Townhouse-Style Income
For Sale
$695,000
310 V STREET NE Unit 1, Washington, DC 20002
Two-level residence with private entry, multiple outdoor areas, and separately deeded parking.
Property Size1,655 SF
Price / SF$419.94
Days on Market19
Property Features for 310 V STREET NE Unit 1
General Information
Standard status
Active
Size
1,655 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/3.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,862
Amenities
private entrance
fenced front yard
balconies
fenced patio
Building Details
Building Size
1,655 SF
Year Built
2016
Stories
2
Listing Agency:
Compass
Listed By:
Jennifer S Smira · License #SP600505
(202) 280-2060
Source:
Kerishull
Added: Sep 18
Changed: Oct 3
Last Checked: Oct 5 at 10:31PM
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
Investment Insights
Based on property information with market context.
This two-level townhouse-style condominium was built in 2016 and offers 1,655 square feet with three bedrooms and 3.5 baths. Each bedroom includes an en-suite bath, while the main living level combines a chef’s kitchen with quartz counters, white cabinetry, stainless steel KitchenAid appliances, dining space, and living areas. Hardwood flooring has been repolished and restained, and the interior has been repainted and professionally deep cleaned. Oversized windows, high ceilings, custom window treatments, and walk-in closets add to the home’s functional design.
The property includes a private entrance with no shared interior hallway, a separately deeded Parking Space #1, and several outdoor areas. These include a fenced and landscaped front yard shared with one other neighbor, a private fenced patio, and elevated rear balconies. The primary suite also has a balcony with a newly installed privacy screen. The residence is near the Rhode Island Avenue-Brentwood Metro, Giant, neighborhood parks, Bryant Street Market, Alamo Drafthouse Cinema, City-State Brewing Co., and Kraken Kourts, with Brookland, Bloomingdale, Union Market, NoMa, and downtown Washington within easy reach.
The property includes a private entrance with no shared interior hallway, a separately deeded Parking Space #1, and several outdoor areas. These include a fenced and landscaped front yard shared with one other neighbor, a private fenced patio, and elevated rear balconies. The primary suite also has a balcony with a newly installed privacy screen. The residence is near the Rhode Island Avenue-Brentwood Metro, Giant, neighborhood parks, Bryant Street Market, Alamo Drafthouse Cinema, City-State Brewing Co., and Kraken Kourts, with Brookland, Bloomingdale, Union Market, NoMa, and downtown Washington within easy reach.
Key Highlights
- 1,655‑square‑foot two‑level condominium built in 2016
- Three bedrooms, each with an en‑suite bath, plus 3.5 baths
- Separately deeded Parking Space #1 at the rear of the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,176
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,520
$563.5K
Cap Rate 7%
$402,514
$402.5K
Cap Rate 9%
$313,067
$313.1K
Market Conditions
NOI Build-Up for 1,655 SF
Gross rent
$54.6K $33.00/SF
− Vacancy
−$3.4K −$2.05/SF
EGI
$51.2K $30.95/SF
− OpEx
−$23.1K −$13.93/SF
NOI
$28.2K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,520
Cap Rate 7%
$402,514
Cap Rate 9%
$313,067
Alternative Uses
Best Use
Apartment 5plus
$402.5K
$352.2K – $469.6K
NOI $28,176 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$854.5K
$747.7K – $996.9K
NOI $59,814 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residence with private entry, multiple outdoor areas, and separately deeded parking.
Where is this residential income property located?
The property is located at 310 V STREET NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,655‑square‑foot two‑level condominium built in 2016; Three bedrooms, each with an en‑suite bath, plus 3.5 baths; Separately deeded Parking Space #1 at the rear of the property
