedroom, two‑bathroom condo with 1,115 square feet
- Built in 2014; the building contains 26 units
- Private balcony and flexible upper loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,526
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,520
$370.5K
Cap Rate 7%
$264,657
$264.7K
Cap Rate 9%
$205,844
$205.8K
Market Conditions
NOI Build-Up for 1,115 SF
Gross rent
$35.5K $31.80/SF
− Vacancy
−$1.8K −$1.59/SF
EGI
$33.7K $30.21/SF
− OpEx
−$15.2K −$13.59/SF
NOI
$18.5K $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%
$370,520
Cap Rate 7%
$264,657
Cap Rate 9%
$205,844
Alternative Uses
Best Use
Apartment 5plus
$264.7K
$231.6K – $308.8K
NOI $18,526 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$573.5K
$501.8K – $669.1K
NOI $40,146 @ 7.0% cap · market cap 8.19%
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
5,241
Businesses Nearby
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Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, two bathrooms, and an upper loft provide flexible living space in this Washington, DC condo.
Where is this residential income property located?
The property is located at 2920 GEORGIA AVENUE NW Unit 403 Washington, DC.
What is the asking price?
The asking price for this property is $489,999.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condo with 1,115 square feet; Built in 2014; the building contains 26 units; Private balcony and flexible upper loft
