Residential Income Property with Rooftop
For Sale
$215,000
3601 WISCONSIN AVENUE NW Unit 408, Washington, DC 20016
The 569-square-foot residence has an eat-in kitchen and an open layout in a secure building.
Property Size569 SF
Price / SF$377.86
Days on Market114
Property Features for 3601 WISCONSIN AVENUE NW Unit 408
General Information
Standard status
Active
Size
569 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
McLean Gardens
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,683
Amenities
rooftop deck
Building Details
Building Size
569 SF
Year Built
1950
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 9
Changed: Oct 27
Last Checked: Oct 26 at 3:58PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
Unit 408 is a 569-square-foot residence in a building constructed in 1950. The interior has been renovated and features an open layout and an eat-in kitchen with updated finishes. Building amenities include secure entry and a rooftop deck with views of the Washington Monument and National Cathedral.
Metro and Metrobus service, Cathedral Commons, City Ridge, Wegmans, Tatte Bakery, restaurants, parks, and daily conveniences are nearby. The property is at 3601 Wisconsin Avenue NW in Washington, DC.
Metro and Metrobus service, Cathedral Commons, City Ridge, Wegmans, Tatte Bakery, restaurants, parks, and daily conveniences are nearby. The property is at 3601 Wisconsin Avenue NW in Washington, DC.
Key Highlights
- 569‑square‑foot residence in a building constructed in 1950
- Renovated interior with open layout and eat‑in kitchen
- Secure building with rooftop deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,454
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,080
$189.1K
Cap Rate 7%
$135,057
$135.1K
Cap Rate 9%
$105,044
$105.0K
Market Conditions
NOI Build-Up for 569 SF
Gross rent
$18.1K $31.80/SF
− Vacancy
−$905 −$1.59/SF
EGI
$17.2K $30.21/SF
− OpEx
−$7.7K −$13.59/SF
NOI
$9.5K $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%
$189,080
Cap Rate 7%
$135,057
Cap Rate 9%
$105,044
Alternative Uses
Best Use
Apartment 5plus
$135.1K
$118.2K – $157.6K
NOI $9,454 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.7K
$256.1K – $341.5K
NOI $20,487 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
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 569-square-foot residence has an eat-in kitchen and an open layout in a secure building.
Where is this residential income property located?
The property is located at 3601 WISCONSIN AVENUE NW Unit 408 Washington, DC.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 569‑square‑foot residence in a building constructed in 1950; Renovated interior with open layout and eat‑in kitchen; Secure building with rooftop deck
