One-Bedroom Residential Income
For Sale
$310,000
3018 PORTER STREET NW Unit 103, Washington, DC 20008
The cooperative residence includes shared grilling space and complimentary laundry.
Property Size650 SF
Price / SF$476.92
Days on Market148
Property Features for 3018 PORTER STREET NW Unit 103
General Information
Standard status
Active
Size
650 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Cleveland Park
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$11,882
Amenities
shared outdoor grilling and gathering area
complimentary laundry facilities
updated front-door security system
Building Details
Building Size
650 SF
Year Built
1926
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
William Conover · License #SP98377448
(202) 465-1957
Source:
Exqrealestate
Added: Jun 5
Changed: Oct 27
Last Checked: Oct 27 at 3:15AM
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 Long & Foster Real Estate, Inc.
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.
This 650-square-foot, one-bedroom cooperative residence is in a building constructed in 1926. Interior features include heart-pine flooring, high ceilings, generous closet storage, and original architectural details. The building has an updated front-door security system, complimentary laundry, and a shared outdoor area for grilling and gatherings. The co-op fee covers property taxes, gas, water, and common-area maintenance.
The property is in Cleveland Park, near cafes, restaurants, shops, and a weekend farmers market along Connecticut Avenue. Rock Creek Park and the National Zoo are nearby, and Metro is a short walk away.
The property is in Cleveland Park, near cafes, restaurants, shops, and a weekend farmers market along Connecticut Avenue. Rock Creek Park and the National Zoo are nearby, and Metro is a short walk away.
Key Highlights
- 650‑square‑foot one‑bedroom cooperative residence
- Built in 1926
- Heart‑pine floors, high ceilings, and generous closet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,800
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,000
$216.0K
Cap Rate 7%
$154,286
$154.3K
Cap Rate 9%
$120,000
$120.0K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$20.7K $31.80/SF
− Vacancy
−$1.0K −$1.59/SF
EGI
$19.6K $30.21/SF
− OpEx
−$8.8K −$13.59/SF
NOI
$10.8K $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%
$216,000
Cap Rate 7%
$154,286
Cap Rate 9%
$120,000
Alternative Uses
Best Use
Apartment 5plus
$154.3K
$135.0K – $180.0K
NOI $10,800 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.3K
$292.6K – $390.1K
NOI $23,404 @ 7.0% cap · market cap 7.55%
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
1,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 20008, DC
30,143
Population
18,083
Households
1.7
Avg Household Size
38
Median Age
89%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,724
Density / Sq Mi
$123,653
Median Household Income
$87,607
Median Earnings
$2,202
Median Rent
$894,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The cooperative residence includes shared grilling space and complimentary laundry.
Where is this residential income property located?
The property is located at 3018 PORTER STREET NW Unit 103 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: 650‑square‑foot one‑bedroom cooperative residence; Built in 1926; Heart‑pine floors, high ceilings, and generous closet storage
