Residential Income Property with
For Sale
$498,750
400 MASSACHUSETTS AVENUE NW Unit 1012, Washington, DC 20001
A condominium residence pairs flexible den space with assigned garage parking and access to an extensive amenity package.
Property Size920 SF
Days on Market8
Property Features for 400 MASSACHUSETTS AVENUE NW Unit 1012
General Information
Standard status
Active
Size
920 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,593
Amenities
24-hour concierge service
fitness center
clubroom
business center
rooftop lap pool
roof deck with grilling areas
courtyard gardens
bike storage
in-unit laundry
Building Details
Building Size
920 SF
Year Built
2004
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Robert Carter · License #BR698878
(202) 851-1400
Source:
Kwcapitalproperties
Added: Oct 12
Changed: Oct 17
Last Checked: Oct 16 at 6:06PM
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 condominium residence at 400 Massachusetts Avenue NW has 1 bedroom, 1 bathroom, and a separate den that can accommodate varied uses. The kitchen, dining, and living areas share an open layout, with large windows bringing daylight into the home. The bedroom includes an ensuite bathroom with a tiled shower and a walk-in closet. In-unit laundry and assigned garage parking are also included. The building was constructed in 2004.
Building amenities include a 24-hour concierge, fitness center, clubroom, business center, rooftop lap pool, roof deck with grilling areas, courtyard gardens, and bike storage. The property is in the Mount Vernon Square neighborhood, near Judiciary Square, Gallery Place, Chinatown, Capital One Arena, Metro, restaurants, cafes, grocery options, and major commuter routes.
Building amenities include a 24-hour concierge, fitness center, clubroom, business center, rooftop lap pool, roof deck with grilling areas, courtyard gardens, and bike storage. The property is in the Mount Vernon Square neighborhood, near Judiciary Square, Gallery Place, Chinatown, Capital One Arena, Metro, restaurants, cafes, grocery options, and major commuter routes.
Key Highlights
- One bedroom, one bathroom, and a separate den
- Open kitchen, dining, and living areas with expansive windows
- Ensuite bathroom with tile shower and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,286
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,720
$305.7K
Cap Rate 7%
$218,371
$218.4K
Cap Rate 9%
$169,844
$169.8K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$29.3K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$27.8K $30.21/SF
− OpEx
−$12.5K −$13.59/SF
NOI
$15.3K $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%
$305,720
Cap Rate 7%
$218,371
Cap Rate 9%
$169,844
Alternative Uses
Best Use
Apartment 5plus
$218.4K
$191.1K – $254.8K
NOI $15,286 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.2K
$414.1K – $552.1K
NOI $33,125 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,809
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A condominium residence pairs flexible den space with assigned garage parking and access to an extensive amenity package.
Where is this residential income property located?
The property is located at 400 MASSACHUSETTS AVENUE NW Unit 1012 Washington, DC.
What is the asking price?
The asking price for this property is $498,750.
What are key features of this property?
This property features: One bedroom, one bathroom, and a separate den; Open kitchen, dining, and living areas with expansive windows; Ensuite bathroom with tile shower and walk‑in closet
