Studio Residential Income
For Sale
$150,000
510 N STREET SW Unit N334, Washington, DC 20024
The open studio layout includes a private balcony and access to an indoor pool, fitness center, and rooftop terrace.
Property Size500 SF
Price / SF$300
Days on Market182
Property Features for 510 N STREET SW Unit N334
General Information
Standard status
Active
Size
500 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
HOA Fee
$996.76
Taxes and HOA fees
Annual Taxes
$1,393
Amenities
indoor pool
fitness center
24-hour gatehouse security
rooftop terrace
EV charging stations
bicycle storage
Building Details
Building Size
500 SF
Year Built
1966
Listing Agency:
KW Metro Center
Listed By:
Wendy Wright · License #SP200205076
(703) 867-7666
Source:
Jackrealtygroup
Added: May 1
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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
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Investment Insights
Based on property information with market context.
This 500-square-foot studio in Harbour Square was built in 1966 and has an open layout, ample closet space, and a private balcony overlooking the community’s interior water gardens. Building amenities include an indoor heated pool, fitness center, rooftop terrace, and 24-hour gatehouse security. Underground garage parking, bicycle storage, and EV charging stations are available for an additional fee.
The property is steps from The Wharf, Arena Stage, and the Waterfront Metro. The National Mall is one mile away; Nationals Park, Audi Field, and Fort McNair are also identified as nearby destinations.
The property is steps from The Wharf, Arena Stage, and the Waterfront Metro. The National Mall is one mile away; Nationals Park, Audi Field, and Fort McNair are also identified as nearby destinations.
Key Highlights
- 500‑square‑foot studio with an open layout and ample closet space
- Private balcony overlooking Harbour Square’s interior water gardens
- Built in 1966
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,308
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,160
$166.2K
Cap Rate 7%
$118,686
$118.7K
Cap Rate 9%
$92,311
$92.3K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$15.9K $31.80/SF
− Vacancy
−$795 −$1.59/SF
EGI
$15.1K $30.21/SF
− OpEx
−$6.8K −$13.59/SF
NOI
$8.3K $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%
$166,160
Cap Rate 7%
$118,686
Cap Rate 9%
$92,311
Alternative Uses
Best Use
Apartment 5plus
$118.7K
$103.9K – $138.5K
NOI $8,308 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.2K
$225.0K – $300.1K
NOI $18,003 @ 7.0% cap · market cap 12.00%
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 open studio layout includes a private balcony and access to an indoor pool, fitness center, and rooftop terrace.
Where is this residential income property located?
The property is located at 510 N STREET SW Unit N334 Washington, DC.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 500‑square‑foot studio with an open layout and ample closet space; Private balcony overlooking Harbour Square’s interior water gardens; Built in 1966
