Two-Bedroom Condominium with Cathedral
For Sale
$354,900
4600 CONNECTICUT AVENUE NW Unit 709, Washington, DC 20008
Custom closet storage and wood flooring complement the residence’s National Cathedral outlook.
Property Size1,049 SF
Price / SF$338.32
Days on Market42
Property Features for 4600 CONNECTICUT AVENUE NW Unit 709
General Information
Standard status
Active
Size
1,049 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wakefield
Taxes and HOA fees
Annual Taxes
$2,519
Building Details
Building Size
1,049 SF
Year Built
1948
Listing Agency:
REMAX Platinum Realty
Listed By:
Mario A Ramon · License #SP98365022
(202) 247-6457
Source:
Horsefarmsandcountryhomes
Added: Sep 18
Changed: Oct 27
Last Checked: Oct 26 at 6:59PM
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 REMAX Platinum Realty
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Investment Insights
Based on property information with market context.
This 1,049-square-foot condominium has two bedrooms and two bathrooms, with wood floors, ample closet space, and custom-built storage. Windows frame views of the National Cathedral. Recent work includes fresh interior paint, updated lighting, a replacement refrigerator, and refinishing in the primary bathroom, along with installation of a comfort-height toilet.
The building offers a 24-hour front desk, controlled entry, a fitness center, rooftop deck and lounge, landscaped garden areas with picnic space, and basement storage. Utilities are included in the condominium fee; garage parking may be rented separately. Plans call for elevator replacement and common-area work in 2027.
The Van Ness setting is near the Van Ness-UDC Red Line station, shops, cafés, restaurants, and Rock Creek Park. The park provides nearby space for walking, running, and recreation.
The building offers a 24-hour front desk, controlled entry, a fitness center, rooftop deck and lounge, landscaped garden areas with picnic space, and basement storage. Utilities are included in the condominium fee; garage parking may be rented separately. Plans call for elevator replacement and common-area work in 2027.
The Van Ness setting is near the Van Ness-UDC Red Line station, shops, cafés, restaurants, and Rock Creek Park. The park provides nearby space for walking, running, and recreation.
Key Highlights
- Two‑bedroom, two‑bath condominium with 1,049 square feet
- Windows offer views of the National Cathedral
- Custom‑built closet storage and wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,430
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,600
$348.6K
Cap Rate 7%
$249,000
$249.0K
Cap Rate 9%
$193,667
$193.7K
Market Conditions
NOI Build-Up for 1,049 SF
Gross rent
$33.4K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$31.7K $30.21/SF
− OpEx
−$14.3K −$13.59/SF
NOI
$17.4K $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%
$348,600
Cap Rate 7%
$249,000
Cap Rate 9%
$193,667
Alternative Uses
Best Use
Apartment 5plus
$249.0K
$217.9K – $290.5K
NOI $17,430 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.6K
$472.1K – $629.5K
NOI $37,770 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,350
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 - Custom closet storage and wood flooring complement the residence’s National Cathedral outlook.
Where is this residential income property located?
The property is located at 4600 CONNECTICUT AVENUE NW Unit 709 Washington, DC.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with 1,049 square feet; Windows offer views of the National Cathedral; Custom‑built closet storage and wood floors
