Residential Income Property with Garage
For Sale
$425,000
400 MASSACHUSETTS AVENUE NW Unit 505, Washington, DC 20001
The one-bedroom residence includes deeded garage parking, an in-unit washer and dryer, and access to extensive building amenities.
Property Size780 SF
Price / SF$544.87
Days on Market13
Property Features for 400 MASSACHUSETTS AVENUE NW Unit 505
General Information
Standard status
Active
Size
780 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,895
Amenities
rooftop deck
swimming pool
grilling and entertaining areas
fitness center
resident lounge with billiards
business center
24-hour concierge
on-site management
pet-friendly community
in-unit washer and dryer
Building Details
Building Size
780 SF
Year Built
2004
Listing Agency:
Fairfax Realty Select
Listed By:
Sasha Mehra · License #SP98368271
(202) 243-9386
Source:
Kwcapitalproperties
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 5 at 9:59PM
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 Fairfax Realty Select
Investment Insights
Based on property information with market context.
This 780-square-foot, one-bedroom, one-bath condominium at 400 Massachusetts Avenue NW includes deeded garage parking. The kitchen has stainless-steel appliances, quartz countertops, ample cabinetry, and a breakfast bar, with a separate dining area and adjoining living room. The bedroom has southern exposure, an oversized closet with an Elfa organization system, and direct access to the bathroom. Engineered hardwood floors, updated lighting, fresh paint, a Nest thermostat, and a new in-unit washer and dryer complete the residence. The building dates to 2004.
Resident amenities include a rooftop deck, swimming pool, grilling areas, fitness center, lounge with billiards, business center, and 24-hour concierge. On-site management is also available. The property is in Washington’s Mount Vernon Triangle, near restaurants, Chinatown, and Capital One Arena. Two Metro stations are less than 10 minutes away on foot, with access to I-395 for travel around and beyond the city.
Resident amenities include a rooftop deck, swimming pool, grilling areas, fitness center, lounge with billiards, business center, and 24-hour concierge. On-site management is also available. The property is in Washington’s Mount Vernon Triangle, near restaurants, Chinatown, and Capital One Arena. Two Metro stations are less than 10 minutes away on foot, with access to I-395 for travel around and beyond the city.
Key Highlights
- 780‑square‑foot, one‑bedroom, one‑bath condominium
- Deeded garage parking
- Kitchen with quartz countertops, stainless‑steel appliances, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,960
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,200
$259.2K
Cap Rate 7%
$185,143
$185.1K
Cap Rate 9%
$144,000
$144.0K
Market Conditions
NOI Build-Up for 780 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%
$259,200
Cap Rate 7%
$185,143
Cap Rate 9%
$144,000
Alternative Uses
Best Use
Apartment 5plus
$185.1K
$162.0K – $216.0K
NOI $12,960 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.2K
$351.1K – $468.1K
NOI $28,084 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom residence includes deeded garage parking, an in-unit washer and dryer, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 400 MASSACHUSETTS AVENUE NW Unit 505 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: 780‑square‑foot, one‑bedroom, one‑bath condominium; Deeded garage parking; Kitchen with quartz countertops, stainless‑steel appliances, and breakfast bar
