Remodeled Studio Residential
For Sale
$214,900
522 21ST STREET NW Unit 502, Washington, DC 20006
Updated kitchen and bath complement an open living area with a full wall of windows.
Property Size402 SF
Days on Market8
Property Features for 522 21ST STREET NW Unit 502
General Information
Standard status
Active
Size
402 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$729
Amenities
rooftop deck
community laundry facilities
Building Details
Building Size
402 SF
Year Built
1989
Listing Agency:
Whooway Properties, Inc.
Listed By:
Yan-Zhen Wei Hanson · License #BR200201048
(703) 598-1771
Source:
Kwcapitalproperties
Added: Oct 1
Changed: Oct 8
Last Checked: Oct 7 at 3:37PM
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 Whooway Properties, Inc.
Investment Insights
Based on property information with market context.
This studio condominium features an open living area with a large window wall that brings in natural light. Recent updates include LVP flooring, fresh paint, kitchen cabinetry and appliances, plus a renovated bathroom with tile flooring and a tiled shower. The kitchen has natural gas cooking. The building dates to 1989 and offers a rooftop deck and shared laundry facilities. Electricity, gas, water, hot water, HVAC and trash pickup are included in the condo fee.
The property is in Washington, DC, near Metro stations, George Washington University, GW Hospital, Whole Foods, the World Bank, IMF, the State Department and the Kennedy Center. I-66 and I-395 are also a short drive away. Nearby restaurants and shops provide additional neighborhood destinations.
The property is in Washington, DC, near Metro stations, George Washington University, GW Hospital, Whole Foods, the World Bank, IMF, the State Department and the Kennedy Center. I-66 and I-395 are also a short drive away. Nearby restaurants and shops provide additional neighborhood destinations.
Key Highlights
- Studio condominium with updated kitchen and bathroom
- Window wall and open living area
- Condo fee covers electricity, gas, water, hot water, HVAC and trash pickup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,679
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,580
$133.6K
Cap Rate 7%
$95,414
$95.4K
Cap Rate 9%
$74,211
$74.2K
Market Conditions
NOI Build-Up for 402 SF
Gross rent
$12.8K $31.80/SF
− Vacancy
−$639 −$1.59/SF
EGI
$12.1K $30.21/SF
− OpEx
−$5.5K −$13.59/SF
NOI
$6.7K $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%
$133,580
Cap Rate 7%
$95,414
Cap Rate 9%
$74,211
Alternative Uses
Best Use
Apartment 5plus
$95.4K
$83.5K – $111.3K
NOI $6,679 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$206.8K
$180.9K – $241.2K
NOI $14,474 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
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 - Updated kitchen and bath complement an open living area with a full wall of windows.
Where is this residential income property located?
The property is located at 522 21ST STREET NW Unit 502 Washington, DC.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Studio condominium with updated kitchen and bathroom; Window wall and open living area; Condo fee covers electricity, gas, water, hot water, HVAC and trash pickup
