One-Bedroom Residential Income
For Sale
$259,000
2939 VAN NESS STREET NW Unit 737, Washington, DC 20008
West-facing residence with tandem garage parking, storage, and access to full-service building amenities.
Property Size584 SF
Price / SF$443.49
Days on Market452
Property Features for 2939 VAN NESS STREET NW Unit 737
General Information
Standard status
Active
Size
584 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$2,181
Amenities
24 hour concierge
storage
bike room
2 outdoor pools
Building Details
Building Size
584 SF
Year Built
1964
Listing Agency:
Harbor Realty & Investments LLC
Listed By:
Kai Zhang · License #BR200201428
(202) 431-5176
Source:
Jackrealtygroup
Added: Aug 6, 2025
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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 Harbor Realty & Investments LLC
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Investment Insights
Based on property information with market context.
This 584-square-foot, west-facing one-bedroom residence has hardwood floors, a renovated kitchen, an updated full bathroom, and combined living and dining areas. Tandem parking for two cars in garage space A-78 and storage unit 743 convey with the property.
The full-service building offers a 24-hour concierge, a bike room, storage, and two outdoor pools. Building fees include utilities. The property is near Metro, shops, and restaurants, and has a Walk Score of 91/100.
The full-service building offers a 24-hour concierge, a bike room, storage, and two outdoor pools. Building fees include utilities. The property is near Metro, shops, and restaurants, and has a Walk Score of 91/100.
Key Highlights
- 584‑square‑foot, west‑facing one‑bedroom residence
- Renovated kitchen, updated full bathroom, and hardwood floors
- Tandem two‑car garage parking at A‑78 and storage unit 743 convey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,703
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,060
$194.1K
Cap Rate 7%
$138,614
$138.6K
Cap Rate 9%
$107,811
$107.8K
Market Conditions
NOI Build-Up for 584 SF
Gross rent
$18.6K $31.80/SF
− Vacancy
−$929 −$1.59/SF
EGI
$17.6K $30.21/SF
− OpEx
−$7.9K −$13.59/SF
NOI
$9.7K $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%
$194,060
Cap Rate 7%
$138,614
Cap Rate 9%
$107,811
Alternative Uses
Best Use
Apartment 5plus
$138.6K
$121.3K – $161.7K
NOI $9,703 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.4K
$262.8K – $350.5K
NOI $21,027 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - West-facing residence with tandem garage parking, storage, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 2939 VAN NESS STREET NW Unit 737 Washington, DC.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 584‑square‑foot, west‑facing one‑bedroom residence; Renovated kitchen, updated full bathroom, and hardwood floors; Tandem two‑car garage parking at A‑78 and storage unit 743 convey
