Corner-Unit Residential Income
For Sale
$355,000
329 RHODE ISLAND AVENUE NE Unit 104, Washington, DC 20002
Elevated condominium residence with an efficient two-bedroom layout and shared fitness and rooftop amenities.
Property Size763 SF
Days on Market71
Property Features for 329 RHODE ISLAND AVENUE NE Unit 104
General Information
Standard status
Active
Size
763 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Taxes and HOA fees
Annual Taxes
$3,022
Building Details
Building Size
763 SF
Year Built
1927
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Brittanie DeChino · License #SP98378319
(202) 802-0158
Source:
Kwcapitalproperties
Added: Aug 22
Changed: Oct 25
Last Checked: Oct 30 at 9:02PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This elevated corner condominium unit offers three-sided exposure and a well-organized interior with an entry foyer, open kitchen, defined living and dining areas, and two bedrooms positioned away from the primary street exposure. The kitchen includes stainless steel appliances and stone countertops, while hardwood flooring and an in-unit washer and dryer add practical functionality. The residence is part of a secure condominium building originally constructed in 1927 and comprehensively remodeled in 2012.
Shared features include a rooftop deck, fitness center, landscaped grounds, and basement storage cubbies. The property is situated near Bryant Street Market, Alamo Drafthouse, Kraken Courts, F45, City State Brewing, Bouldering Project, Union Kitchen Market, and Lost Generation Brewing. The Metropolitan Branch Trail is nearby, and RIA Metro on the red line is less than 1/2 mile away.
Shared features include a rooftop deck, fitness center, landscaped grounds, and basement storage cubbies. The property is situated near Bryant Street Market, Alamo Drafthouse, Kraken Courts, F45, City State Brewing, Bouldering Project, Union Kitchen Market, and Lost Generation Brewing. The Metropolitan Branch Trail is nearby, and RIA Metro on the red line is less than 1/2 mile away.
Key Highlights
- Corner unit with three‑sided exposure and elevated position above ground level
- Two‑bedroom layout with foyer, open kitchen, and distinct living and dining areas
- Stainless steel appliances, stone countertops, hardwood floors, and in‑unit washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,990
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,800
$259.8K
Cap Rate 7%
$185,571
$185.6K
Cap Rate 9%
$144,333
$144.3K
Market Conditions
NOI Build-Up for 763 SF
Gross rent
$25.2K $33.00/SF
− Vacancy
−$1.6K −$2.05/SF
EGI
$23.6K $30.95/SF
− OpEx
−$10.6K −$13.93/SF
NOI
$13.0K $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%
$259,800
Cap Rate 7%
$185,571
Cap Rate 9%
$144,333
Alternative Uses
Best Use
Apartment 5plus
$185.6K
$162.4K – $216.5K
NOI $12,990 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.9K
$344.7K – $459.6K
NOI $27,576 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
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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 - Elevated condominium residence with an efficient two-bedroom layout and shared fitness and rooftop amenities.
Where is this residential income property located?
The property is located at 329 RHODE ISLAND AVENUE NE Unit 104 Washington, DC.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Corner unit with three‑sided exposure and elevated position above ground level; Two‑bedroom layout with foyer, open kitchen, and distinct living and dining areas; Stainless steel appliances, stone countertops, hardwood floors, and in‑unit washer/dryer
