Studio Residential Income
For Sale
$245,000
522 21ST STREET NW Unit 211, Washington, DC 20006
A renovated kitchen and refreshed flooring update the studio’s interior.
Property Size490 SF
Days on Market15
Property Features for 522 21ST STREET NW Unit 211
General Information
Standard status
Active
Size
490 SF
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,741
Amenities
on-site laundry
rooftop deck
Building Details
Building Size
490 SF
Year Built
1989
Listing Agency:
Redfin Corp
Listed By:
Arielle N Nagia · License #SP200206190
(240) 401-2341
Source:
Kwcapitalproperties
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 7 at 6:00PM
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 Redfin Corp
Investment Insights
Based on property information with market context.
This studio residence in Monroe House has a renovated kitchen and refreshed flooring. The 1989-built condominium building is professionally managed and has secure elevator access, on-site laundry, and a rooftop deck with city views. The condo fee covers utilities other than cable, internet, and telephone.
The property is in Foggy Bottom, within reach of George Washington University and Hospital, the Foggy Bottom-GWU Metro, the Kennedy Center, Whole Foods, the State Department, the World Bank, the IMF, and K Street. Georgetown and the Potomac waterfront are also nearby.
The property is in Foggy Bottom, within reach of George Washington University and Hospital, the Foggy Bottom-GWU Metro, the Kennedy Center, Whole Foods, the State Department, the World Bank, the IMF, and K Street. Georgetown and the Potomac waterfront are also nearby.
Key Highlights
- Studio unit in Monroe House
- Renovated kitchen and refreshed flooring
- Professionally managed building with secure elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,142
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,840
$162.8K
Cap Rate 7%
$116,314
$116.3K
Cap Rate 9%
$90,467
$90.5K
Market Conditions
NOI Build-Up for 490 SF
Gross rent
$15.6K $31.80/SF
− Vacancy
−$779 −$1.59/SF
EGI
$14.8K $30.21/SF
− OpEx
−$6.7K −$13.59/SF
NOI
$8.1K $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%
$162,840
Cap Rate 7%
$116,314
Cap Rate 9%
$90,467
Alternative Uses
Best Use
Apartment 5plus
$116.3K
$101.8K – $135.7K
NOI $8,142 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.0K
$220.5K – $294.1K
NOI $17,643 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Explore this area
Business Placement
Demographics for 20006, DC
1,599
Population
904
Households
1.8
Avg Household Size
24
Median Age
85%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
3,998
Density / Sq Mi
$36,019
Median Household Income
$2,035
Median Rent
$255,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A renovated kitchen and refreshed flooring update the studio’s interior.
Where is this residential income property located?
The property is located at 522 21ST STREET NW Unit 211 Washington, DC.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Studio unit in Monroe House; Renovated kitchen and refreshed flooring; Professionally managed building with secure elevator access
