Residential Condominium with Roof
For Sale
$450,000
400 MASSACHUSETTS AVENUE NW Unit 803, Washington, DC 20001
An open kitchen, dining, and living area is paired with in-unit laundry and access to a pool, gym, and 24-hour concierge.
Property Size845 SF
Price / SF$532.54
Days on Market99
Property Features for 400 MASSACHUSETTS AVENUE NW Unit 803
General Information
Standard status
Active
Size
845 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Mount Vernon Triangle
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,936
Amenities
roof deck
pool
entertainment areas
barbeque
gym
recreation room
billiards
24-hour concierge
in-unit washer/dryer
Building Details
Building Size
845 SF
Year Built
2004
Listing Agency:
MXW Real Estate
Listed By:
Boban Mathew · License #BR200200823
(703) 338-3930
Source:
Jackrealtygroup
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 26 at 2:18PM
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 MXW Real Estate
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Investment Insights
Based on property information with market context.
This 845-square-foot condominium, built in 2004, has an open kitchen, dining, and living area, plus a large bedroom with a walk-in closet and custom shelving. The kitchen includes granite counters and a breakfast bar. The unit also has a pantry and an in-unit washer and dryer. Recent updates include fresh paint and contemporary light fixtures.
Key Highlights
- 845‑square‑foot condominium with an open kitchen, dining, and living area
- Large bedroom with walk‑in closet and custom shelving
- In‑unit washer and dryer, plus a spacious pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,040
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,800
$280.8K
Cap Rate 7%
$200,571
$200.6K
Cap Rate 9%
$156,000
$156.0K
Market Conditions
NOI Build-Up for 845 SF
Gross rent
$26.9K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$25.5K $30.21/SF
− OpEx
−$11.5K −$13.59/SF
NOI
$14.0K $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%
$280,800
Cap Rate 7%
$200,571
Cap Rate 9%
$156,000
Alternative Uses
Best Use
Apartment 5plus
$200.6K
$175.5K – $234.0K
NOI $14,040 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.6K
$380.3K – $507.1K
NOI $30,425 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,809
Businesses Nearby
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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 - An open kitchen, dining, and living area is paired with in-unit laundry and access to a pool, gym, and 24-hour concierge.
Where is this residential income property located?
The property is located at 400 MASSACHUSETTS AVENUE NW Unit 803 Washington, DC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 845‑square‑foot condominium with an open kitchen, dining, and living area; Large bedroom with walk‑in closet and custom shelving; In‑unit washer and dryer, plus a spacious pantry
