Residential Income Property with
For Sale
$485,000
4707 CONNECTICUT AVENUE NW Unit 313, Washington, DC 20008
One-bedroom, one-bath condominium includes an enclosed sunroom and indoor deeded garage parking.
Property Size952 SF
Price / SF$509.45
Days on Market98
Property Features for 4707 CONNECTICUT AVENUE NW Unit 313
General Information
Standard status
Active
Size
952 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wakefield
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,818
Amenities
concierge
extra storage
bike storage
Building Details
Building Size
952 SF
Year Built
1930
Listing Agency:
EXP Realty, LLC
Listed By:
Juanita Matthews
(410) 802-5820
Source:
Canopy-re
Added: Jul 24
Changed: Oct 28
Last Checked: Oct 26 at 12:53PM
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 EXP Realty, LLC
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Investment Insights
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This one-bedroom, one-bath condominium features open living and dining areas alongside an enclosed sunroom. Improvements include energy-efficient windows installed in 2020, a Bosch dishwasher and sunroom doors added in 2023, an HVAC system installed in 2024, and a Kohler kitchen faucet added in 2025. The building dates to 1930.
Residents have concierge service for receiving and holding packages, additional storage, and dedicated bike storage assigned to unit 313. The property also includes indoor deeded garage parking in owner-assigned space 24, as identified by the condo association.
Van Ness-UDC and Tenleytown-AU Metro stations are nearby. Grocery stores, pharmacies, restaurants, cafes, fitness studios, and local shops are also in the surrounding area.
Residents have concierge service for receiving and holding packages, additional storage, and dedicated bike storage assigned to unit 313. The property also includes indoor deeded garage parking in owner-assigned space 24, as identified by the condo association.
Van Ness-UDC and Tenleytown-AU Metro stations are nearby. Grocery stores, pharmacies, restaurants, cafes, fitness studios, and local shops are also in the surrounding area.
Key Highlights
- Enclosed sunroom supplements the open living and dining areas
- One bedroom and one bathroom
- Energy‑efficient windows installed in 2020; HVAC system installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,818
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,360
$316.4K
Cap Rate 7%
$225,971
$226.0K
Cap Rate 9%
$175,756
$175.8K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$30.3K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$28.8K $30.21/SF
− OpEx
−$12.9K −$13.59/SF
NOI
$15.8K $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%
$316,360
Cap Rate 7%
$225,971
Cap Rate 9%
$175,756
Alternative Uses
Best Use
Apartment 5plus
$226.0K
$197.7K – $263.6K
NOI $15,818 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.7K
$428.5K – $571.3K
NOI $34,277 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
966
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 - One-bedroom, one-bath condominium includes an enclosed sunroom and indoor deeded garage parking.
Where is this residential income property located?
The property is located at 4707 CONNECTICUT AVENUE NW Unit 313 Washington, DC.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Enclosed sunroom supplements the open living and dining areas; One bedroom and one bathroom; Energy‑efficient windows installed in 2020; HVAC system installed in 2024
