Residential Income Property with Bay
For Sale
$234,950
522 21ST STREET NW Unit 709, Washington, DC 20006
A condominium studio offers a distinct dining area, parquet floors, and updated kitchen and bath finishes.
Property Size474 SF
Days on Market87
Property Features for 522 21ST STREET NW Unit 709
General Information
Standard status
Active
Size
474 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,409
Building Details
Building Size
474 SF
Year Built
1965
Listing Agency:
Sell DC Real Estate
Listed By:
Susan McConkey · License #BR98376252
(410) 340-7768
Source:
Kwcapitalproperties
Added: Jul 25
Changed: Oct 14
Last Checked: Oct 16 at 4:52PM
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 Sell DC Real Estate
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Investment Insights
Based on property information with market context.
This seventh-floor studio condominium features parquet hardwood flooring and a bay-window extension that adds usable room to the main living and sleeping area. A separate dining space gives the layout an additional defined area. The updated kitchen includes honey oak cabinetry, stainless steel appliances, a gas stove, built-in microwave, dishwasher, and an extended countertop; the bathroom has also been updated.
The Monroe House Condominium is across the street from the U.S. State Department and near the center of George Washington University. The building dates to 1965.
The Monroe House Condominium is across the street from the U.S. State Department and near the center of George Washington University. The building dates to 1965.
Key Highlights
- Seventh‑floor studio in the Monroe House Condominium
- Bay‑window bumpout expands the living and sleeping area
- Separate dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,876
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$157,520
$157.5K
Cap Rate 7%
$112,514
$112.5K
Cap Rate 9%
$87,511
$87.5K
Market Conditions
NOI Build-Up for 474 SF
Gross rent
$15.1K $31.80/SF
− Vacancy
−$754 −$1.59/SF
EGI
$14.3K $30.21/SF
− OpEx
−$6.4K −$13.59/SF
NOI
$7.9K $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%
$157,520
Cap Rate 7%
$112,514
Cap Rate 9%
$87,511
Alternative Uses
Best Use
Apartment 5plus
$112.5K
$98.5K – $131.3K
NOI $7,876 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.8K
$213.3K – $284.5K
NOI $17,067 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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 - A condominium studio offers a distinct dining area, parquet floors, and updated kitchen and bath finishes.
Where is this residential income property located?
The property is located at 522 21ST STREET NW Unit 709 Washington, DC.
What is the asking price?
The asking price for this property is $234,950.
What are key features of this property?
This property features: Seventh‑floor studio in the Monroe House Condominium; Bay‑window bumpout expands the living and sleeping area; Separate dining area
