Residential Income Property with
For Sale
$724,900
4328 GEORGIA AVENUE NW Unit PENTHOUSE, Washington, DC 20011
Two-bedroom penthouse residence with private elevator entry and substantial wraparound outdoor space.
Property Size1,350 SF
Days on Market141
Property Features for 4328 GEORGIA AVENUE NW Unit PENTHOUSE
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Building Details
Building Size
1,350 SF
Year Built
2025
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Dina V Shaminova
(202) 640-8415
Source:
Barnesrealestatecompany
Added: Jun 13
Changed: Oct 29
Last Checked: Oct 28 at 2:52PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Completed in 2025, this penthouse residence occupies approximately 1,300 square feet within a newly constructed elevator building. Private elevator access opens directly into the home, which features an open kitchen and living arrangement, expansive windows, and two bedrooms positioned apart from the primary entertaining areas. A wraparound terrace adds substantial outdoor space for gatherings, lounging, and neighborhood views.
The property is located along the Georgia Avenue corridor in Petworth, with Metro access, parks, fitness studios, coffee shops, Safeway, Yes! Organic Market, Hook Hall, Midlands Beer Garden, Call Your Mother, and Sonny’s Pizza nearby. The combination of direct elevator entry, a two-bedroom layout, and extensive outdoor space distinguishes this residential offering.
The property is located along the Georgia Avenue corridor in Petworth, with Metro access, parks, fitness studios, coffee shops, Safeway, Yes! Organic Market, Hook Hall, Midlands Beer Garden, Call Your Mother, and Sonny’s Pizza nearby. The combination of direct elevator entry, a two-bedroom layout, and extensive outdoor space distinguishes this residential offering.
Key Highlights
- Approximately 1,300 square feet of interior space
- Wraparound terrace with expansive usable outdoor area
- Private elevator access directly into the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,487
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,740
$429.7K
Cap Rate 7%
$306,957
$307.0K
Cap Rate 9%
$238,744
$238.7K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$41.5K $30.72/SF
− Vacancy
−$2.4K −$1.78/SF
EGI
$39.1K $28.94/SF
− OpEx
−$17.6K −$13.02/SF
NOI
$21.5K $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%
$429,740
Cap Rate 7%
$306,957
Cap Rate 9%
$238,744
Alternative Uses
Best Use
Apartment 5plus
$307.0K
$268.6K – $358.1K
NOI $21,487 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$697.0K
$609.9K – $813.2K
NOI $48,791 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,790
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 - Two-bedroom penthouse residence with private elevator entry and substantial wraparound outdoor space.
Where is this residential income property located?
The property is located at 4328 GEORGIA AVENUE NW Unit PENTHOUSE Washington, DC.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Approximately 1,300 square feet of interior space; Wraparound terrace with expansive usable outdoor area; Private elevator access directly into the residence
