Studio Residential
For Sale
$224,950
522 21ST STREET NW Unit 709, Washington, DC 20006
A bay-window alcove creates additional room for sleeping or living, with a separate dining area.
Property Size474 SF
Price / SF$474.58
Days on Market15
Property Features for 522 21ST STREET NW Unit 709
General Information
Standard status
Active
Size
474 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Rosedale
Additional Details
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:
Mxwrealestate
Added: Oct 16
Changed: Oct 30
Last Checked: Oct 30 at 1:50AM
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 7th-floor studio condominium at Monroe House has a bay-window bumpout that expands the sleeping and living area, plus a distinct dining space. Parquet hardwood floors complement an updated kitchen and bath. The kitchen includes honey oak cabinetry, stainless steel appliances, a gas stove, built-in microwave, dishwasher, and an extended countertop. The building was constructed in 1965.
The condominium is across the street from the US State Department and near the center of GW University. It is situated on a quiet street in Washington, DC.
The condominium is across the street from the US State Department and near the center of GW University. It is situated on a quiet street in Washington, DC.
Key Highlights
- Studio condominium on the 7th floor of Monroe House
- Bay‑window bumpout adds space to the sleeping and living area
- Separate dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,876
Cap Rate
3.50%
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 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.8K
$213.3K – $284.5K
NOI $17,067 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
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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 bay-window alcove creates additional room for sleeping or living, with a separate dining area.
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 $224,950.
What are key features of this property?
This property features: Studio condominium on the 7th floor of Monroe House; Bay‑window bumpout adds space to the sleeping and living area; Separate dining area
