One-Bedroom Apartment with
For Sale
$349,900
3616 CONNECTICUT AVENUE NW Unit 408, Washington, DC 20008
The residence features hardwood floors, a walk-in closet, and kitchen appliances including a dishwasher and built-in range.
Property Size667 SF
Price / SF$524.59
Days on Market288
Property Features for 3616 CONNECTICUT AVENUE NW Unit 408
General Information
Standard status
Active
Size
667 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cleveland Park
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,888
Amenities
fireplace
ceiling fans
intercom system
community center
gas grill
storage unit
Building Details
Building Size
667 SF
Year Built
1926
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Jan 15
Changed: Oct 26
Last Checked: Oct 26 at 1:33PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 667-square-foot apartment in a 1926 building has one bedroom and one bathroom. Hardwood floors run through the living space, which includes a fireplace and southern-facing windows. The kitchen is equipped with a built-in range, gas oven, microwave, and dishwasher. The bedroom has a walk-in closet and an updated air-conditioning unit; the bathroom includes a soaking tub. An intercom system and an additional storage unit are also part of the property.
The building is one block from the Cleveland Park Metro station. Gas, heat, water, and trash removal are covered by the association. Resident parking is assigned annually through a lottery, and street parking is also accessible. Building amenities include a community center with a gas grill.
The building is one block from the Cleveland Park Metro station. Gas, heat, water, and trash removal are covered by the association. Resident parking is assigned annually through a lottery, and street parking is also accessible. Building amenities include a community center with a gas grill.
Key Highlights
- 667‑square‑foot apartment with one bedroom and one bathroom
- Living room fireplace and southern‑facing windows
- Kitchen includes a built‑in range, gas oven, microwave, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,083
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,660
$221.7K
Cap Rate 7%
$158,329
$158.3K
Cap Rate 9%
$123,144
$123.1K
Market Conditions
NOI Build-Up for 667 SF
Gross rent
$21.2K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.2K $30.21/SF
− OpEx
−$9.1K −$13.59/SF
NOI
$11.1K $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%
$221,660
Cap Rate 7%
$158,329
Cap Rate 9%
$123,144
Alternative Uses
Best Use
Apartment 5plus
$158.3K
$138.5K – $184.7K
NOI $11,083 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.1K
$300.2K – $400.3K
NOI $24,016 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - The residence features hardwood floors, a walk-in closet, and kitchen appliances including a dishwasher and built-in range.
Where is this residential income property located?
The property is located at 3616 CONNECTICUT AVENUE NW Unit 408 Washington, DC.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 667‑square‑foot apartment with one bedroom and one bathroom; Living room fireplace and southern‑facing windows; Kitchen includes a built‑in range, gas oven, microwave, and dishwasher
