Renovated Two-Bedroom
For Sale
$329,900
3450 SUMMIT COURT NE Unit 3450, Washington, DC 20018
The penthouse layout includes private outdoor space, a fireplace, and assigned parking.
Property Size933 SF
Price / SF$353.59
Days on Market176
Property Features for 3450 SUMMIT COURT NE Unit 3450
General Information
Standard status
Active
Size
933 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Units
Unit Mix
2-bedroom
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,092
Amenities
fireplace
in-unit washer and dryer
balcony
skylight
vaulted ceiling
walk-in closets
Building Details
Building Size
933 SF
Year Built
1978
Listing Agency:
RLAH @properties
Listed By:
Amanda S Hursen · License #SP98363675
(240) 476-9959
Source:
Canopy-re
Added: May 8
Changed: Oct 26
Last Checked: Oct 26 at 1:46PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This renovated 933-square-foot, two-bedroom penthouse condo features vaulted ceilings, a skylight, and a balcony. Luxury vinyl flooring extends throughout, and the kitchen and bathroom have both been updated. A fireplace, in-unit washer and dryer, and assigned parking add practical features. Walk-in closets are provided in each bedroom, with another walk-in storage closet in the living room. The property was built in 1978 and is VA approved.
Green space is available at the property, with a park and recreation center across the street. The Shops at Dakota Crossing, including Costco, Lowe’s, Starbucks, and restaurants, are nearby, and major commuter routes are accessible. The property is pet-friendly.
Green space is available at the property, with a park and recreation center across the street. The Shops at Dakota Crossing, including Costco, Lowe’s, Starbucks, and restaurants, are nearby, and major commuter routes are accessible. The property is pet-friendly.
Key Highlights
- 933‑square‑foot, two‑bedroom penthouse condo
- Updated kitchen and bathroom; luxury vinyl flooring throughout
- Vaulted ceilings, skylight, fireplace, and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,502
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,040
$310.0K
Cap Rate 7%
$221,457
$221.5K
Cap Rate 9%
$172,244
$172.2K
Market Conditions
NOI Build-Up for 933 SF
Gross rent
$29.7K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$28.2K $30.21/SF
− OpEx
−$12.7K −$13.59/SF
NOI
$15.5K $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%
$310,040
Cap Rate 7%
$221,457
Cap Rate 9%
$172,244
Alternative Uses
Best Use
Apartment 5plus
$221.5K
$193.8K – $258.4K
NOI $15,502 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.9K
$419.9K – $559.9K
NOI $33,593 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
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Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The penthouse layout includes private outdoor space, a fireplace, and assigned parking.
Where is this residential income property located?
The property is located at 3450 SUMMIT COURT NE Unit 3450 Washington, DC.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 933‑square‑foot, two‑bedroom penthouse condo; Updated kitchen and bathroom; luxury vinyl flooring throughout; Vaulted ceilings, skylight, fireplace, and balcony
