One-Bedroom Residential Income
For Sale
$279,000
3024 WISCONSIN AVENUE NW Unit 101, Washington, DC 20016
The condominium residence has a full bath, a separate bedroom, and views of the Washington National Cathedral.
Property Size655 SF
Price / SF$425.95
Days on Market226
Property Features for 3024 WISCONSIN AVENUE NW Unit 101
General Information
Standard status
Active
Size
655 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cathedral Heights
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,040
Building Details
Building Size
655 SF
Year Built
1930
Listing Agency:
Washington Fine Properties, LLC
Listed By:
Nathan J Guggenheim · License #SP98364671
(202) 333-5905
Source:
Jackrealtygroup
Added: Mar 19
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 Washington Fine Properties, LLC
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Investment Insights
Based on property information with market context.
This 655-square-foot condominium residence has one bedroom and one full bathroom. The layout includes a living area and a kitchen with cabinetry and workspace, along with bedroom closet space. The unit is in a building constructed in 1930 and has direct views of the Washington National Cathedral.
Located at 3024 Wisconsin Avenue NW in Washington, DC, the property is near Cleveland Park restaurants including 2Amys, Cactus Cantina, Heritage India, Raku, and La Piquette. Grocery stores and transportation options are also described as nearby.
Located at 3024 Wisconsin Avenue NW in Washington, DC, the property is near Cleveland Park restaurants including 2Amys, Cactus Cantina, Heritage India, Raku, and La Piquette. Grocery stores and transportation options are also described as nearby.
Key Highlights
- 655‑square‑foot condominium residence
- One bedroom and one full bathroom
- Direct views of the Washington National Cathedral
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,883
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,660
$217.7K
Cap Rate 7%
$155,471
$155.5K
Cap Rate 9%
$120,922
$120.9K
Market Conditions
NOI Build-Up for 655 SF
Gross rent
$20.8K $31.80/SF
− Vacancy
−$1.0K −$1.59/SF
EGI
$19.8K $30.21/SF
− OpEx
−$8.9K −$13.59/SF
NOI
$10.9K $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%
$217,660
Cap Rate 7%
$155,471
Cap Rate 9%
$120,922
Alternative Uses
Best Use
Apartment 5plus
$155.5K
$136.0K – $181.4K
NOI $10,883 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.9K
$294.8K – $393.1K
NOI $23,584 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
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Business Placement
Demographics for 20016, DC
35,068
Population
15,457
Households
2.3
Avg Household Size
37
Median Age
88%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
7,970
Density / Sq Mi
$179,107
Median Household Income
$104,275
Median Earnings
$2,105
Median Rent
$1,206,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium residence has a full bath, a separate bedroom, and views of the Washington National Cathedral.
Where is this residential income property located?
The property is located at 3024 WISCONSIN AVENUE NW Unit 101 Washington, DC.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 655‑square‑foot condominium residence; One bedroom and one full bathroom; Direct views of the Washington National Cathedral
