Single-Level Residential Income
For Sale
$279,000
3028 PINEVIEW COURT NE Unit 3028, Washington, DC 20018
The condo includes an updated kitchen, in-unit laundry, and assigned parking.
Property Size880 SF
Price / SF$317.05
Days on Market161
Property Features for 3028 PINEVIEW COURT NE Unit 3028
General Information
Standard status
Active
Size
880 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Highway Access
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$1,246
Amenities
in-unit washer and dryer
Building Details
Building Size
880 SF
Year Built
1978
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 22
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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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Investment Insights
Based on property information with market context.
This single-level condo contains 880 square feet with two bedrooms and one bathroom. The unit is at street level with no steps, and features an updated kitchen and an in-unit washer and dryer. The building dates to 1978.
One assigned parking space is included, with additional guest parking. The property offers access to I-295 and Route 50 and is less than 20 minutes from downtown Washington, DC. Costco, Lowe’s, Dick’s Sporting Goods, Marshalls, Starbucks, Chipotle, and other retail and dining options are also identified nearby.
One assigned parking space is included, with additional guest parking. The property offers access to I-295 and Route 50 and is less than 20 minutes from downtown Washington, DC. Costco, Lowe’s, Dick’s Sporting Goods, Marshalls, Starbucks, Chipotle, and other retail and dining options are also identified nearby.
Key Highlights
- 880‑square‑foot, two‑bedroom, one‑bath condo
- Single‑level unit at street grade with no steps
- Updated kitchen and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,622
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,440
$292.4K
Cap Rate 7%
$208,886
$208.9K
Cap Rate 9%
$162,467
$162.5K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$28.0K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.6K $30.21/SF
− OpEx
−$12.0K −$13.59/SF
NOI
$14.6K $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%
$292,440
Cap Rate 7%
$208,886
Cap Rate 9%
$162,467
Alternative Uses
Best Use
Apartment 5plus
$208.9K
$182.8K – $243.7K
NOI $14,622 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.6K
$396.1K – $528.1K
NOI $31,685 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes an updated kitchen, in-unit laundry, and assigned parking.
Where is this residential income property located?
The property is located at 3028 PINEVIEW COURT NE Unit 3028 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: 880‑square‑foot, two‑bedroom, one‑bath condo; Single‑level unit at street grade with no steps; Updated kitchen and in‑unit washer and dryer
