Renovated Residential Income
For Sale
$310,000
300 M STREET SW Unit N808, Washington, DC 20024
Penthouse residence with one bedroom, one bath, a private balcony, and updated interior finishes.
Property Size676 SF
Days on Market35
Property Features for 300 M STREET SW Unit N808
General Information
Standard status
Active
Size
676 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,863
Amenities
private balcony
Building Details
Building Size
676 SF
Year Built
1967
Listing Agency:
KW Metro Center
Listed By:
Coco Palomeque · License #SP200201457
(202) 494-3235
Source:
Kwcapitalproperties
Added: Sep 15
Changed: Oct 11
Last Checked: Oct 16 at 4:58PM
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 penthouse residence in Washington, DC, built in 1967 and updated with contemporary finishes. The one-bedroom, one-bath layout includes an open living area, a renovated kitchen, an updated bathroom, and a private balcony. Elevated placement adds privacy and provides city views.
The property is located at 300 M Street SW, near The Wharf, waterfront dining, shopping, entertainment, parks, and transportation. Its combination of residential scale, renovated interiors, and outdoor space creates a practical urban configuration within Southwest DC.
The property is located at 300 M Street SW, near The Wharf, waterfront dining, shopping, entertainment, parks, and transportation. Its combination of residential scale, renovated interiors, and outdoor space creates a practical urban configuration within Southwest DC.
Key Highlights
- One‑bedroom, one‑bath penthouse residence
- Renovated kitchen and updated bathroom
- Private balcony with city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,232
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,640
$224.6K
Cap Rate 7%
$160,457
$160.5K
Cap Rate 9%
$124,800
$124.8K
Market Conditions
NOI Build-Up for 676 SF
Gross rent
$21.5K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.4K $30.21/SF
− OpEx
−$9.2K −$13.59/SF
NOI
$11.2K $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%
$224,640
Cap Rate 7%
$160,457
Cap Rate 9%
$124,800
Alternative Uses
Best Use
Apartment 5plus
$160.5K
$140.4K – $187.2K
NOI $11,232 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.7K
$304.3K – $405.7K
NOI $24,340 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 - Penthouse residence with one bedroom, one bath, a private balcony, and updated interior finishes.
Where is this residential income property located?
The property is located at 300 M STREET SW Unit N808 Washington, DC.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath penthouse residence; Renovated kitchen and updated bathroom; Private balcony with city views
