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Two-Bedroom Residential Income Property
For Sale
$374,000

5040 1ST STREET NW #302, Washington, DC 20011

Condominium residence with rooftop amenities, in-unit laundry, and updated HVAC and water-heating systems.

Property SizeContact for details
Days on Market194

Property Features for 5040 1ST STREET NW #302

General Information

Standard status Active
Property subtype Apartment

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Additional Details

Public Transit Yes

Amenities

rooftop deck
community yard
grills
bike storage
compost pickup
in-unit laundry
Ceiling Fan(s)
Forced Air
Central A/C
Deck, Patio

Building Details

Year Built 1937
Listed By: Amber Harris · License #SP98378745
Source: Kw
Added: Mar 5 Changed: Sep 14 Last Checked: Sep 14 at 12:43PM

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 Amber Harris

Investment Insights

Based on property information with market context.

Unit 302 is a two-bedroom, two-bath condominium within Berkeley House, a boutique residential community. The interior includes a living room, dining area, kitchen with wood cabinetry and substantial storage, a primary suite with walk-in closet and private bath, and a second bedroom adjoining the main hallway bath. Bamboo flooring, wood blinds, ceiling fans, and in-unit laundry add to the interior finish package. HVAC was updated in 2021, and the water heater was replaced in 2022.

Community features include a rooftop deck, a landscaped yard with multiple grills, bike storage, and compost pickup. The property is approximately half a mile from Fort Totten Metro and is served by multiple bus lines and bike routes. Nearby conveniences named in the property information include La Coop, Onelife, Aldi, Timber Pizza, and San Matteo.

Key Highlights

  • Two‑bedroom, two‑bath condominium in Berkeley House
  • HVAC updated in 2021; water heater replaced in 2022
  • Rooftop deck and landscaped community yard with multiple grills

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Skin Care Clinic Nail Salon

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

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

908
Businesses Nearby

Demographics for 20011, DC

67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential income property - Condominium residence with rooftop amenities, in-unit laundry, and updated HVAC and water-heating systems.
Where is this residential income property located?
The property is located at 5040 1ST STREET NW #302 Washington, DC.
What is the asking price?
The asking price for this property is $374,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium in Berkeley House; HVAC updated in 2021; water heater replaced in 2022; Rooftop deck and landscaped community yard with multiple grills
More about this property
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