Residential Income Property with
For Sale
$449,500
4016 GEORGIA AVENUE NW Unit 2, Washington, DC 20011
The 2018 residence includes two outdoor spaces, a renovated kitchen, and an in-unit washer and dryer.
Property Size845 SF
Price / SF$531.95
Days on Market49
Property Features for 4016 GEORGIA AVENUE NW Unit 2
General Information
Standard status
Active
Size
845 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,886
Building Details
Building Size
845 SF
Year Built
2018
Listing Agency:
Compass
Listed By:
Renee M Peres · License #SP98359821
(301) 651-0521
Source:
Jackrealtygroup
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 3:47PM
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 Compass
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Investment Insights
Based on property information with market context.
Unit 2 at the Wyeth is an 845-square-foot residence completed in 2018. Its interior includes white oak flooring, a kitchen with GE stainless steel appliances, gas cooking, quartz counters and shaker cabinetry, plus renovated bathrooms with Kohler and Delta fixtures. A full-size washer and dryer and Nest thermostat are also included. The unit has two outdoor spaces, including a Juliet balcony off the primary bedroom.
The property is in Petworth, half a block from YES! Organic Market and a five-minute walk from Petworth Metro. Upshur Street’s restaurants are one block away, and Petworth Community Market is two blocks from the residence. Gas and water are included in the condo fees.
The property is in Petworth, half a block from YES! Organic Market and a five-minute walk from Petworth Metro. Upshur Street’s restaurants are one block away, and Petworth Community Market is two blocks from the residence. Gas and water are included in the condo fees.
Key Highlights
- 845‑square‑foot residence in a building completed in 2018
- Two outdoor spaces, including a Juliet balcony
- Kitchen with GE stainless steel appliances, gas cooking, quartz counters and shaker cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,449
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,980
$269.0K
Cap Rate 7%
$192,129
$192.1K
Cap Rate 9%
$149,433
$149.4K
Market Conditions
NOI Build-Up for 845 SF
Gross rent
$26.0K $30.72/SF
− Vacancy
−$1.5K −$1.78/SF
EGI
$24.5K $28.94/SF
− OpEx
−$11.0K −$13.02/SF
NOI
$13.4K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,980
Cap Rate 7%
$192,129
Cap Rate 9%
$149,433
Alternative Uses
Best Use
Apartment 5plus
$192.1K
$168.1K – $224.2K
NOI $13,449 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.3K
$381.7K – $509.0K
NOI $30,539 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,951
Businesses Nearby
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Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2018 residence includes two outdoor spaces, a renovated kitchen, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 4016 GEORGIA AVENUE NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: 845‑square‑foot residence in a building completed in 2018; Two outdoor spaces, including a Juliet balcony; Kitchen with GE stainless steel appliances, gas cooking, quartz counters and shaker cabinetry
