Corner Residential Income
For Sale
$299,000
3601 WISCONSIN AVENUE NW Unit 601, Washington, DC 20016
A sixth-floor corner residence pairs an updated kitchen with shared rooftop space and building-wide improvements.
Property Size691 SF
Price / SF$432.71
Days on Market44
Property Features for 3601 WISCONSIN AVENUE NW Unit 601
General Information
Standard status
Active
Size
691 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
McLean Gardens
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,132
Amenities
rooftop deck
laundry facilities
Building Details
Building Size
691 SF
Year Built
1950
Listing Agency:
Samson Properties
Listed By:
Mounira Al Hmoud · License #SP40002130
(202) 599-7229
Source:
Mxwrealestate
Added: Sep 17
Changed: Oct 30
Last Checked: Oct 30 at 2:14AM
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 Samson Properties
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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. Hardwood floors were updated in 2019; the living-room wall unit dates to 2021, and the bedroom unit was replaced in 2025. The kitchen has marble finishes and stainless steel appliances, while the bathroom retains its cast-iron tub. Residents can also access a rooftop deck with views of the National Cathedral, the Washington Monument, and the city.
Building improvements include new elevators, a new boiler system, updated laundry facilities, enhanced security, and exterior renovations. Nearby destinations named for the property include Cathedral Commons, City Ridge, Wegmans, Giant, American University, cafes, restaurants, fitness studios, and parks. Transportation along Wisconsin Avenue is also within easy reach.
Building improvements include new elevators, a new boiler system, updated laundry facilities, enhanced security, and exterior renovations. Nearby destinations named for the property include Cathedral Commons, City Ridge, Wegmans, Giant, American University, cafes, restaurants, fitness studios, and parks. Transportation along Wisconsin Avenue is also within easy reach.
Key Highlights
- 691‑square‑foot, one‑bedroom, one‑bath corner condominium on the sixth floor
- Rooftop deck overlooks the National Cathedral, Washington Monument, and city
- Kitchen features marble finishes and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,481
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,620
$229.6K
Cap Rate 7%
$164,014
$164.0K
Cap Rate 9%
$127,567
$127.6K
Market Conditions
NOI Build-Up for 691 SF
Gross rent
$22.0K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.9K $30.21/SF
− OpEx
−$9.4K −$13.59/SF
NOI
$11.5K $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%
$229,620
Cap Rate 7%
$164,014
Cap Rate 9%
$127,567
Alternative Uses
Best Use
Apartment 5plus
$164.0K
$143.5K – $191.4K
NOI $11,481 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.4K
$311.0K – $414.7K
NOI $24,880 @ 7.0% cap · market cap 8.32%
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
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 shared rooftop space and building-wide improvements.
Where is this residential income property located?
The property is located at 3601 WISCONSIN AVENUE NW Unit 601 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 overlooks the National Cathedral, Washington Monument, and city; Kitchen features marble finishes and stainless steel appliances
