Renovated Residential Income
For Sale
$365,000
510 N ST SW #N422, Washington, DC 20024
WASHINGTON, DC
Property Size777 SF
Price / SF$469.76
Days on Market93
Property Features for 510 N ST SW #N422
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1
Subdivision
SW WATERFRONT
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Amenities
indoor swimming pool
fitness center
24-hour gatehouse
staffed front desk
rooftop terraces
water gardens
walking paths
in-unit washer/dryer
private balcony
Building Details
Year built
1966
Listing Agency:
Chevy Chase Circle
(202) 966-1400
Listed By:
Nancy Pulley
Added: Jul 19
Changed: Oct 12
Last Checked: Oct 19 at 2:06AM
MLS# DCDC2274226
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This renovated one-bedroom residence at Harbour Square measures approximately 777 square feet and has seven closets. Floor-to-ceiling glass brings daylight into the open layout and connects the living area to a private balcony facing the Loggia Gardens and water garden. The updated kitchen has a seating island, stainless steel appliances, and a GE Profile induction range. An in-unit washer and dryer, marble bathroom with glass-enclosed shower, Lutron lighting, motorized window shades, and sun-control window film round out the improvements.
Harbour Square occupies a landscaped six-acre setting with lawns, water gardens, walking paths, rooftop terraces, an indoor pool, and a fitness center. Building services include a 24-hour gatehouse, staffed front desk, and on-site maintenance. The HOA fee covers property taxes, utilities, internet, cable television, water, sewer, trash, management, and reserve funding.
The Waterfront Metro station and The Wharf are about a block away. The nearby waterfront district includes restaurants, shops, music venues, recreation, and water taxi service. The Washington Channel, Smithsonian museums, National Mall, and U.S. Capitol are also within walking reach.
Harbour Square occupies a landscaped six-acre setting with lawns, water gardens, walking paths, rooftop terraces, an indoor pool, and a fitness center. Building services include a 24-hour gatehouse, staffed front desk, and on-site maintenance. The HOA fee covers property taxes, utilities, internet, cable television, water, sewer, trash, management, and reserve funding.
The Waterfront Metro station and The Wharf are about a block away. The nearby waterfront district includes restaurants, shops, music venues, recreation, and water taxi service. The Washington Channel, Smithsonian museums, National Mall, and U.S. Capitol are also within walking reach.
Key Highlights
- Approximately 777 square feet with one bedroom and seven closets
- Private balcony faces the Loggia Gardens and water garden
- Renovated kitchen with seating island, stainless steel appliances, and GE Profile induction range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,910
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,200
$258.2K
Cap Rate 7%
$184,429
$184.4K
Cap Rate 9%
$143,444
$143.4K
Market Conditions
NOI Build-Up for 777 SF
Gross rent
$24.7K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.5K $30.21/SF
− OpEx
−$10.6K −$13.59/SF
NOI
$12.9K $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%
$258,200
Cap Rate 7%
$184,429
Cap Rate 9%
$143,444
Alternative Uses
Best Use
Apartment 5plus
$184.4K
$161.4K – $215.2K
NOI $12,910 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.7K
$349.7K – $466.3K
NOI $27,976 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Explore this area
Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom home pairs a private balcony with extensive storage and a redesigned kitchen.
Where is this residential income property located?
The property is located at 510 N ST SW #N422 Washington, DC.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Approximately 777 square feet with one bedroom and seven closets; Private balcony faces the Loggia Gardens and water garden; Renovated kitchen with seating island, stainless steel appliances, and GE Profile induction range
