Residential Income Property with
For Sale
$185,000
300 M STREET SW Unit N213, Washington, DC 20024
A one-bedroom condominium includes a private balcony, courtyard views, and access to shared building amenities.
Property Size703 SF
Days on Market12
Property Features for 300 M STREET SW Unit N213
General Information
Standard status
Active
Size
703 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,869
Building Details
Building Size
703 SF
Year Built
1967
Listing Agency:
4J Real Estate, LLC
Listed By:
Justin T Paulhamus · License #BR98378390
(202) 255-5282
Source:
Kwcapitalproperties
Added: Sep 25
Changed: Oct 6
Last Checked: Oct 5 at 10:25PM
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 4J Real Estate, LLC
Investment Insights
Based on property information with market context.
This one-bedroom condominium at Carrollsburg Condominium has 1.5 bathrooms and a private balcony facing the landscaped courtyard. The living and dining area is arranged in an open layout with large windows and glass doors. A galley kitchen includes gas cooking and a dishwasher, and the bedroom has closet space and balcony access. The building, completed in 1967, offers an outdoor pool, a 24-hour front desk, laundry facilities, and landscaped grounds. All utilities are included in the condo fee; parking is available for rent.
At 300 M Street SW in Washington, DC, the property is 0.2 miles from Waterfront Metro and Safeway and Starbucks. The Wharf is 0.5 miles away, L'Enfant Plaza Metro is 0.6 miles away, and Nationals Park is 0.8 miles away.
At 300 M Street SW in Washington, DC, the property is 0.2 miles from Waterfront Metro and Safeway and Starbucks. The Wharf is 0.5 miles away, L'Enfant Plaza Metro is 0.6 miles away, and Nationals Park is 0.8 miles away.
Key Highlights
- One‑bedroom layout with 1.5 bathrooms and a private courtyard‑facing balcony
- Open living and dining area; galley kitchen has gas cooking and a dishwasher
- Bedroom offers closet space and direct balcony access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,681
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,620
$233.6K
Cap Rate 7%
$166,871
$166.9K
Cap Rate 9%
$129,789
$129.8K
Market Conditions
NOI Build-Up for 703 SF
Gross rent
$22.4K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.2K $30.21/SF
− OpEx
−$9.6K −$13.59/SF
NOI
$11.7K $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%
$233,620
Cap Rate 7%
$166,871
Cap Rate 9%
$129,789
Alternative Uses
Best Use
Apartment 5plus
$166.9K
$146.0K – $194.7K
NOI $11,681 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.6K
$316.4K – $421.9K
NOI $25,312 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom condominium includes a private balcony, courtyard views, and access to shared building amenities.
Where is this residential income property located?
The property is located at 300 M STREET SW Unit N213 Washington, DC.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: One‑bedroom layout with 1.5 bathrooms and a private courtyard‑facing balcony; Open living and dining area; galley kitchen has gas cooking and a dishwasher; Bedroom offers closet space and direct balcony access
