Residential Income Property with
For Sale
$369,900
520 N STREET SW Unit S318, Washington, DC 20024
The corner residence has floor-to-ceiling windows, hardwood floors, and a renovated kitchen.
Property Size810 SF
Price / SF$456.67
Days on Market211
Property Features for 520 N STREET SW Unit S318
General Information
Standard status
Active
Size
810 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Amenities
indoor swimming pool
fitness center
club room
bike room
rooftop deck
24-hour gatehouse security
concierge
gas grills
storage lockers
laundry facilities
EV charging stations
car wash station
library
quiet telework space
meeting rooms
woodworking hobby shop
private balcony
Building Details
Building Size
810 SF
Year Built
1966
Construction
mid-century modern
Listing Agency:
KW Metro Center
Listed By:
Wendy Wright · License #SP200205076
(703) 867-7666
Source:
Kwcapitalproperties
Added: Mar 11
Changed: Oct 6
Last Checked: Oct 6 at 2:35AM
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
Investment Insights
Based on property information with market context.
This one-bedroom corner co-op residence offers approximately 810 square feet, with floor-to-ceiling windows and two sets of sliding glass doors opening to a private corner balcony. Hardwood floors run throughout. The renovated kitchen includes a cooktop, stainless steel refrigerator, wall oven, microwave, and dishwasher; the cooktop was replaced in 2021.
The building provides an indoor pool, fitness center, library, club room, bike room, and rooftop deck. Other shared facilities include laundry rooms, storage lockers, EV charging, a car wash station, meeting rooms, a telework area, and a woodworking shop. A staffed gatehouse and concierge are available around the clock.
The property is two blocks from The Wharf and the Waterfront Metro station on the Green Line. Safeway is also within a couple of blocks. L’Enfant Plaza Metro, with Blue, Yellow, Green, and Orange Line service, is a few blocks farther away. The building dates to 1966.
The building provides an indoor pool, fitness center, library, club room, bike room, and rooftop deck. Other shared facilities include laundry rooms, storage lockers, EV charging, a car wash station, meeting rooms, a telework area, and a woodworking shop. A staffed gatehouse and concierge are available around the clock.
The property is two blocks from The Wharf and the Waterfront Metro station on the Green Line. Safeway is also within a couple of blocks. L’Enfant Plaza Metro, with Blue, Yellow, Green, and Orange Line service, is a few blocks farther away. The building dates to 1966.
Key Highlights
- Approximately 810 square feet with one bedroom
- Corner layout with private balcony and two sets of sliding glass doors
- Renovated kitchen; cooktop replaced in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,459
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,180
$269.2K
Cap Rate 7%
$192,271
$192.3K
Cap Rate 9%
$149,544
$149.5K
Market Conditions
NOI Build-Up for 810 SF
Gross rent
$25.8K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$24.5K $30.21/SF
− OpEx
−$11.0K −$13.59/SF
NOI
$13.5K $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%
$269,180
Cap Rate 7%
$192,271
Cap Rate 9%
$149,544
Alternative Uses
Best Use
Apartment 5plus
$192.3K
$168.2K – $224.3K
NOI $13,459 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$416.6K
$364.6K – $486.1K
NOI $29,165 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The corner residence has floor-to-ceiling windows, hardwood floors, and a renovated kitchen.
Where is this residential income property located?
The property is located at 520 N STREET SW Unit S318 Washington, DC.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Approximately 810 square feet with one bedroom; Corner layout with private balcony and two sets of sliding glass doors; Renovated kitchen; cooktop replaced in 2021
