Two-Bedroom Condo with Garage
For Sale
$539,000
350 G STREET SW Unit N501, Washington, DC 20024
The residence includes a private storage unit, in-unit laundry, and access to full-service building amenities.
Property Size1,070 SF
Price / SF$503.74
Days on Market269
Property Features for 350 G STREET SW Unit N501
General Information
Standard status
Active
Size
1,070 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,299
Amenities
24-hr concierge
outdoor pool
sun deck
fitness center
yoga studio
club room
business center
in-unit washer/dryer
Building Details
Building Size
1,070 SF
Year Built
2004
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Megan Thiel · License #0225205153
(202) 810-2155
Source:
Kartaproperties
Added: Feb 3
Changed: Oct 26
Last Checked: Oct 26 at 2:40PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,070-square-foot, two-bedroom, two-bathroom condominium was built in 2004. Its living, dining, and kitchen areas share an open layout, with hardwood flooring and granite counters. Both bedrooms have en-suite bathrooms and large closets. A full-size washer and dryer, reserved covered garage parking, and a dedicated storage unit are included. Views of the Washington Monument are also noted.
Building amenities include a 24-hour concierge, outdoor pool and sun deck, fitness center, yoga studio, club room, and business center. Waterfront Metro is one block away; L’Enfant Plaza and Federal Center Metro stations are four blocks away. The property is near The Wharf, the National Mall, Smithsonian museums, Nationals Park, and Audi Field.
Building amenities include a 24-hour concierge, outdoor pool and sun deck, fitness center, yoga studio, club room, and business center. Waterfront Metro is one block away; L’Enfant Plaza and Federal Center Metro stations are four blocks away. The property is near The Wharf, the National Mall, Smithsonian museums, Nationals Park, and Audi Field.
Key Highlights
- Two bedrooms and two bathrooms in 1,070 square feet
- Built in 2004
- Reserved covered garage space and a dedicated storage unit included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,779
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,580
$355.6K
Cap Rate 7%
$253,986
$254.0K
Cap Rate 9%
$197,544
$197.5K
Market Conditions
NOI Build-Up for 1,070 SF
Gross rent
$34.0K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$32.3K $30.21/SF
− OpEx
−$14.5K −$13.59/SF
NOI
$17.8K $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%
$355,580
Cap Rate 7%
$253,986
Cap Rate 9%
$197,544
Alternative Uses
Best Use
Apartment 5plus
$254.0K
$222.2K – $296.3K
NOI $17,779 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.4K
$481.6K – $642.1K
NOI $38,526 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,652
Businesses Nearby
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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 - The residence includes a private storage unit, in-unit laundry, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 350 G STREET SW Unit N501 Washington, DC.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,070 square feet; Built in 2004; Reserved covered garage space and a dedicated storage unit included
