Residential Income Property with
For Sale
$199,900
4600 CONNECTICUT AVENUE NW Unit 717, Washington, DC 20008
A separate den, updated kitchen, and building-wide services add flexibility to this studio condominium.
Property Size577 SF
Price / SF$346.45
Days on Market72
Property Features for 4600 CONNECTICUT AVENUE NW Unit 717
General Information
Standard status
Active
Size
577 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wakefield
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,932
Amenities
concierge
fitness center
laundry facilities
bike storage
rooftop deck
landscaped grounds
private balcony
Building Details
Building Size
577 SF
Year Built
1948
Listing Agency:
TTR Sotheby's International Realty
Listed By:
IOANNIS KONSTANTOPOULOS · License #SP98375354
(202) 957-3339
Source:
Jackrealtygroup
Added: Aug 18
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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
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This 577-square-foot studio condominium is on the seventh floor of a 1948 building. Parquet hardwood flooring, large windows, and balcony access define the main living area, with room for distinct living, dining, sleeping, and work zones. A separate den and ample closets add usable space. The kitchen has marble countertops, refreshed cabinetry, and stainless-steel appliances, including a new dishwasher. The residence has been freshly painted, and existing infrastructure may accommodate a future in-unit washer and dryer installation.
The private balcony has open views toward Washington National Cathedral and the building’s landscaped park. The condominium fee includes all utilities. Building amenities include a 24-hour front desk, concierge, on-site management, fitness center, laundry facilities, bike storage, rooftop deck, and private grounds. Hallway upgrades and elevator modernization are underway.
The property is at 4600 Connecticut Avenue NW in Washington, DC. Van Ness and Tenleytown Metro stations, bus lines, Rock Creek Park, grocery stores, shops, and restaurants are within easy reach. Parking may be available to rent.
The private balcony has open views toward Washington National Cathedral and the building’s landscaped park. The condominium fee includes all utilities. Building amenities include a 24-hour front desk, concierge, on-site management, fitness center, laundry facilities, bike storage, rooftop deck, and private grounds. Hallway upgrades and elevator modernization are underway.
The property is at 4600 Connecticut Avenue NW in Washington, DC. Van Ness and Tenleytown Metro stations, bus lines, Rock Creek Park, grocery stores, shops, and restaurants are within easy reach. Parking may be available to rent.
Key Highlights
- 577‑square‑foot studio on the seventh floor of a 1948 building
- Private balcony with views toward Washington National Cathedral and the landscaped park
- Separate den, ample closets, parquet flooring, and updated kitchen with marble countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,587
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,740
$191.7K
Cap Rate 7%
$136,957
$137.0K
Cap Rate 9%
$106,522
$106.5K
Market Conditions
NOI Build-Up for 577 SF
Gross rent
$18.3K $31.80/SF
− Vacancy
−$917 −$1.59/SF
EGI
$17.4K $30.21/SF
− OpEx
−$7.8K −$13.59/SF
NOI
$9.6K $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%
$191,740
Cap Rate 7%
$136,957
Cap Rate 9%
$106,522
Alternative Uses
Best Use
Apartment 5plus
$137.0K
$119.8K – $159.8K
NOI $9,587 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.8K
$259.7K – $346.3K
NOI $20,775 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
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 - A separate den, updated kitchen, and building-wide services add flexibility to this studio condominium.
Where is this residential income property located?
The property is located at 4600 CONNECTICUT AVENUE NW Unit 717 Washington, DC.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 577‑square‑foot studio on the seventh floor of a 1948 building; Private balcony with views toward Washington National Cathedral and the landscaped park; Separate den, ample closets, parquet flooring, and updated kitchen with marble countertops
