Residential Income Property with Rooftop
For Sale
$424,900
510 N STREET SW Unit N622, Washington, DC 20024
The one-bedroom residence pairs an open interior with private outdoor space and cooperative building amenities.
Property Size760 SF
Price / SF$559.08
Days on Market183
Property Features for 510 N STREET SW Unit N622
General Information
Standard status
Active
Size
760 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Amenities
24/7 gatehouse security
indoor pool
fitness center
rooftop decks
private patio
Building Details
Building Size
760 SF
Year Built
1966
Construction
mid-century modern
Listing Agency:
KW Metro Center
Listed By:
Wendy Wright · License #SP200205076
(703) 867-7666
Source:
Jackrealtygroup
Added: May 1
Changed: Oct 26
Last Checked: Oct 26 at 10:29AM
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 KW Metro Center
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 510 N Street SW, Unit N622, this one-bedroom cooperative residence offers 760 square feet of interior space and a 400-square-foot private rooftop patio. Built in 1966, the home has an open layout, mid-century modern design, and glass doors that connect the living area to the terrace. Harbour Square provides 24-hour gatehouse security, an indoor pool, a fitness center, and rooftop decks. The monthly cooperative fee includes property taxes, utilities, high-speed internet, and cable.
The property is in Washington, DC’s Southwest Waterfront, close to the Wharf, a farmers market, and Metro service.
The property is in Washington, DC’s Southwest Waterfront, close to the Wharf, a farmers market, and Metro service.
Key Highlights
- One‑bedroom residence with 760 square feet of interior space
- Private rooftop patio measures 400 square feet
- Harbour Square cooperative building includes an indoor pool, fitness center, rooftop decks, and 24‑hour gatehouse security
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,628
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,560
$252.6K
Cap Rate 7%
$180,400
$180.4K
Cap Rate 9%
$140,311
$140.3K
Market Conditions
NOI Build-Up for 760 SF
Gross rent
$24.2K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.0K $30.21/SF
− OpEx
−$10.3K −$13.59/SF
NOI
$12.6K $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%
$252,560
Cap Rate 7%
$180,400
Cap Rate 9%
$140,311
Alternative Uses
Best Use
Apartment 5plus
$180.4K
$157.9K – $210.5K
NOI $12,628 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.9K
$342.1K – $456.1K
NOI $27,364 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,490
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
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom residence pairs an open interior with private outdoor space and cooperative building amenities.
Where is this residential income property located?
The property is located at 510 N STREET SW Unit N622 Washington, DC.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: One‑bedroom residence with 760 square feet of interior space; Private rooftop patio measures 400 square feet; Harbour Square cooperative building includes an indoor pool, fitness center, rooftop decks, and 24‑hour gatehouse security
