Residential Income Property with
For Sale
$420,000
3 WASHINGTON CIRCLE NW Unit 804, Washington, DC 20037
Eighth-floor condominium with hardwood floors, in-unit laundry, private bath, and access to concierge service.
Property Size830 SF
Days on Market33
Property Features for 3 WASHINGTON CIRCLE NW Unit 804
General Information
Standard status
Active
Size
830 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,481
Building Details
Building Size
830 SF
Year Built
1909
Listing Agency:
Compass
Listed By:
Mary Noone
(240) 461-3928
Source:
Kwcapitalproperties
Added: Sep 17
Changed: Oct 14
Last Checked: Oct 16 at 3:10PM
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 Compass
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Investment Insights
Based on property information with market context.
This eighth-floor condominium in a 1909 building combines a defined entertaining layout with classic interior details. The residence includes vintage hardwood floors, panoramic windows, abundant natural light, a double-sided decorative fireplace, and an inviting vestibule. A galley kitchen connects to a dedicated formal dining area, while the bedroom offers two closets, including a walk-in closet that leads to the private primary bath. A separate powder room and in-unit laundry add everyday functionality. Parking is available through either a rental space or a deeded-space option.
Building amenities include a front-desk concierge and recently replaced elevators. The property is positioned near the Foggy Bottom-GWU Metro, Trader Joe’s, Whole Foods, George Washington University, and GW Hospital. Georgetown shops, restaurants, and waterfront destinations, along with the Kennedy Center, Rock Creek Park trails, and West End dining, are also nearby.
Building amenities include a front-desk concierge and recently replaced elevators. The property is positioned near the Foggy Bottom-GWU Metro, Trader Joe’s, Whole Foods, George Washington University, and GW Hospital. Georgetown shops, restaurants, and waterfront destinations, along with the Kennedy Center, Rock Creek Park trails, and West End dining, are also nearby.
Key Highlights
- Eighth‑floor condominium in a 1909 building
- Panoramic windows, vintage hardwood floors, and a double‑sided decorative fireplace
- Formal dining area, galley kitchen, separate powder room, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,791
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,820
$275.8K
Cap Rate 7%
$197,014
$197.0K
Cap Rate 9%
$153,233
$153.2K
Market Conditions
NOI Build-Up for 830 SF
Gross rent
$26.4K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$25.1K $30.21/SF
− OpEx
−$11.3K −$13.59/SF
NOI
$13.8K $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%
$275,820
Cap Rate 7%
$197,014
Cap Rate 9%
$153,233
Alternative Uses
Best Use
Apartment 5plus
$197.0K
$172.4K – $229.9K
NOI $13,791 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$426.9K
$373.6K – $498.1K
NOI $29,885 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
17,858
Businesses Nearby
Explore this area
Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Eighth-floor condominium with hardwood floors, in-unit laundry, private bath, and access to concierge service.
Where is this residential income property located?
The property is located at 3 WASHINGTON CIRCLE NW Unit 804 Washington, DC.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Eighth‑floor condominium in a 1909 building; Panoramic windows, vintage hardwood floors, and a double‑sided decorative fireplace; Formal dining area, galley kitchen, separate powder room, and in‑unit laundry
