Two-Bedroom Residential Income
For Sale
$510,000
400 21ST STREET NE Unit 2, Washington, DC 20002
The single-level condo includes in-unit laundry and dedicated parking.
Property Size1,013 SF
Price / SF$503.46
Days on Market16
Property Features for 400 21ST STREET NE Unit 2
General Information
Standard status
Active
Size
1,013 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Rosedale
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,241
Amenities
community roof-deck
in-unit laundry
granite countertops
stainless steel appliances
brand-new hardwood floors
Building Details
Building Size
1,013 SF
Year Built
1940
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Olivia Merlino · License #SP98372325
(202) 491-4103
Source:
Gallerycollectivere
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 26 at 4:27PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 1,013-square-foot condominium in Kingman Row has two bedrooms and two bathrooms arranged on one level above grade. Interior features include hardwood flooring, granite countertops, stainless steel appliances, and an in-unit laundry area. Dedicated parking serves the unit, and residents have access to a shared roof deck. The building dates to 1940.
The property is at 400 21st Street NE in Washington, DC. Stadium-Armory Metro, serving the Orange and Blue lines, is a 10-minute walk away; I-295 and I-395 are also accessible. Kingman Island, the Anacostia Riverwalk Trail, and the RFK athletic fields are within walking distance. The H Street Corridor is a 10-minute walk, while Aldi is five minutes away on foot and Safeway is a five-minute drive.
The property is at 400 21st Street NE in Washington, DC. Stadium-Armory Metro, serving the Orange and Blue lines, is a 10-minute walk away; I-295 and I-395 are also accessible. Kingman Island, the Anacostia Riverwalk Trail, and the RFK athletic fields are within walking distance. The H Street Corridor is a 10-minute walk, while Aldi is five minutes away on foot and Safeway is a five-minute drive.
Key Highlights
- Two‑bedroom, two‑bathroom condo with 1,013 square feet of living area
- Single‑level layout above grade
- Granite countertops, stainless steel appliances, hardwood flooring, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,246
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,920
$344.9K
Cap Rate 7%
$246,371
$246.4K
Cap Rate 9%
$191,622
$191.6K
Market Conditions
NOI Build-Up for 1,013 SF
Gross rent
$33.4K $33.00/SF
− Vacancy
−$2.1K −$2.05/SF
EGI
$31.4K $30.95/SF
− OpEx
−$14.1K −$13.93/SF
NOI
$17.2K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,920
Cap Rate 7%
$246,371
Cap Rate 9%
$191,622
Alternative Uses
Best Use
Apartment 5plus
$246.4K
$215.6K – $287.4K
NOI $17,246 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.0K
$457.6K – $610.2K
NOI $36,611 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The single-level condo includes in-unit laundry and dedicated parking.
Where is this residential income property located?
The property is located at 400 21ST STREET NE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condo with 1,013 square feet of living area; Single‑level layout above grade; Granite countertops, stainless steel appliances, hardwood flooring, and in‑unit laundry
