Condominium with Private
For Sale
$270,000
4016 GEORGIA AVENUE NW Unit 4, Washington, DC 20011
A 2018 boutique building pairs an airy interior with nearby Metro service and neighborhood conveniences.
Property Size500 SF
Price / SF$540
Days on Market38
Property Features for 4016 GEORGIA AVENUE NW Unit 4
General Information
Standard status
Active
Size
500 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,796
Amenities
private deck
stainless steel appliances
Building Details
Building Size
500 SF
Year Built
2018
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 22
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This condominium includes a private deck, a bedroom, and a full bathroom. High ceilings and natural light give the living area an open feel, while the kitchen has stainless steel appliances, updated finishes, and a connection to the main living space. The unit is in a boutique condominium built in 2018 by Lock7 Development.
Metro service is nearby, with restaurants, coffee shops, grocery stores, fitness options, parks, and other daily conveniences close to home.
Metro service is nearby, with restaurants, coffee shops, grocery stores, fitness options, parks, and other daily conveniences close to home.
Key Highlights
- Private deck provides outdoor living space
- Built in 2018 by Lock7 Development
- Kitchen features stainless steel appliances and upgraded finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,958
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,160
$159.2K
Cap Rate 7%
$113,686
$113.7K
Cap Rate 9%
$88,422
$88.4K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$15.4K $30.72/SF
− Vacancy
−$891 −$1.78/SF
EGI
$14.5K $28.94/SF
− OpEx
−$6.5K −$13.02/SF
NOI
$8.0K $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%
$159,160
Cap Rate 7%
$113,686
Cap Rate 9%
$88,422
Alternative Uses
Best Use
Apartment 5plus
$113.7K
$99.5K – $132.6K
NOI $7,958 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.2K
$225.9K – $301.2K
NOI $18,071 @ 7.0% cap · market cap 6.69%
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
1,951
Businesses Nearby
Explore this area
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 - A 2018 boutique building pairs an airy interior with nearby Metro service and neighborhood conveniences.
Where is this residential income property located?
The property is located at 4016 GEORGIA AVENUE NW Unit 4 Washington, DC.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Private deck provides outdoor living space; Built in 2018 by Lock7 Development; Kitchen features stainless steel appliances and upgraded finishes
