Studio Residential Income
For Sale
$224,950
522 21ST STREET NW Unit 709, Washington, DC 20006
A bay-window alcove adds usable space for sleeping and living, with a separate dining area.
Property Size474 SF
Days on Market11
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:
Kwcapitalproperties
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 25 at 2:15AM
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
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This seventh-floor studio condominium has parquet flooring and a floor plan with a bay-window alcove that expands the sleeping and living area. A distinct dining space is also included. The kitchen and bathroom have been updated; kitchen equipment includes a gas range, built-in microwave, dishwasher, stainless steel appliances, and honey oak cabinetry.
The building is across the street from the U.S. State Department and near George Washington University. The property is at 522 21st Street NW in Washington, DC.
The building is across the street from the U.S. State Department and near George Washington University. The property is at 522 21st Street NW in Washington, DC.
Key Highlights
- Seventh‑floor studio condominium at Monroe House
- Bay‑window alcove provides additional sleeping and living space, with a separate dining area
- Updated kitchen with stainless steel appliances, gas range, built‑in microwave, dishwasher, and honey oak cabinets
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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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 adds usable space for sleeping and 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: Seventh‑floor studio condominium at Monroe House; Bay‑window alcove provides additional sleeping and living space, with a separate dining area; Updated kitchen with stainless steel appliances, gas range, built‑in microwave, dishwasher, and honey oak cabinets
