Updated Studio
For Sale
$210,000
2939 VAN NESS STREET NW Unit 336, Washington, DC 20008
Residents have access to pools, an exercise room, a party room, guest parking, and a 24-hour desk.
Property Size461 SF
Price / SF$455.53
Days on Market90
Property Features for 2939 VAN NESS STREET NW Unit 336
General Information
Standard status
Active
Size
461 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Furnished
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$771
Amenities
pool
24-hour desk
exercise room
party room
Building Details
Building Size
461 SF
Year Built
1964
Year Renovated
2019
Tenancy
Single
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 2
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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 461-square-foot studio apartment was renovated in 2019, including its kitchen and bathroom. The kitchen has new appliances, and the unit receives natural light. Furnishings may be included in a sale. The building dates to 1964 and offers two pools, an exercise room, a party room, guest parking, and a 24-hour desk. The unit is currently occupied, and the tenant would like to remain.
Red Line Metro, Giant, CVS, Starbucks, shops, and restaurants are nearby. The property is also close to UDC and Howard Law School.
Red Line Metro, Giant, CVS, Starbucks, shops, and restaurants are nearby. The property is also close to UDC and Howard Law School.
Key Highlights
- 461‑square‑foot studio apartment
- Renovated in 2019, including the kitchen and bathroom
- Two pools, exercise room, party room, guest parking, and a 24‑hour desk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,660
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,200
$153.2K
Cap Rate 7%
$109,429
$109.4K
Cap Rate 9%
$85,111
$85.1K
Market Conditions
NOI Build-Up for 461 SF
Gross rent
$14.7K $31.80/SF
− Vacancy
−$733 −$1.59/SF
EGI
$13.9K $30.21/SF
− OpEx
−$6.3K −$13.59/SF
NOI
$7.7K $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%
$153,200
Cap Rate 7%
$109,429
Cap Rate 9%
$85,111
Alternative Uses
Best Use
Apartment 5plus
$109.4K
$95.8K – $127.7K
NOI $7,660 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$237.1K
$207.5K – $276.7K
NOI $16,599 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Single-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to pools, an exercise room, a party room, guest parking, and a 24-hour desk.
Where is this residential income property located?
The property is located at 2939 VAN NESS STREET NW Unit 336 Washington, DC.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 461‑square‑foot studio apartment; Renovated in 2019, including the kitchen and bathroom; Two pools, exercise room, party room, guest parking, and a 24‑hour desk
