Two-Bedroom Cooperative
For Sale
$650,000
4514 CONNECTICUT AVENUE NW Unit 208, Washington, DC 20008
The residence includes a solarium, in-unit laundry, garage parking, and access to the Van Ness Metro.
Property Size1,485 SF
Price / SF$437.71
Days on Market141
Property Features for 4514 CONNECTICUT AVENUE NW Unit 208
General Information
Standard status
Active
Size
1,485 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wakefield
Taxes and HOA fees
Annual Taxes
$130,811
Building Details
Building Size
1,485 SF
Year Built
1928
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Joan Caton Cromwell · License #SP98360120
(202) 441-8912
Source:
Evansgroupdmv
Added: Jun 12
Changed: Oct 27
Last Checked: Oct 27 at 3:52AM
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.
This 1,485-square-foot cooperative apartment is in the Ponce de Leon Cooperative, a Spanish Revival building completed in 1928. The two-bedroom layout includes a living room, formal dining room, galley kitchen with a breakfast area, and a solarium with terrazzo flooring. Other features include hardwood floors, in-unit laundry, ample closets, and central air conditioning in the bedrooms. The hall bath has terrazzo floors and walls, a roll-in shower, and a grab bar. Doorways have been widened where possible, and garage parking is included.
The property is at 4514 Connecticut Avenue NW in Washington, DC. Van Ness Metro, grocery stores, restaurants, CVS, and a weekly farmers market at UDC are nearby. Politics & Prose, Call Your Mother, and Comet Ping Pong are also in the surrounding area.
The property is at 4514 Connecticut Avenue NW in Washington, DC. Van Ness Metro, grocery stores, restaurants, CVS, and a weekly farmers market at UDC are nearby. Politics & Prose, Call Your Mother, and Comet Ping Pong are also in the surrounding area.
Key Highlights
- 1,485‑square‑foot cooperative apartment in the Ponce de Leon Cooperative
- Two bedrooms, formal dining room, breakfast area, and solarium
- Garage parking and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,674
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,480
$493.5K
Cap Rate 7%
$352,486
$352.5K
Cap Rate 9%
$274,156
$274.2K
Market Conditions
NOI Build-Up for 1,485 SF
Gross rent
$47.2K $31.80/SF
− Vacancy
−$2.4K −$1.59/SF
EGI
$44.9K $30.21/SF
− OpEx
−$20.2K −$13.59/SF
NOI
$24.7K $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%
$493,480
Cap Rate 7%
$352,486
Cap Rate 9%
$274,156
Alternative Uses
Best Use
Apartment 5plus
$352.5K
$308.4K – $411.2K
NOI $24,674 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$763.8K
$668.4K – $891.2K
NOI $53,469 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
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Business Placement
Demographics for 20008, DC
30,143
Population
18,083
Households
1.7
Avg Household Size
38
Median Age
89%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,724
Density / Sq Mi
$123,653
Median Household Income
$87,607
Median Earnings
$2,202
Median Rent
$894,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a solarium, in-unit laundry, garage parking, and access to the Van Ness Metro.
Where is this residential income property located?
The property is located at 4514 CONNECTICUT AVENUE NW Unit 208 Washington, DC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,485‑square‑foot cooperative apartment in the Ponce de Leon Cooperative; Two bedrooms, formal dining room, breakfast area, and solarium; Garage parking and in‑unit laundry
