Renovated Residential Income
For Sale
$385,000
3601 WISCONSIN AVENUE NW Unit 111, Washington, DC 20016
The one-bedroom condominium features an updated kitchen and bath, plus access to a rooftop terrace and on-site laundry.
Property Size674 SF
Price / SF$571.22
Days on Market134
Property Features for 3601 WISCONSIN AVENUE NW Unit 111
General Information
Standard status
Active
Size
674 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
McLean Gardens
Taxes and HOA fees
Annual Taxes
$2,100
Building Details
Building Size
674 SF
Year Built
1950
Listing Agency:
Compass
Listed By:
Gregg Zeiler
(240) 688-7788
Source:
Irvinrealtyllc
Added: Jun 19
Changed: Oct 27
Last Checked: Oct 27 at 3:17AM
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 one-bedroom condominium residence at The Crestview includes new flooring and paint, a redesigned kitchen with new cabinetry, granite countertops and stainless steel appliances, and a renovated bathroom. The building dates to 1950 and offers secure entry, elevators, package and mail facilities, available storage, bike storage, on-site laundry, and a rooftop terrace with city views.
Located on Wisconsin Avenue NW in Washington, DC, the property is near Cathedral Commons, Wegmans, Two Amys, Cactus Cantina, the National Cathedral grounds, and Glover Archbold Park trails.
Located on Wisconsin Avenue NW in Washington, DC, the property is near Cathedral Commons, Wegmans, Two Amys, Cactus Cantina, the National Cathedral grounds, and Glover Archbold Park trails.
Key Highlights
- One‑bedroom condominium residence at The Crestview
- Renovated kitchen with new cabinetry, granite countertops, and stainless steel appliances
- Updated bathroom, new flooring, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,199
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,980
$224.0K
Cap Rate 7%
$159,986
$160.0K
Cap Rate 9%
$124,433
$124.4K
Market Conditions
NOI Build-Up for 674 SF
Gross rent
$21.4K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.4K $30.21/SF
− OpEx
−$9.2K −$13.59/SF
NOI
$11.2K $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%
$223,980
Cap Rate 7%
$159,986
Cap Rate 9%
$124,433
Alternative Uses
Best Use
Apartment 5plus
$160.0K
$140.0K – $186.7K
NOI $11,199 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.7K
$303.4K – $404.5K
NOI $24,268 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,778
Businesses Nearby
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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 - The one-bedroom condominium features an updated kitchen and bath, plus access to a rooftop terrace and on-site laundry.
Where is this residential income property located?
The property is located at 3601 WISCONSIN AVENUE NW Unit 111 Washington, DC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: One‑bedroom condominium residence at The Crestview; Renovated kitchen with new cabinetry, granite countertops, and stainless steel appliances; Updated bathroom, new flooring, and fresh paint
