One-Bedroom Co-op
For Sale
$299,000
4514 CONNECTICUT AVENUE NW Unit 204, Washington, DC 20008
The renovated second-floor home combines hardwood floors, granite countertops, and generous closet storage.
Property Size735 SF
Price / SF$406.80
Days on Market49
Property Features for 4514 CONNECTICUT AVENUE NW Unit 204
General Information
Standard status
Active
Size
735 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wakefield
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
HOA Fee
$547
Taxes and HOA fees
Annual Taxes
$163,739
Amenities
fob entry
controlled-access package room
free laundry on every floor
bike room
rentable parking across the street
Building Details
Building Size
735 SF
Year Built
1928
Construction
Spanish Revival
Listing Agency:
Compass
Listed By:
Anne Ryan Harrison · License #SP98378805
(202) 256-3666
Source:
Districtpropertygroup
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 3:33PM
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 Compass
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Investment Insights
Based on property information with market context.
This 735-square-foot co-op occupies the second floor of a 1928 Spanish Revival building listed on the National Register of Historic Places. The one-bedroom residence has two exposures, hardwood flooring, crown molding, granite countertops, and three large closets. Recent updates include fresh paint and a new refrigerator.
Building amenities include elevator service, fob-controlled entry, a secured package room, free laundry on each floor, and a bicycle room. Cats and dogs are permitted, and parking is available for rent across the street.
The property is 0.3 miles from Van Ness-UDC Metro on the Red Line. Bread Furst, Pho 14, Giant, Cleveland Park, and the National Zoo are nearby.
Building amenities include elevator service, fob-controlled entry, a secured package room, free laundry on each floor, and a bicycle room. Cats and dogs are permitted, and parking is available for rent across the street.
The property is 0.3 miles from Van Ness-UDC Metro on the Red Line. Bread Furst, Pho 14, Giant, Cleveland Park, and the National Zoo are nearby.
Key Highlights
- 735‑square‑foot, one‑bedroom co‑op on the second floor
- Built in 1928 in the Spanish Revival style; listed on the National Register of Historic Places
- Two exposures, hardwood floors, crown molding, granite countertops, and three large closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,212
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,240
$244.2K
Cap Rate 7%
$174,457
$174.5K
Cap Rate 9%
$135,689
$135.7K
Market Conditions
NOI Build-Up for 735 SF
Gross rent
$23.4K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$22.2K $30.21/SF
− OpEx
−$10.0K −$13.59/SF
NOI
$12.2K $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%
$244,240
Cap Rate 7%
$174,457
Cap Rate 9%
$135,689
Alternative Uses
Best Use
Apartment 5plus
$174.5K
$152.7K – $203.5K
NOI $12,212 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.1K
$330.8K – $441.1K
NOI $26,464 @ 7.0% cap · market cap 8.85%
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
1,409
Businesses Nearby
Explore this area
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 renovated second-floor home combines hardwood floors, granite countertops, and generous closet storage.
Where is this residential income property located?
The property is located at 4514 CONNECTICUT AVENUE NW Unit 204 Washington, DC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 735‑square‑foot, one‑bedroom co‑op on the second floor; Built in 1928 in the Spanish Revival style; listed on the National Register of Historic Places; Two exposures, hardwood floors, crown molding, granite countertops, and three large closets
