Residential Income Property with Rooftop
For Sale
$489,000
5233 CONNECTICUT AVENUE NW Unit 301, Washington, DC 20015
Two-level one-bedroom condominium with private outdoor space, flexible loft, designated parking, and lower-level storage.
Property Size920 SF
Price / SF$531.52
Days on Market59
Property Features for 5233 CONNECTICUT AVENUE NW Unit 301
General Information
Standard status
Active
Size
920 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,860
Building Details
Building Size
920 SF
Year Built
1924
Listing Agency:
EXP Realty, LLC
Listed By:
Jonathan S Lahey · License #SP98369515
(301) 281-6981
Source:
Kerishull
Added: Aug 21
Changed: Oct 17
Last Checked: Oct 16 at 2:53PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This two-level, one-bedroom condominium offers 920 square feet of living space within a 1924 building. The main level combines an open living and dining arrangement with a granite-and-stainless kitchen, built-in work area, powder room, in-unit laundry, cherry hardwood flooring, recessed lighting, and ceiling fans. The upper level includes the primary suite, walk-in closet with built-ins, and a full bathroom with LED-lit mirrors. A loft overlooks the living area and provides additional flexible space, while a private rooftop balcony extends the usable living area outdoors. Surround-sound speakers and a conveying television are also included.
The property includes one designated parking space, a private lower-level storage unit, and access to ample street parking for guests. It is located in Washington, DC, with access to the Friendship Heights and Tenleytown-AU Metro stations, nearby grocery options, restaurants, retail destinations, parks, and neighborhood amenities.
The property includes one designated parking space, a private lower-level storage unit, and access to ample street parking for guests. It is located in Washington, DC, with access to the Friendship Heights and Tenleytown-AU Metro stations, nearby grocery options, restaurants, retail destinations, parks, and neighborhood amenities.
Key Highlights
- Two‑level, one‑bedroom condominium with 920 SF of living space
- Private rooftop balcony plus an open loft overlooking the main living area
- Granite countertops, stainless steel appliances, and mini wine refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,286
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,720
$305.7K
Cap Rate 7%
$218,371
$218.4K
Cap Rate 9%
$169,844
$169.8K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$29.3K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$27.8K $30.21/SF
− OpEx
−$12.5K −$13.59/SF
NOI
$15.3K $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%
$305,720
Cap Rate 7%
$218,371
Cap Rate 9%
$169,844
Alternative Uses
Best Use
Apartment 5plus
$218.4K
$191.1K – $254.8K
NOI $15,286 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.2K
$414.1K – $552.1K
NOI $33,125 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 20015, DC
16,628
Population
6,727
Households
2.5
Avg Household Size
45
Median Age
86%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
4,751
Density / Sq Mi
$250,001
Median Household Income
$152,430
Median Earnings
$2,088
Median Rent
$1,208,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level one-bedroom condominium with private outdoor space, flexible loft, designated parking, and lower-level storage.
Where is this residential income property located?
The property is located at 5233 CONNECTICUT AVENUE NW Unit 301 Washington, DC.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two‑level, one‑bedroom condominium with 920 SF of living space; Private rooftop balcony plus an open loft overlooking the main living area; Granite countertops, stainless steel appliances, and mini wine refrigerator
