Residential Income Property with Garage
For Sale
$314,900
3701 CONNECTICUT AVENUE NW Unit 333, Washington, DC 20008
A one-bedroom condominium features engineered plank flooring, a renovated bathroom, and access to shared building amenities.
Property Size813 SF
Price / SF$387.33
Days on Market70
Property Features for 3701 CONNECTICUT AVENUE NW Unit 333
General Information
Standard status
Active
Size
813 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Cleveland Park
Public Transit
Yes
Units
Unit Mix
1BR
Multifamily Units
1
Additional Details
Asking Price
$314,900
Taxes and HOA fees
Annual Taxes
$3,156
Amenities
24-hour concierge
fitness center
rooftop deck
pet-friendly
Building Details
Building Size
813 SF
Year Built
1951
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Aug 21
Changed: Oct 27
Last Checked: Oct 26 at 2:36PM
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 one-bedroom residence at Wilshire Park Condominium offers an open living and dining area, a bedroom measuring 19 by 20 feet, and generous closet and storage space. Engineered plank wood flooring has been installed throughout, and the bathroom was renovated previously. The kitchen remains in original condition. The unit includes an assigned garage parking space and a private storage cage.
Building amenities include a 24-hour concierge, fitness center, and rooftop deck. The property is located at 3701 Connecticut Avenue NW in Washington, DC, in the Cleveland Park neighborhood, with Metro access and dining noted nearby. The building dates to 1951, and pets are permitted. Utilities are included in the monthly condominium fee.
Building amenities include a 24-hour concierge, fitness center, and rooftop deck. The property is located at 3701 Connecticut Avenue NW in Washington, DC, in the Cleveland Park neighborhood, with Metro access and dining noted nearby. The building dates to 1951, and pets are permitted. Utilities are included in the monthly condominium fee.
Key Highlights
- One‑bedroom condominium with an open living and dining area
- Bedroom measures 19' x 20' and includes generous closet and storage space
- Assigned garage parking space and private storage cage convey with the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,508
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,160
$270.2K
Cap Rate 7%
$192,971
$193.0K
Cap Rate 9%
$150,089
$150.1K
Market Conditions
NOI Build-Up for 813 SF
Gross rent
$25.9K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$24.6K $30.21/SF
− OpEx
−$11.1K −$13.59/SF
NOI
$13.5K $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%
$270,160
Cap Rate 7%
$192,971
Cap Rate 9%
$150,089
Alternative Uses
Best Use
Apartment 5plus
$193.0K
$168.9K – $225.1K
NOI $13,508 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.2K
$365.9K – $487.9K
NOI $29,273 @ 7.0% cap · market cap 9.30%
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 condominium features engineered plank flooring, a renovated bathroom, and access to shared building amenities.
Where is this residential income property located?
The property is located at 3701 CONNECTICUT AVENUE NW Unit 333 Washington, DC.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: One‑bedroom condominium with an open living and dining area; Bedroom measures 19' x 20' and includes generous closet and storage space; Assigned garage parking space and private storage cage convey with the unit
