Two-Level Residential Income
For Sale
$595,000
437 NEW YORK AVENUE NW Unit Y29, Washington, DC 20001
A two-level, one-bedroom residence includes a den, in-unit laundry, and a designated basement parking space.
Property Size1,062 SF
Price / SF$560.26
Days on Market72
Property Features for 437 NEW YORK AVENUE NW Unit Y29
General Information
Standard status
Active
Size
1,062 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Mount Vernon Triangle
Public Transit
Yes
Units
Unit Mix
1 x 1BR+den/1.5BA
Multifamily Units
1
Parking per Unit
1
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$5,051
Amenities
rooftop pool
fitness area
billiard room
work space
lobby gathering space
front door attendant
building manager
in-unit laundry
storage locker
Building Details
Building Size
1,062 SF
Year Built
2008
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Aug 18
Changed: Oct 26
Last Checked: Oct 26 at 1:20PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Unit Y29 is a two-level residence with 1,062 square feet, one bedroom, a den, and 1.5 bathrooms. The main level combines the living, dining, and kitchen areas, while the upper level contains the bedroom, den, and in-unit laundry. Kitchen appliances include a Miele wall oven, cooktop, and dishwasher, plus a KitchenAid refrigerator/freezer. The unit also comes with a basement parking space and a storage locker in a keyed room.
Building amenities include a rooftop pool, fitness area, billiard room, workspace, and lobby gathering area. An attendant and building manager are on site daily. The Mt Vernon/7th St Convention Center Metro station is a five-minute walk away, and Gallery Place/Chinatown Metro station is a ten-minute walk. A Safeway is across the street, with restaurants nearby.
Building amenities include a rooftop pool, fitness area, billiard room, workspace, and lobby gathering area. An attendant and building manager are on site daily. The Mt Vernon/7th St Convention Center Metro station is a five-minute walk away, and Gallery Place/Chinatown Metro station is a ten-minute walk. A Safeway is across the street, with restaurants nearby.
Key Highlights
- Two‑level unit with 1,062 square feet, one bedroom, a den, and 1.5 bathrooms
- Kitchen includes Miele wall oven, cooktop, and dishwasher, plus a KitchenAid refrigerator/freezer
- In‑unit laundry and designated basement parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,646
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,920
$352.9K
Cap Rate 7%
$252,086
$252.1K
Cap Rate 9%
$196,067
$196.1K
Market Conditions
NOI Build-Up for 1,062 SF
Gross rent
$33.8K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$32.1K $30.21/SF
− OpEx
−$14.4K −$13.59/SF
NOI
$17.6K $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%
$352,920
Cap Rate 7%
$252,086
Cap Rate 9%
$196,067
Alternative Uses
Best Use
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,646 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.3K
$478.0K – $637.3K
NOI $38,238 @ 7.0% cap · market cap 6.43%
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
9,313
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - A two-level, one-bedroom residence includes a den, in-unit laundry, and a designated basement parking space.
Where is this residential income property located?
The property is located at 437 NEW YORK AVENUE NW Unit Y29 Washington, DC.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two‑level unit with 1,062 square feet, one bedroom, a den, and 1.5 bathrooms; Kitchen includes Miele wall oven, cooktop, and dishwasher, plus a KitchenAid refrigerator/freezer; In‑unit laundry and designated basement parking space
