Top-Floor Residential Income
For Sale
$294,900
3033 NEW MEXICO AVENUE NW Unit 306, Washington, DC 20016
A designated surface parking space, separate storage, and a grandfathered in-unit washer and dryer hookup are included.
Property Size723 SF
Price / SF$407.88
Days on Market128
Property Features for 3033 NEW MEXICO AVENUE NW Unit 306
General Information
Standard status
Active
Size
723 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wesley Heights
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,269
Amenities
in-unit washer/dryer hookup
storage unit
Building Details
Building Size
723 SF
Year Built
1959
Listing Agency:
Compass
Listed By:
Scott Sachs · License #SP98362780
(301) 908-4373
Source:
Jackrealtygroup
Added: Jun 23
Changed: Oct 27
Last Checked: Oct 26 at 3:24PM
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 Compass
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Investment Insights
Based on property information with market context.
This 723-square-foot, top-floor residence was built in 1959 and has an open living and dining area with hardwood flooring and large windows. The kitchen has stainless steel appliances, granite countertops, substantial cabinetry, and a pass-through to the main living space. A spacious bedroom overlooks parkland, and storage is available within the residence as well as in a separate storage unit. A grandfathered in-unit washer and dryer hookup is also present.
The property is adjacent to parkland and near neighborhood shops, restaurants, and everyday services. One designated surface parking space is included.
The property is adjacent to parkland and near neighborhood shops, restaurants, and everyday services. One designated surface parking space is included.
Key Highlights
- 723‑square‑foot top‑floor residence
- Built in 1959
- Kitchen with stainless steel appliances, granite countertops, and a pass‑through to the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,013
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,260
$240.3K
Cap Rate 7%
$171,614
$171.6K
Cap Rate 9%
$133,478
$133.5K
Market Conditions
NOI Build-Up for 723 SF
Gross rent
$23.0K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.8K $30.21/SF
− OpEx
−$9.8K −$13.59/SF
NOI
$12.0K $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%
$240,260
Cap Rate 7%
$171,614
Cap Rate 9%
$133,478
Alternative Uses
Best Use
Apartment 5plus
$171.6K
$150.2K – $200.2K
NOI $12,013 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.9K
$325.4K – $433.9K
NOI $26,032 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,247
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 designated surface parking space, separate storage, and a grandfathered in-unit washer and dryer hookup are included.
Where is this residential income property located?
The property is located at 3033 NEW MEXICO AVENUE NW Unit 306 Washington, DC.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: 723‑square‑foot top‑floor residence; Built in 1959; Kitchen with stainless steel appliances, granite countertops, and a pass‑through to the living area
