Penthouse Residential Income
For Sale
$780,000
425 M STREET NW Unit J, Washington, DC 20001
Top-floor residence pairs private outdoor space with a three-sided window exposure and an ensuite bath for each bedroom.
Property Size1,344 SF
Price / SF$580.36
Days on Market18
Property Features for 425 M STREET NW Unit J
General Information
Standard status
Active
Size
1,344 SF
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,302
Amenities
private rooftop deck
in-unit washer and dryer
Building Details
Building Size
1,344 SF
Year Built
1900
Listing Agency:
Keller Williams Realty
Listed By:
Kevin M Canto
(703) 338-9416
Source:
Barnesrealestatecompany
Added: Oct 1
Changed: Oct 17
Last Checked: Oct 16 at 6:02PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This top-floor condominium offers 1,344 square feet with two bedrooms and two bathrooms, each bedroom connecting to its own ensuite. Windows on three sides bring natural light into the home. Hardwood floors run through the main living areas, while the eat-in kitchen has stainless steel appliances and opens to the living and dining space. A washer and dryer are located in the unit, and the HVAC system and water heater have been replaced. A private rooftop deck provides outdoor space and views across Washington, D.C.
The elevator building has two residences on its top floor. Safeway is around the corner, with Mount Vernon Square Metro, Walter E. Washington Convention Center, Carnegie Library, and the Apple Store a few blocks away. CityCenterDC, Chinatown, and Penn Quarter are also nearby, along with restaurants, shops, coffee shops, and entertainment.
The elevator building has two residences on its top floor. Safeway is around the corner, with Mount Vernon Square Metro, Walter E. Washington Convention Center, Carnegie Library, and the Apple Store a few blocks away. CityCenterDC, Chinatown, and Penn Quarter are also nearby, along with restaurants, shops, coffee shops, and entertainment.
Key Highlights
- Two bedrooms and two bathrooms in 1,344 square feet
- Private rooftop deck with views across Washington, D.C.
- Windows on three sides; both bedrooms have ensuite bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,331
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,620
$446.6K
Cap Rate 7%
$319,014
$319.0K
Cap Rate 9%
$248,122
$248.1K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$42.7K $31.80/SF
− Vacancy
−$2.1K −$1.59/SF
EGI
$40.6K $30.21/SF
− OpEx
−$18.3K −$13.59/SF
NOI
$22.3K $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%
$446,620
Cap Rate 7%
$319,014
Cap Rate 9%
$248,122
Alternative Uses
Best Use
Apartment 5plus
$319.0K
$279.1K – $372.2K
NOI $22,331 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$691.3K
$604.9K – $806.5K
NOI $48,392 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,013
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor residence pairs private outdoor space with a three-sided window exposure and an ensuite bath for each bedroom.
Where is this residential income property located?
The property is located at 425 M STREET NW Unit J Washington, DC.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,344 square feet; Private rooftop deck with views across Washington, D.C.; Windows on three sides; both bedrooms have ensuite bathrooms
