Condominium with Rooftop Lap
For Sale
$425,000
400 MASSACHUSETTS AVENUE NW Unit 817, Washington, DC 20001
The one-bedroom residence includes in-unit laundry, a parking space, and a separate storage unit.
Property Size781 SF
Price / SF$544.17
Days on Market82
Property Features for 400 MASSACHUSETTS AVENUE NW Unit 817
General Information
Standard status
Active
Size
781 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Mount Vernon Triangle
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,932
Amenities
fitness center
community center
24/7 concierge
rooftop deck
lap pool
bbq area
in-unit laundry
storage unit
Building Details
Building Size
781 SF
Year Built
2004
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
James P Ledet · License #SP101871
(240) 601-3719
Source:
Jackrealtygroup
Added: Aug 10
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 2004, this 781-square-foot, one-bedroom condominium includes in-unit laundry, one parking space, and a storage unit. Building amenities include a fitness center, community room, 24-hour concierge service, and a rooftop deck with a lap pool and barbecue area.
The property is two blocks from Gallery Place and Judiciary Square Metro stations, Capital One Arena, and Chinatown. I-395, Metrobus, and Metrorail provide additional transportation connections.
The property is two blocks from Gallery Place and Judiciary Square Metro stations, Capital One Arena, and Chinatown. I-395, Metrobus, and Metrorail provide additional transportation connections.
Key Highlights
- 781‑square‑foot one‑bedroom condominium
- Built in 2004
- Includes one parking space and a storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,977
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,540
$259.5K
Cap Rate 7%
$185,386
$185.4K
Cap Rate 9%
$144,189
$144.2K
Market Conditions
NOI Build-Up for 781 SF
Gross rent
$24.8K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.6K $30.21/SF
− OpEx
−$10.6K −$13.59/SF
NOI
$13.0K $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%
$259,540
Cap Rate 7%
$185,386
Cap Rate 9%
$144,189
Alternative Uses
Best Use
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,977 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.7K
$351.5K – $468.7K
NOI $28,120 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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 - The one-bedroom residence includes in-unit laundry, a parking space, and a separate storage unit.
Where is this residential income property located?
The property is located at 400 MASSACHUSETTS AVENUE NW Unit 817 Washington, DC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 781‑square‑foot one‑bedroom condominium; Built in 2004; Includes one parking space and a storage unit
