Two-Bedroom Condo with
For Sale
$475,000
4114 DAVIS PLACE NW Unit 315, Washington, DC 20007
An updated kitchen and open living area connect to covered outdoor space overlooking Glover Archbold Park.
Property Size1,165 SF
Price / SF$407.73
Days on Market99
Property Features for 4114 DAVIS PLACE NW Unit 315
General Information
Standard status
Active
Size
1,165 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Glover Park
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,644
Amenities
covered balcony
courtyard
extra storage
Building Details
Building Size
1,165 SF
Year Built
1955
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 26 at 2:56PM
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 1,165-square-foot, top-floor condominium has two bedrooms, an open floor plan, and an updated kitchen. The living room accommodates two seating areas, while large windows on two sides bring light into each bedroom. A covered balcony looks out over Glover Archbold Park. The property was built in 1955 and includes a dedicated parking space and extra storage.
Residents can use the courtyard for grilling and have access to a nearby community garden. Glover Park and Georgetown shopping and dining districts are described as just down the street, while Glover Archbold Park offers hiking trails nearby.
Residents can use the courtyard for grilling and have access to a nearby community garden. Glover Park and Georgetown shopping and dining districts are described as just down the street, while Glover Archbold Park offers hiking trails nearby.
Key Highlights
- Top‑floor, two‑bedroom condominium with 1,165 square feet
- Covered balcony overlooking Glover Archbold Park
- Updated kitchen and open floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,357
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,140
$387.1K
Cap Rate 7%
$276,529
$276.5K
Cap Rate 9%
$215,078
$215.1K
Market Conditions
NOI Build-Up for 1,165 SF
Gross rent
$37.0K $31.80/SF
− Vacancy
−$1.9K −$1.59/SF
EGI
$35.2K $30.21/SF
− OpEx
−$15.8K −$13.59/SF
NOI
$19.4K $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%
$387,140
Cap Rate 7%
$276,529
Cap Rate 9%
$215,078
Alternative Uses
Best Use
Apartment 5plus
$276.5K
$242.0K – $322.6K
NOI $19,357 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.2K
$524.3K – $699.1K
NOI $41,947 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
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Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An updated kitchen and open living area connect to covered outdoor space overlooking Glover Archbold Park.
Where is this residential income property located?
The property is located at 4114 DAVIS PLACE NW Unit 315 Washington, DC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Top‑floor, two‑bedroom condominium with 1,165 square feet; Covered balcony overlooking Glover Archbold Park; Updated kitchen and open floor plan
