Residential Income Unit with Garage
For Sale
$269,000
2939 VAN NESS STREET NW Unit 1019, Washington, DC 20008
Updated kitchen appliances, a renovated bathroom, building pools, and secure garage parking accompany this residence.
Property Size786 SF
Price / SF$342.24
Days on Market94
Property Features for 2939 VAN NESS STREET NW Unit 1019
General Information
Standard status
Active
Size
786 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$2,823
Amenities
two swimming pools
24-hour front desk
on-site engineering office
laundry facilities
storage locker
underground passage
Building Details
Building Size
786 SF
Year Built
1964
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Carrie A Carter · License #AB98368253
(202) 421-3938
Source:
Jackrealtygroup
Added: Jul 29
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 TTR Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income unit measures 786 square feet and is in a building constructed in 1964. Interior features include a renovated bathroom, generous closet capacity, and a dedicated storage locker. A range and dishwasher were installed in 2024, and laundry facilities are located on the same floor. The unit also includes a secure garage parking space.
Building services and amenities include a 24-hour front desk, an on-site engineering office, and two swimming pools. An underground passage provides access through the building during inclement weather.
The Metro and two grocery stores are a six-minute walk away. Rock Creek Park is one mile from the property.
Building services and amenities include a 24-hour front desk, an on-site engineering office, and two swimming pools. An underground passage provides access through the building during inclement weather.
The Metro and two grocery stores are a six-minute walk away. Rock Creek Park is one mile from the property.
Key Highlights
- Secure garage parking space included
- Range and dishwasher installed in 2024; bathroom renovated
- Two swimming pools and a 24‑hour front desk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,060
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,200
$261.2K
Cap Rate 7%
$186,571
$186.6K
Cap Rate 9%
$145,111
$145.1K
Market Conditions
NOI Build-Up for 786 SF
Gross rent
$25.0K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.7K $30.21/SF
− OpEx
−$10.7K −$13.59/SF
NOI
$13.1K $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%
$261,200
Cap Rate 7%
$186,571
Cap Rate 9%
$145,111
Alternative Uses
Best Use
Apartment 5plus
$186.6K
$163.3K – $217.7K
NOI $13,060 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$404.3K
$353.8K – $471.7K
NOI $28,301 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen appliances, a renovated bathroom, building pools, and secure garage parking accompany this residence.
Where is this residential income property located?
The property is located at 2939 VAN NESS STREET NW Unit 1019 Washington, DC.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Secure garage parking space included; Range and dishwasher installed in 2024; bathroom renovated; Two swimming pools and a 24‑hour front desk
