Main-Level Studio Residential Income
For Sale
$154,000
3315 WISCONSIN AVENUE NW Unit 1, Washington, DC 20016
A single-level co-op with hardwood floors, large windows, and designated parking accessible without steps.
Property Size400 SF
Price / SF$385
Days on Market143
Property Features for 3315 WISCONSIN AVENUE NW Unit 1
General Information
Standard status
Active
Size
400 SF
Property subtype
Unit/Flat/Apartment
Financials
Asking Price
$159,000
HOA Fee
$407
Site & Location
Neighborhood
Cleveland Park
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
laundry
Building Details
Building Size
400 SF
Year Built
1959
Listing Agency:
Century 21 Redwood Realty
Listed By:
WAI LUN L LEUNG · License #SP98372334
(571) 497-4607
Source:
Jackrealtygroup
Added: Jun 9
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 Century 21 Redwood Realty
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Investment Insights
Based on property information with market context.
This 400-square-foot studio co-op occupies the main level of The Chesterfield, a 1959 building. Its open living and dining area has hardwood floors and large windows. The unit is partially furnished, and laundry is on the same floor. Designated parking can be reached without using steps.
The co-op fee covers electricity, gas, heat, air conditioning, water, sewer, property taxes, management, and reserves. Cathedral Commons, with Giant and CVS, is at the Wisconsin Avenue and Macomb Street corner. Restaurants and cafes in Cleveland Park and Glover Park, American University, and Georgetown University are nearby. Bus service runs on Wisconsin Avenue.
The co-op fee covers electricity, gas, heat, air conditioning, water, sewer, property taxes, management, and reserves. Cathedral Commons, with Giant and CVS, is at the Wisconsin Avenue and Macomb Street corner. Restaurants and cafes in Cleveland Park and Glover Park, American University, and Georgetown University are nearby. Bus service runs on Wisconsin Avenue.
Key Highlights
- 400‑square‑foot studio co‑op on the main level
- Built in 1959
- Open living and dining area with hardwood floors and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,646
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,920
$132.9K
Cap Rate 7%
$94,943
$94.9K
Cap Rate 9%
$73,844
$73.8K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$12.7K $31.80/SF
− Vacancy
−$636 −$1.59/SF
EGI
$12.1K $30.21/SF
− OpEx
−$5.4K −$13.59/SF
NOI
$6.6K $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%
$132,920
Cap Rate 7%
$94,943
Cap Rate 9%
$73,844
Alternative Uses
Best Use
Apartment 5plus
$94.9K
$83.1K – $110.8K
NOI $6,646 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$205.7K
$180.0K – $240.0K
NOI $14,402 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Explore this area
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 single-level co-op with hardwood floors, large windows, and designated parking accessible without steps.
Where is this residential income property located?
The property is located at 3315 WISCONSIN AVENUE NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $154,000.
What are key features of this property?
This property features: 400‑square‑foot studio co‑op on the main level; Built in 1959; Open living and dining area with hardwood floors and large windows
