One-Bedroom Residential
For Sale
$265,000
3018 PORTER STREET NW Unit 201, Washington, DC 20008
The apartment includes hardwood floors, quartz counters and high ceilings, with shared outdoor space and basement laundry in the building.
Property Size650 SF
Price / SF$407.69
Days on Market65
Property Features for 3018 PORTER STREET NW Unit 201
General Information
Standard status
Active
Size
650 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cleveland Park
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
outdoor BBQ and gathering area
on-site laundry
Building Details
Building Size
650 SF
Year Built
1925
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 27
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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 Jack Realty Group
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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 one-bedroom co-op apartment offers 650 square feet of living space. Interior features include hardwood floors, quartz counters, high ceilings and abundant natural light. The unit was freshly painted, and the building dates to 1925.
Residents have access to a shared rear outdoor BBQ and gathering area, along with free laundry in the basement. The monthly co-op fee covers gas, water, common-area maintenance and property taxes; residents pay separately for electricity and internet.
The Cleveland Park Metro is steps away, with restaurants, cafes, shops and everyday services nearby. Rock Creek Park provides access to trails and wooded surroundings close to the property.
Residents have access to a shared rear outdoor BBQ and gathering area, along with free laundry in the basement. The monthly co-op fee covers gas, water, common-area maintenance and property taxes; residents pay separately for electricity and internet.
The Cleveland Park Metro is steps away, with restaurants, cafes, shops and everyday services nearby. Rock Creek Park provides access to trails and wooded surroundings close to the property.
Key Highlights
- 650‑square‑foot, one‑bedroom co‑op apartment
- Built in 1925
- Hardwood floors, quartz counters and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,800
Cap Rate
4.08%
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 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.3K
$292.6K – $390.1K
NOI $23,404 @ 7.0% cap · market cap 8.83%
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 apartment includes hardwood floors, quartz counters and high ceilings, with shared outdoor space and basement laundry in the building.
Where is this residential income property located?
The property is located at 3018 PORTER STREET NW Unit 201 Washington, DC.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 650‑square‑foot, one‑bedroom co‑op apartment; Built in 1925; Hardwood floors, quartz counters and high ceilings
