Residential Income
For Sale
$230,000
5406 CONNECTICUT AVENUE NW Unit 401, Washington, DC 20015
Separate living and dining areas complement a galley kitchen and three closets in this one-bedroom residence.
Property Size730 SF
Price / SF$315.07
Days on Market179
Property Features for 5406 CONNECTICUT AVENUE NW Unit 401
General Information
Standard status
Active
Size
730 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,910
Amenities
fitness center
gym
Building Details
Building Size
730 SF
Year Built
1963
Listing Agency:
Perennial Real Estate
Listed By:
Marci Wasserman · License #SP98377021
(301) 807-7246
Source:
Jackrealtygroup
Added: May 5
Changed: Oct 27
Last Checked: Oct 26 at 2:27PM
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 Perennial Real Estate
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Investment Insights
Based on property information with market context.
This 730-square-foot condominium residence has one bedroom and one bathroom, with distinct living and dining areas. Parquet hardwood flooring runs throughout. The galley kitchen includes granite counters, white cabinetry, a gas range, and an over-the-range microwave. Three closets—one in the bedroom and two in the foyer—provide storage. The building, constructed in 1963, has a fitness area with updated equipment. The condominium fee covers electricity, gas, heat, water, sewer, trash removal, snow removal, and building maintenance.
The property is on Connecticut Avenue NW in Washington, DC. Friendship Heights Metro on the Red Line is less than a mile away, and Rock Creek Park trails are minutes away. Shops, cafés, and restaurants are located along Connecticut Avenue.
The property is on Connecticut Avenue NW in Washington, DC. Friendship Heights Metro on the Red Line is less than a mile away, and Rock Creek Park trails are minutes away. Shops, cafés, and restaurants are located along Connecticut Avenue.
Key Highlights
- 730‑square‑foot residence with one bedroom and one bathroom
- Parquet hardwood flooring throughout
- Galley kitchen with granite counters, white cabinetry, gas range, and over‑the‑range microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,129
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,580
$242.6K
Cap Rate 7%
$173,271
$173.3K
Cap Rate 9%
$134,767
$134.8K
Market Conditions
NOI Build-Up for 730 SF
Gross rent
$23.2K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$22.1K $30.21/SF
− OpEx
−$9.9K −$13.59/SF
NOI
$12.1K $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%
$242,580
Cap Rate 7%
$173,271
Cap Rate 9%
$134,767
Alternative Uses
Best Use
Apartment 5plus
$173.3K
$151.6K – $202.2K
NOI $12,129 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.5K
$328.6K – $438.1K
NOI $26,284 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,224
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Separate living and dining areas complement a galley kitchen and three closets in this one-bedroom residence.
Where is this residential income property located?
The property is located at 5406 CONNECTICUT AVENUE NW Unit 401 Washington, DC.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 730‑square‑foot residence with one bedroom and one bathroom; Parquet hardwood flooring throughout; Galley kitchen with granite counters, white cabinetry, gas range, and over‑the‑range microwave
