1-Bedroom Residential Income
For Sale
$249,000
522 21ST STREET NW Unit 501, Washington, DC 20006
Condo residence with deeded garage parking, renovation potential, rooftop deck access, and rental eligibility from day one.
Property Size685 SF
Price / SF$363.50
Days on Market70
Property Features for 522 21ST STREET NW Unit 501
General Information
Standard status
Active
Size
685 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,657
Amenities
rooftop deck
on-site laundry facilities
secure building access
Building Details
Building Size
685 SF
Year Built
1989
Listing Agency:
Washington Fine Properties, LLC
Listed By:
Kira Epstein Begal · License #SP98359788
(240) 899-8577
Source:
Kwcapitalproperties
Added: Jul 29
Changed: Oct 5
Last Checked: Oct 5 at 9:28PM
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 Washington Fine Properties, LLC
Investment Insights
Based on property information with market context.
This approximately 685-square-foot, 1-bedroom, 1-bath condominium at Monroe House offers a renovation project with a practical residential layout. The interior includes separate living and dining areas, a full bathroom, a bedroom, and a kitchen suitable for redesign. A deeded garage parking space is included, while the professionally managed building provides secure access, on-site laundry, and a rooftop deck with city views. The all-inclusive condo fee covers utilities.
The property is located in Foggy Bottom, within blocks of the Foggy Bottom Metro, George Washington University, GW Hospital, the Kennedy Center, the State Department, Whole Foods, and West End dining. Georgetown, the Potomac waterfront, downtown DC, and major commuter routes are also accessible from the area. Rentals are permitted from day one, supporting either personal occupancy or an investment strategy.
The property is located in Foggy Bottom, within blocks of the Foggy Bottom Metro, George Washington University, GW Hospital, the Kennedy Center, the State Department, Whole Foods, and West End dining. Georgetown, the Potomac waterfront, downtown DC, and major commuter routes are also accessible from the area. Rentals are permitted from day one, supporting either personal occupancy or an investment strategy.
Key Highlights
- Approximately 685 SF with 1 bedroom and 1 bath
- Deeded garage parking space included
- Interior kitchen and residence offer renovation potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,382
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,640
$227.6K
Cap Rate 7%
$162,600
$162.6K
Cap Rate 9%
$126,467
$126.5K
Market Conditions
NOI Build-Up for 685 SF
Gross rent
$21.8K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.7K $30.21/SF
− OpEx
−$9.3K −$13.59/SF
NOI
$11.4K $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%
$227,640
Cap Rate 7%
$162,600
Cap Rate 9%
$126,467
Alternative Uses
Best Use
Apartment 5plus
$162.6K
$142.3K – $189.7K
NOI $11,382 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.3K
$308.3K – $411.1K
NOI $24,664 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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 - Condo residence with deeded garage parking, renovation potential, rooftop deck access, and rental eligibility from day one.
Where is this residential income property located?
The property is located at 522 21ST STREET NW Unit 501 Washington, DC.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Approximately 685 SF with 1 bedroom and 1 bath; Deeded garage parking space included; Interior kitchen and residence offer renovation potential
