One-Bedroom Residential Income
For Sale
$399,900
50 FLORIDA AVENUE NE Unit 412, Washington, DC 20002
Modern condominium residence with a balcony, custom storage, private locker, and full-service building amenities.
Property Size663 SF
Days on Market40
Property Features for 50 FLORIDA AVENUE NE Unit 412
General Information
Standard status
Active
Size
663 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,072
Amenities
24-hour concierge
outdoor pool
fitness center
business lounge
party room
bike room
package room
private balcony
in-unit washer/dryer
storage locker
Building Details
Building Size
663 SF
Year Built
2020
Listing Agency:
Compass
Listed By:
Catherine Arnaud-Charbonneau · License #SP98370022
(301) 602-7808
Source:
Kwcapitalproperties
Added: Sep 10
Changed: Oct 12
Last Checked: Oct 16 at 4:45PM
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.
Residence 412 at The Lexicon is a 2020-built, one-bedroom home with an open living and dining layout, five-inch hardwood flooring, recessed lighting, and floor-to-ceiling built-ins incorporating office space and concealed storage. The kitchen includes shaker cabinetry, quartz counters, a herringbone backsplash, stainless steel appliances, and a gas range. A private balcony extends from the living area, while the bedroom offers a walk-in closet with custom organization and access to an updated double-entry bathroom with a soaking tub. Full-size in-unit laundry and a private temperature-controlled storage locker are included.
The full-service, pet-friendly building provides 8,000 square feet of retail, 24-hour concierge service, an outdoor pool, fitness center, business lounge, party room, secure bike storage, and package rooms. Garage parking is available for rent or purchase, with additional street parking nearby. The property is at 50 Florida Avenue NE in Washington, DC, approximately 0.4 miles from the NoMa Metro station and near Union Market, Trader Joe’s, the Harry Thomas Recreation Center, and the Metropolitan Branch Trail.
The full-service, pet-friendly building provides 8,000 square feet of retail, 24-hour concierge service, an outdoor pool, fitness center, business lounge, party room, secure bike storage, and package rooms. Garage parking is available for rent or purchase, with additional street parking nearby. The property is at 50 Florida Avenue NE in Washington, DC, approximately 0.4 miles from the NoMa Metro station and near Union Market, Trader Joe’s, the Harry Thomas Recreation Center, and the Metropolitan Branch Trail.
Key Highlights
- 2020‑built one‑bedroom residence at The Lexicon
- Open plan with five‑inch hardwood floors and custom floor‑to‑ceiling built‑ins
- Kitchen with quartz counters, herringbone backsplash, stainless steel appliances, and gas range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,287
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,740
$225.7K
Cap Rate 7%
$161,243
$161.2K
Cap Rate 9%
$125,411
$125.4K
Market Conditions
NOI Build-Up for 663 SF
Gross rent
$21.9K $33.00/SF
− Vacancy
−$1.4K −$2.05/SF
EGI
$20.5K $30.95/SF
− OpEx
−$9.2K −$13.93/SF
NOI
$11.3K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,740
Cap Rate 7%
$161,243
Cap Rate 9%
$125,411
Alternative Uses
Best Use
Apartment 5plus
$161.2K
$141.1K – $188.1K
NOI $11,287 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.3K
$299.5K – $399.4K
NOI $23,962 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,537
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Modern condominium residence with a balcony, custom storage, private locker, and full-service building amenities.
Where is this residential income property located?
The property is located at 50 FLORIDA AVENUE NE Unit 412 Washington, DC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2020‑built one‑bedroom residence at The Lexicon; Open plan with five‑inch hardwood floors and custom floor‑to‑ceiling built‑ins; Kitchen with quartz counters, herringbone backsplash, stainless steel appliances, and gas range
