Renovated Residential Income
For Sale
$275,000
3028 WISCONSIN AVENUE NW Unit 105, Washington, DC 20016
A corner unit pairs a remodeled interior with in-unit laundry and access to a resident garden and dog run.
Property Size570 SF
Price / SF$544.55
Days on Market58
Property Features for 3028 WISCONSIN AVENUE NW Unit 105
General Information
Standard status
Active
Size
570 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cathedral Heights
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,556
Amenities
in-unit washer/dryer
private garden
dog-run
Building Details
Building Size
570 SF
Year Built
1930
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 3
Changed: Oct 27
Last Checked: Oct 26 at 3:09PM
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 505-square-foot, one-bedroom corner condo at 3028 Wisconsin Avenue NW, Unit 105, has a foyer, arched entry, and living and dining area with parquet flooring and chair rail molding. The kitchen includes a Bertazzoni gas range and microwave, Bosch dishwasher, stainless-steel refrigerator, and Carrara marble backsplash. The bedroom has new hardwood flooring and a solid-core barn-style closet door. A full bathroom renovation added a walk-in shower, new fixtures, subway tile, and marble accents. Other updates include fresh paint, new blinds and contemporary lighting, solid wood doors, and an in-unit washer and dryer. The building dates to 1930.
Building amenities include a private outdoor garden for residents and a dog run. The National Cathedral is just beyond the building, with access to its garden. Nearby area offerings include dining, grocery, and wellness businesses; Georgetown, Dupont Circle, and Downtown DC are also accessible from the area.
Building amenities include a private outdoor garden for residents and a dog run. The National Cathedral is just beyond the building, with access to its garden. Nearby area offerings include dining, grocery, and wellness businesses; Georgetown, Dupont Circle, and Downtown DC are also accessible from the area.
Key Highlights
- 505‑square‑foot, one‑bedroom corner condo
- Kitchen features a Bertazzoni gas range and microwave, Bosch dishwasher, stainless‑steel refrigerator, and Carrara marble backsplash
- Renovated bathroom with walk‑in shower, subway tile, marble accents, and new fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,391
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,820
$167.8K
Cap Rate 7%
$119,871
$119.9K
Cap Rate 9%
$93,233
$93.2K
Market Conditions
NOI Build-Up for 505 SF
Gross rent
$16.1K $31.80/SF
− Vacancy
−$803 −$1.59/SF
EGI
$15.3K $30.21/SF
− OpEx
−$6.9K −$13.59/SF
NOI
$8.4K $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%
$167,820
Cap Rate 7%
$119,871
Cap Rate 9%
$93,233
Alternative Uses
Best Use
Apartment 5plus
$119.9K
$104.9K – $139.9K
NOI $8,391 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.8K
$227.3K – $303.1K
NOI $18,183 @ 7.0% cap · market cap 6.61%
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 - A corner unit pairs a remodeled interior with in-unit laundry and access to a resident garden and dog run.
Where is this residential income property located?
The property is located at 3028 WISCONSIN AVENUE NW Unit 105 Washington, DC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 505‑square‑foot, one‑bedroom corner condo; Kitchen features a Bertazzoni gas range and microwave, Bosch dishwasher, stainless‑steel refrigerator, and Carrara marble backsplash; Renovated bathroom with walk‑in shower, subway tile, marble accents, and new fixtures
