Residential Income Property with
For Sale
$515,000
3223 WARDER STREET NW Unit 2, Washington, DC 20010
Modern condo with an open layout, hardwood flooring, stainless steel appliances, and access to shared rear parking.
Property Size1,693 SF
Price / SF$304.19
Days on Market90
Property Features for 3223 WARDER STREET NW Unit 2
General Information
Standard status
Active
Size
1,693 SF
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
$6,912
Amenities
private patio
Building Details
Building Size
1,693 SF
Year Built
2017
Listing Agency:
Northrop Realty
Listed By:
Daniel B Register IV · License #534790
(410) 531-0321
Source:
Kerishull
Added: Jul 9
Changed: Oct 3
Last Checked: Oct 5 at 11:59PM
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 Northrop Realty
Investment Insights
Based on property information with market context.
Built in 2017, this residential income property is configured as a modern condominium with an open floor plan, hardwood floors, large street-facing windows, and abundant natural light. The kitchen includes stainless steel appliances, granite countertops, and substantial storage. The home contains three bedrooms, three and a half baths, ample closet space, and a private patio. Rear parking is available through a shared, unassigned arrangement.
The property is located on Warder Street NW in Washington, DC, near Columbia Heights and within convenient reach of the Columbia Heights and Georgia Ave-Petworth Metro stations. Nearby destinations named in the property information include St. Vincent Wine, Hook Hall, Midlands Beer Garden, Call Your Mother, Wangari Garden, Children's National Hospital, and MedStar Washington Hospital Center.
The property is located on Warder Street NW in Washington, DC, near Columbia Heights and within convenient reach of the Columbia Heights and Georgia Ave-Petworth Metro stations. Nearby destinations named in the property information include St. Vincent Wine, Hook Hall, Midlands Beer Garden, Call Your Mother, Wangari Garden, Children's National Hospital, and MedStar Washington Hospital Center.
Key Highlights
- 2017‑built condominium with three bedrooms and three and a half baths
- Open interior with hardwood floors, large windows, and abundant natural light
- Kitchen features stainless steel appliances, granite countertops, and ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,130
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,600
$562.6K
Cap Rate 7%
$401,857
$401.9K
Cap Rate 9%
$312,556
$312.6K
Market Conditions
NOI Build-Up for 1,693 SF
Gross rent
$53.8K $31.80/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$51.1K $30.21/SF
− OpEx
−$23.0K −$13.59/SF
NOI
$28.1K $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%
$562,600
Cap Rate 7%
$401,857
Cap Rate 9%
$312,556
Alternative Uses
Best Use
Apartment 5plus
$401.9K
$351.6K – $468.8K
NOI $28,130 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$870.8K
$762.0K – $1.02M
NOI $60,958 @ 7.0% cap · market cap 11.84%
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
4,620
Businesses Nearby
Explore this area
Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Modern condo with an open layout, hardwood flooring, stainless steel appliances, and access to shared rear parking.
Where is this residential income property located?
The property is located at 3223 WARDER STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2017‑built condominium with three bedrooms and three and a half baths; Open interior with hardwood floors, large windows, and abundant natural light; Kitchen features stainless steel appliances, granite countertops, and ample storage
