Studio Residential Income
For Sale
$155,000
300 M STREET SW Unit N704, Washington, DC 20024
Residents have access to an outdoor pool, a secured lobby, and front-desk concierge service.
Property Size463 SF
Days on Market8
Property Features for 300 M STREET SW Unit N704
General Information
Standard status
Active
Size
463 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,265
Amenities
outdoor swimming pool
secured building lobby
front desk concierge service
private balcony
Building Details
Building Size
463 SF
Year Built
1967
Listing Agency:
Samson Properties
Listed By:
Corey Lancaster
(240) 988-3173
Source:
Kwcapitalproperties
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 24 at 11:08PM
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 Samson Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit N704 is a studio condominium with a private balcony, kitchen, fresh paint, and newly installed luxury vinyl flooring. The building dates to 1967. Utilities are included in the condominium fee, and residents can use the outdoor swimming pool, secured lobby, and front-desk concierge service.
The property is at 300 M Street SW in Washington, DC. Nearby destinations include The Wharf, Arena Stage, Nationals Park, and Audi Field. Waterfront Metro Station, Safeway, and Starbucks are also a short distance away.
The property is at 300 M Street SW in Washington, DC. Nearby destinations include The Wharf, Arena Stage, Nationals Park, and Audi Field. Waterfront Metro Station, Safeway, and Starbucks are also a short distance away.
Key Highlights
- Studio condominium with private balcony and kitchen
- Fresh paint and new luxury vinyl flooring
- Utilities included in the condominium fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,693
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,860
$153.9K
Cap Rate 7%
$109,900
$109.9K
Cap Rate 9%
$85,478
$85.5K
Market Conditions
NOI Build-Up for 463 SF
Gross rent
$14.7K $31.80/SF
− Vacancy
−$736 −$1.59/SF
EGI
$14.0K $30.21/SF
− OpEx
−$6.3K −$13.59/SF
NOI
$7.7K $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%
$153,860
Cap Rate 7%
$109,900
Cap Rate 9%
$85,478
Alternative Uses
Best Use
Apartment 5plus
$109.9K
$96.2K – $128.2K
NOI $7,693 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.2K
$208.4K – $277.9K
NOI $16,671 @ 7.0% cap · market cap 10.76%
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 - Residents have access to an outdoor pool, a secured lobby, and front-desk concierge service.
Where is this residential income property located?
The property is located at 300 M STREET SW Unit N704 Washington, DC.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Studio condominium with private balcony and kitchen; Fresh paint and new luxury vinyl flooring; Utilities included in the condominium fee
