Renovated Condominium with Courtyard
For Sale
$364,999
3616 CONNECTICUT AVENUE NW Unit 201, Washington, DC 20008
A one-bedroom residence pairs vintage details with an updated kitchen and bathroom in a building near the Metro.
Property Size731 SF
Price / SF$499.31
Days on Market178
Property Features for 3616 CONNECTICUT AVENUE NW Unit 201
General Information
Standard status
Active
Size
731 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cleveland Park
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,396
Amenities
laundry facilities
common outdoor patio
bicycle storage
dedicated storage locker
Building Details
Building Size
731 SF
Year Built
1926
Listing Agency:
Compass
Listed By:
Joan B Shannon · License #0225068982
(703) 507-8655
Source:
Paulwesley
Added: May 6
Changed: Oct 27
Last Checked: Oct 26 at 3:15PM
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 731-square-foot condominium in a 1926 building features a living room with a wood-burning fireplace, high ceilings, crown molding, and a recently replaced wall air conditioner. The open kitchen has granite counters, soft-close cabinets, and stainless steel appliances. Hardwood floors, a renovated bathroom with a glass-door shower, and a custom walk-in closet complete the interior. The bedroom looks toward the tree-lined avenue, while the west-facing living room window overlooks the courtyard.
Building features include laundry facilities, bicycle storage, a shared outdoor patio with grill and furniture, and a dedicated storage locker that conveys. Parking is allocated through a building lottery. The property is less than a block from the Metro and near the library, shops, restaurants, and Rock Creek Park; the zoo is a few blocks away.
Building features include laundry facilities, bicycle storage, a shared outdoor patio with grill and furniture, and a dedicated storage locker that conveys. Parking is allocated through a building lottery. The property is less than a block from the Metro and near the library, shops, restaurants, and Rock Creek Park; the zoo is a few blocks away.
Key Highlights
- 731‑square‑foot condominium in a 1926 building
- Less than a block from the Metro
- Living room includes a wood‑burning fireplace and west‑facing courtyard view
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,146
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,920
$242.9K
Cap Rate 7%
$173,514
$173.5K
Cap Rate 9%
$134,956
$135.0K
Market Conditions
NOI Build-Up for 731 SF
Gross rent
$23.2K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$22.1K $30.21/SF
− OpEx
−$9.9K −$13.59/SF
NOI
$12.1K $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%
$242,920
Cap Rate 7%
$173,514
Cap Rate 9%
$134,956
Alternative Uses
Best Use
Apartment 5plus
$173.5K
$151.8K – $202.4K
NOI $12,146 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$376.0K
$329.0K – $438.7K
NOI $26,320 @ 7.0% cap · market cap 7.21%
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
1,171
Businesses Nearby
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Business Placement
Demographics for 20008, DC
30,143
Population
18,083
Households
1.7
Avg Household Size
38
Median Age
89%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,724
Density / Sq Mi
$123,653
Median Household Income
$87,607
Median Earnings
$2,202
Median Rent
$894,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence pairs vintage details with an updated kitchen and bathroom in a building near the Metro.
Where is this residential income property located?
The property is located at 3616 CONNECTICUT AVENUE NW Unit 201 Washington, DC.
What is the asking price?
The asking price for this property is $364,999.
What are key features of this property?
This property features: 731‑square‑foot condominium in a 1926 building; Less than a block from the Metro; Living room includes a wood‑burning fireplace and west‑facing courtyard view
