Residential Income Property with
For Sale
$380,000
350 G STREET SW Unit N216, Washington, DC 20024
A 2004 condominium offers private outdoor space, garage parking, and access to building amenities.
Property Size670 SF
Price / SF$567.16
Days on Market51
Property Features for 350 G STREET SW Unit N216
General Information
Standard status
Active
Size
670 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,039
Amenities
24-hour concierge
swimming pool
fitness center
resident lounge/business center
private balcony
Building Details
Building Size
670 SF
Year Built
2004
Listing Agency:
Compass
Listed By:
Andrew Turczyn · License #PB98369743
(202) 725-6357
Source:
Canopy-re
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 12:36PM
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
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Investment Insights
Based on property information with market context.
This 670-square-foot condominium at Potomac Place was built in 2004 and has an open floor plan, hardwood floors, an open kitchen with breakfast bar, and ample closets. A private balcony extends the living area, and one secure garage parking space is included. Building amenities include a 24-hour concierge, swimming pool, fitness center, and resident lounge/business center.
The property is two blocks from the Waterfront Metro Green Line station, with access to I-395 and I-695. The National Mall, Audi Field, Nationals Park, and the Southwest Waterfront are among the nearby destinations.
The property is two blocks from the Waterfront Metro Green Line station, with access to I-395 and I-695. The National Mall, Audi Field, Nationals Park, and the Southwest Waterfront are among the nearby destinations.
Key Highlights
- 670‑square‑foot condominium built in 2004
- Private balcony and one secure garage parking space
- Building amenities include 24‑hour concierge, swimming pool, fitness center, and resident lounge/business center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,132
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,640
$222.6K
Cap Rate 7%
$159,029
$159.0K
Cap Rate 9%
$123,689
$123.7K
Market Conditions
NOI Build-Up for 670 SF
Gross rent
$21.3K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.2K $30.21/SF
− OpEx
−$9.1K −$13.59/SF
NOI
$11.1K $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%
$222,640
Cap Rate 7%
$159,029
Cap Rate 9%
$123,689
Alternative Uses
Best Use
Apartment 5plus
$159.0K
$139.2K – $185.5K
NOI $11,132 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.6K
$301.6K – $402.1K
NOI $24,124 @ 7.0% cap · market cap 6.35%
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
Highway access
Location Intelligence
Trade Area within ½ mile
3,652
Businesses Nearby
Explore this area
Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 2004 condominium offers private outdoor space, garage parking, and access to building amenities.
Where is this residential income property located?
The property is located at 350 G STREET SW Unit N216 Washington, DC.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 670‑square‑foot condominium built in 2004; Private balcony and one secure garage parking space; Building amenities include 24‑hour concierge, swimming pool, fitness center, and resident lounge/business center
