Two-Bedroom
For Sale
$355,000
5040 1ST STREET NW Unit 401, Washington, DC 20011
Top-floor residence with two full bathrooms, in-unit laundry, and access to shared outdoor spaces.
Property Size868 SF
Price / SF$408.99
Days on Market31
Property Features for 5040 1ST STREET NW Unit 401
General Information
Standard status
Active
Size
868 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,635
Amenities
rooftop deck
community backyard
in-unit laundry
Building Details
Building Size
868 SF
Year Built
1937
Listing Agency:
Compass
Listed By:
George S Lima III · License #SP98370227
(202) 329-5068
Source:
Canopy-re
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 26 at 11:22AM
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.
This 868-square-foot, top-floor condominium has two bedrooms and two bathrooms. The kitchen features granite countertops, GE slate-finish appliances, and ample cabinetry, with a dedicated dining area nearby. Bamboo flooring, ceiling fans, window shades, and in-unit laundry are among the interior features. The primary bedroom includes an en-suite bathroom and walk-in closet; the second bedroom connects to a full hall bathroom. The unit was freshly painted, and the building dates to 1937.
Residents have access to a rooftop deck and a shared backyard with a patio dining area and multiple grills. Fort Totten Metro is a half-mile away, and bus and bike routes serve the area. Nearby destinations named in the listing include La Coop Coffee, One Life Fitness, Upshur Street, the Petworth Farmers Market, Yes! Organic Market, Aldi, and Walmart.
Residents have access to a rooftop deck and a shared backyard with a patio dining area and multiple grills. Fort Totten Metro is a half-mile away, and bus and bike routes serve the area. Nearby destinations named in the listing include La Coop Coffee, One Life Fitness, Upshur Street, the Petworth Farmers Market, Yes! Organic Market, Aldi, and Walmart.
Key Highlights
- 868‑square‑foot, top‑floor condominium with two bedrooms and two bathrooms
- Kitchen with granite countertops, GE slate‑finish appliances, and dedicated dining area
- Primary bedroom has an en‑suite bathroom and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,815
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,300
$276.3K
Cap Rate 7%
$197,357
$197.4K
Cap Rate 9%
$153,500
$153.5K
Market Conditions
NOI Build-Up for 868 SF
Gross rent
$26.7K $30.72/SF
− Vacancy
−$1.5K −$1.78/SF
EGI
$25.1K $28.94/SF
− OpEx
−$11.3K −$13.02/SF
NOI
$13.8K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,300
Cap Rate 7%
$197,357
Cap Rate 9%
$153,500
Alternative Uses
Best Use
Apartment 5plus
$197.4K
$172.7K – $230.3K
NOI $13,815 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$448.1K
$392.1K – $522.8K
NOI $31,370 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
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Business Placement
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 - Top-floor residence with two full bathrooms, in-unit laundry, and access to shared outdoor spaces.
Where is this residential income property located?
The property is located at 5040 1ST STREET NW Unit 401 Washington, DC.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 868‑square‑foot, top‑floor condominium with two bedrooms and two bathrooms; Kitchen with granite countertops, GE slate‑finish appliances, and dedicated dining area; Primary bedroom has an en‑suite bathroom and walk‑in closet
