Residential Income Property with
For Sale
$259,900
300 M STREET SW Unit N310, Washington, DC 20024
The renovated residence includes a private balcony and a one-bedroom, one-bath layout.
Property Size546 SF
Days on Market16
Property Features for 300 M STREET SW Unit N310
General Information
Standard status
Active
Size
546 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,125
Amenities
private balcony
Building Details
Building Size
546 SF
Year Built
1967
Listing Agency:
KW Metro Center
Listed By:
Marvin N Rosales
(202) 557-9187
Source:
Kwcapitalproperties
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 30 at 8:38PM
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 KW Metro Center
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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 property is a renovated condominium with one bedroom and one bathroom. A private balcony extends the living space, and the building dates to 1967.
The residence is in Southwest Washington, DC, near The Wharf, waterfront dining, retail, entertainment, parks, and transportation options.
The residence is in Southwest Washington, DC, near The Wharf, waterfront dining, retail, entertainment, parks, and transportation options.
Key Highlights
- One‑bedroom, one‑bath condominium
- Private balcony
- Renovated interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,072
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,440
$181.4K
Cap Rate 7%
$129,600
$129.6K
Cap Rate 9%
$100,800
$100.8K
Market Conditions
NOI Build-Up for 546 SF
Gross rent
$17.4K $31.80/SF
− Vacancy
−$868 −$1.59/SF
EGI
$16.5K $30.21/SF
− OpEx
−$7.4K −$13.59/SF
NOI
$9.1K $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%
$181,440
Cap Rate 7%
$129,600
Cap Rate 9%
$100,800
Alternative Uses
Best Use
Apartment 5plus
$129.6K
$113.4K – $151.2K
NOI $9,072 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.8K
$245.7K – $327.7K
NOI $19,659 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
Frequently Asked Questions
What type of property is this?
Residential income property - The renovated residence includes a private balcony and a one-bedroom, one-bath layout.
Where is this residential income property located?
The property is located at 300 M STREET SW Unit N310 Washington, DC.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium; Private balcony; Renovated interior
