Top-Floor Residential Income
For Sale
$754,900
449 R STREET NW Unit 301, Washington, DC 20001
Two-level corner residence with flexible loft space, rooftop terrace access, parking, storage, and condominium amenities.
Property Size1,302 SF
Price / SF$539.21
Days on Market198
Property Features for 449 R STREET NW Unit 301
General Information
Standard status
Active
Size
1,302 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Shaw
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,936
Amenities
extra storage
fitness room
bike storage and lockers
secure modern entry system
rooftop terrace
Building Details
Building Size
1,302 SF
Year Built
2007
Construction
loft-style
Listing Agency:
Samson Properties
Listed By:
Christian Chavez Perez Palma · License #SP40001359
(703) 984-9733
Source:
Barnesrealestatecompany
Added: Apr 16
Changed: Oct 27
Last Checked: Oct 28 at 5:30PM
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 Samson Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This top-floor, corner residential income property at The Monique Condominium is a two-level residence with nearly 1,400 square feet, two bedrooms, two full bathrooms, and a powder room. The loft-style interior features two-story ceilings, expansive windows, hardwood floors, recessed lighting, custom blinds, remote-controlled ceiling fans, and a smart thermostat. The kitchen includes stainless steel appliances, marble countertops, a wine refrigerator, and extensive cabinetry. An upper-level loft provides adaptable space and opens to private and shared rooftop terrace areas. Additional features include an in-unit washer and dryer and a jacuzzi tub.
Built in 2007, The Monique is a 12-unit condominium with a parking space, extra storage, fitness room, bike storage, lockers, and a secure modern entry system. The property is located at 449 R Street NW in Washington, DC, near Shaw Metro, Whole Foods, dining, nightlife, and cultural destinations.
Built in 2007, The Monique is a 12-unit condominium with a parking space, extra storage, fitness room, bike storage, lockers, and a secure modern entry system. The property is located at 449 R Street NW in Washington, DC, near Shaw Metro, Whole Foods, dining, nightlife, and cultural destinations.
Key Highlights
- Top‑floor corner residence with two‑story ceilings and nearly 1,400 square feet
- Two bedrooms, two full bathrooms, and a powder room
- Upper‑level loft with access to private and shared rooftop terrace areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,262
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,240
$465.2K
Cap Rate 7%
$332,314
$332.3K
Cap Rate 9%
$258,467
$258.5K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$44.5K $31.80/SF
− Vacancy
−$2.2K −$1.59/SF
EGI
$42.3K $30.21/SF
− OpEx
−$19.0K −$13.59/SF
NOI
$23.3K $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%
$465,240
Cap Rate 7%
$332,314
Cap Rate 9%
$258,467
Alternative Uses
Best Use
Apartment 5plus
$332.3K
$290.8K – $387.7K
NOI $23,262 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.1K
$630.1K – $840.1K
NOI $50,408 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,239
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level corner residence with flexible loft space, rooftop terrace access, parking, storage, and condominium amenities.
Where is this residential income property located?
The property is located at 449 R STREET NW Unit 301 Washington, DC.
What is the asking price?
The asking price for this property is $754,900.
What are key features of this property?
This property features: Top‑floor corner residence with two‑story ceilings and nearly 1,400 square feet; Two bedrooms, two full bathrooms, and a powder room; Upper‑level loft with access to private and shared rooftop terrace areas
