Building Details

Building Size 1,103 SF

Year Built 1981

Listing Agency: Samson Properties

Listed By: Mark A Morris · License #BR98377869 Show Phone

Source: Kerishull

Added: Jul 10 Changed: Oct 6 Last Checked: Oct 5 at 10:53PM

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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 Samson Properties

Investment Insights

Based on property information with market context.

This 1981 condominium provides two bedrooms and two full bathrooms within a 1,103-square-foot layout. The interior includes an open living and dining area, recessed lighting, crown molding, and updated flooring. A renovated kitchen adds cabinetry, countertops, stainless steel appliances, designer tile details, and storage. The primary bedroom has a private full bathroom, while the second bedroom can serve as guest space or an office. A private outdoor terrace extends the usable living area.

The property is part of the Brummel Manor community at 502 Brummel Court NW in Washington, DC. Takoma Metro Station, downtown Silver Spring, parks, restaurants, shopping, and major commuter routes are all described as being minutes away.

Key Highlights

• 2‑bedroom, 2‑bathroom condominium with 1,103 SF of living space
• Built in 1981 and located within the Brummel Manor community
• Renovated kitchen with stainless steel appliances and designer tile accents

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,327

Cap Rate

3.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$366,540 $366.5K

Cap Rate 7%

$261,814 $261.8K

Cap Rate 9%

$203,633 $203.6K

Market Conditions

NOI Build-Up for 1,103 SF

Gross rent

$35.1K $31.80/SF

− Vacancy

−$1.8K −$1.59/SF

EGI

$33.3K $30.21/SF

− OpEx

−$15.0K −$13.59/SF

NOI

$18.3K $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%

$366,540

Cap Rate 7%

$261,814

Cap Rate 9%

$203,633

Alternative Uses

Best Use

Apartment 5plus

$261.8K

$229.1K – $305.5K (±1% cap)

NOI $18,327 @ 7.0% cap · market cap 3.78%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$567.3K

$496.4K – $661.9K (±1% cap)

NOI $39,714 @ 7.0% cap · market cap 8.19%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Engineered Data, LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Carpet & Flooring Store Electrical Service (Bike/Boat/Book/etc) Store Pet Store Furniture & Home Goods Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,378

Businesses Nearby

Explore this area Business Placement

Demographics for 20012, DC

15,485

Population

7,599

Households

2

Avg Household Size

41

Median Age

59%

College-Educated

92%

High-School Grad

2.1 sq mi

ZIP Area

7,374

Density / Sq Mi

$128,234

Median Household Income

$75,138

Median Earnings

$1,638

Median Rent

$838,200

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - Two-bedroom condominium with renovated kitchen, private terrace, and open living areas in Brummel Manor.

Where is this residential income property located?

The property is located at 502 BRUMMEL COURT NW 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: 2‑bedroom, 2‑bathroom condominium with 1,103 SF of living space; Built in 1981 and located within the Brummel Manor community; Renovated kitchen with stainless steel appliances and designer tile accents