Residential Income Property with
For Sale
$800,000
520 N STREET SW Unit S-430 & S-429, Washington, DC 20024
The two-bedroom, two-bath residence combines a flexible interior with multiple private outdoor spaces.
Property Size1,667 SF
Days on Market11
Property Features for 520 N STREET SW Unit S-430 & S-429
General Information
Standard status
Active
Size
1,667 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,208
Amenities
smart appliances
in-unit washer and dryer
24-hour gatehouse security
heated indoor pool
fitness center
rooftop decks
landscaped gardens
water garden
library
meeting spaces
community room
heated floors
digital smart mirror
waterfall shower
heated towel warmers
smart toilet
terrace
balconies
Building Details
Building Size
1,667 SF
Year Built
1966
Construction
mid-century modern
Listing Agency:
RLAH @properties
Listed By:
Joseph Himali · License #BR98367524
(202) 669-4656
Source:
Barnesrealestatecompany
Added: Oct 8
Changed: Oct 17
Last Checked: Oct 16 at 2:59PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
Created from two residences, this two-bedroom, two-bath home has living and dining areas opening to a terrace and three balconies. Renovated in 2023 and refreshed in 2026, it features new luxury designer LVP flooring in the main living areas and second bedroom, plus fresh paint throughout. The kitchen includes smart appliances, ample cabinetry, and generous counter space. A custom walk-in closet adjoins the primary suite and can serve other flexible functions. Heated bathroom floors, a waterfall shower, heated towel warmers, a smart mirror, and a smart toilet are among the primary bath features. In-unit laundry completes the layout.
Harbour Square, designed by Washington architect Chloethiel Woodard Smith, occupies six landscaped acres along the Washington Channel. The building offers 24-hour gatehouse security, an indoor heated pool, fitness center, rooftop decks with 360-degree views, gardens, a library, meeting areas, and a community room for up to 390 guests. Waterfront Metro is two blocks away, with The Wharf nearby.
The cooperative fee covers property taxes, utilities, internet, cable, waste service, and annual preventive maintenance of the in-unit HVAC system. Pets are welcome; garage and covered parking are available to rent.
Harbour Square, designed by Washington architect Chloethiel Woodard Smith, occupies six landscaped acres along the Washington Channel. The building offers 24-hour gatehouse security, an indoor heated pool, fitness center, rooftop decks with 360-degree views, gardens, a library, meeting areas, and a community room for up to 390 guests. Waterfront Metro is two blocks away, with The Wharf nearby.
The cooperative fee covers property taxes, utilities, internet, cable, waste service, and annual preventive maintenance of the in-unit HVAC system. Pets are welcome; garage and covered parking are available to rent.
Key Highlights
- Two‑bedroom, two‑bath residence formed by combining two homes
- Terrace plus three balconies; living and dining areas connect directly to outdoor spaces
- Renovated in 2023 and refreshed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,698
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,960
$554.0K
Cap Rate 7%
$395,686
$395.7K
Cap Rate 9%
$307,756
$307.8K
Market Conditions
NOI Build-Up for 1,667 SF
Gross rent
$53.0K $31.80/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$50.4K $30.21/SF
− OpEx
−$22.7K −$13.59/SF
NOI
$27.7K $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%
$553,960
Cap Rate 7%
$395,686
Cap Rate 9%
$307,756
Alternative Uses
Best Use
Apartment 5plus
$395.7K
$346.2K – $461.6K
NOI $27,698 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$857.5K
$750.3K – $1.00M
NOI $60,022 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 two-bedroom, two-bath residence combines a flexible interior with multiple private outdoor spaces.
Where is this residential income property located?
The property is located at 520 N STREET SW Unit S-430 & S-429 Washington, DC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence formed by combining two homes; Terrace plus three balconies; living and dining areas connect directly to outdoor spaces; Renovated in 2023 and refreshed in 2026
