Residential Income Property with
For Sale
$229,000
4707 CONNECTICUT AVENUE NW Unit 204, Washington, DC 20008
A 695-square-foot studio offers hardwood floors, high ceilings, a separate dining area, and generous closet space.
Property Size695 SF
Price / SF$329.50
Days on Market69
Property Features for 4707 CONNECTICUT AVENUE NW Unit 204
General Information
Standard status
Active
Size
695 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wakefield
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,582
Amenities
additional storage
bike room
picnic area
Building Details
Building Size
695 SF
Year Built
1930
Listing Agency:
Brian Logan Real Estate
Listed By:
Matthew E Vilardo · License #SP98357875
(202) 321-2540
Source:
Jackrealtygroup
Added: Aug 21
Changed: Oct 27
Last Checked: Oct 26 at 3:19PM
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 Brian Logan Real Estate
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Investment Insights
Based on property information with market context.
This 695-square-foot studio condominium, built in 1930, includes a sunroom, hardwood flooring, high ceilings, large windows, and a separate dining area. Central air conditioning conveys in as-is condition. The building has a two-story lobby with a front desk, along with resident storage, a bike room, and a picnic area. Professional management and building reserves are also noted.
The property is on Connecticut Avenue in Washington, DC, within the Forest Hills neighborhood. Van Ness and Friendship Heights Metro stations are nearby, as is Rock Creek Park. The unit’s front-facing position and window exposure are among its physical features.
The property is on Connecticut Avenue in Washington, DC, within the Forest Hills neighborhood. Van Ness and Friendship Heights Metro stations are nearby, as is Rock Creek Park. The unit’s front-facing position and window exposure are among its physical features.
Key Highlights
- 695‑square‑foot studio condominium
- Built in 1930
- Sunroom, hardwood floors, high ceilings, and separate dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,548
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,960
$231.0K
Cap Rate 7%
$164,971
$165.0K
Cap Rate 9%
$128,311
$128.3K
Market Conditions
NOI Build-Up for 695 SF
Gross rent
$22.1K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.0K $30.21/SF
− OpEx
−$9.4K −$13.59/SF
NOI
$11.5K $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%
$230,960
Cap Rate 7%
$164,971
Cap Rate 9%
$128,311
Alternative Uses
Best Use
Apartment 5plus
$165.0K
$144.4K – $192.5K
NOI $11,548 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.5K
$312.8K – $417.1K
NOI $25,024 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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 - A 695-square-foot studio offers hardwood floors, high ceilings, a separate dining area, and generous closet space.
Where is this residential income property located?
The property is located at 4707 CONNECTICUT AVENUE NW Unit 204 Washington, DC.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 695‑square‑foot studio condominium; Built in 1930; Sunroom, hardwood floors, high ceilings, and separate dining area
