One-Bedroom Residential Income
For Sale
$299,000
3601 WISCONSIN AVENUE NW Unit 509, Washington, DC 20016
A sixth-floor corner residence pairs an updated kitchen with building amenities and convenient access to nearby shops and dining.
Property Size707 SF
Price / SF$422.91
Days on Market51
Property Features for 3601 WISCONSIN AVENUE NW Unit 509
General Information
Standard status
Active
Size
707 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
McLean Gardens
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,171
Amenities
rooftop deck
updated laundry facilities
Building Details
Building Size
707 SF
Year Built
1950
Listing Agency:
Compass
Listed By:
Brantley W Sanderson · License #SP98376789
(202) 819-4566
Source:
Irvinrealtyllc
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 7:49PM
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 691-square-foot, one-bedroom, one-bath condominium occupies a corner position on the sixth floor of The Crestview. Additional windows bring natural light into the home, which has hardwood floors updated in 2019 and a living-room wall unit replaced in 2021. The bedroom wall unit was replaced in 2025. Marble finishes and stainless steel appliances distinguish the kitchen, while the bathroom retains its cast-iron tub. The building dates to 1950 and has new elevators, a new boiler system, updated laundry facilities, security improvements, and exterior renovations.
A rooftop deck provides views of the National Cathedral, the Washington Monument, and the surrounding city. Nearby destinations include Cathedral Commons, City Ridge, Wegmans, Giant, cafes, restaurants, fitness studios, parks, and American University. Wisconsin Avenue transportation is also within easy reach.
A rooftop deck provides views of the National Cathedral, the Washington Monument, and the surrounding city. Nearby destinations include Cathedral Commons, City Ridge, Wegmans, Giant, cafes, restaurants, fitness studios, parks, and American University. Wisconsin Avenue transportation is also within easy reach.
Key Highlights
- 691‑square‑foot, one‑bedroom, one‑bath corner condominium on the sixth floor
- Rooftop deck with views of the National Cathedral and Washington Monument
- Hardwood floors updated in 2019; living‑room wall unit replaced in 2021 and bedroom unit in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,747
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,940
$234.9K
Cap Rate 7%
$167,814
$167.8K
Cap Rate 9%
$130,522
$130.5K
Market Conditions
NOI Build-Up for 707 SF
Gross rent
$22.5K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.4K $30.21/SF
− OpEx
−$9.6K −$13.59/SF
NOI
$11.7K $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%
$234,940
Cap Rate 7%
$167,814
Cap Rate 9%
$130,522
Alternative Uses
Best Use
Apartment 5plus
$167.8K
$146.8K – $195.8K
NOI $11,747 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$363.7K
$318.2K – $424.3K
NOI $25,456 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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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 - A sixth-floor corner residence pairs an updated kitchen with building amenities and convenient access to nearby shops and dining.
Where is this residential income property located?
The property is located at 3601 WISCONSIN AVENUE NW Unit 509 Washington, DC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 691‑square‑foot, one‑bedroom, one‑bath corner condominium on the sixth floor; Rooftop deck with views of the National Cathedral and Washington Monument; Hardwood floors updated in 2019; living‑room wall unit replaced in 2021 and bedroom unit in 2025
