Residential Income Property with
For Sale
$374,900
5507 7TH STREET NW Unit 2, Washington, DC 20011
The 2023 condominium residence has two bedrooms, en-suite baths, and a private balcony off the primary suite.
Property Size850 SF
Price / SF$441.06
Days on Market44
Property Features for 5507 7TH STREET NW Unit 2
General Information
Standard status
Active
Size
850 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Brightwood Park
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,057
Amenities
in-unit laundry
private balcony
secure ButterflyMX building access
energy-efficient windows
smart-home conveniences
Building Details
Building Size
850 SF
Year Built
2023
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: Sep 16
Changed: Oct 27
Last Checked: Oct 26 at 3:20PM
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 Compass
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Investment Insights
Based on property information with market context.
This 2023 condominium residence is configured with two bedrooms and two-and-a-half bathrooms. The primary bedroom opens to a private balcony and includes a walk-in closet and en-suite bath; the second bedroom also has its own bathroom. An open-plan kitchen and living area, powder room, in-unit laundry, and storage closets complete the layout. Interior features include 10-foot ceilings, wide-plank flooring, recessed lighting, quartz counters, stainless steel appliances, and oversized energy-efficient windows. Building entry uses ButterflyMX access, and the property has FHA and VA approval.
The residence is at 5507 7th Street NW in Washington, DC. Nearby neighborhood businesses named in the listing include ANXO, Le Coop Coffee, and Everyday Sundae; parks, shopping, and public transportation are also described as close by.
The residence is at 5507 7th Street NW in Washington, DC. Nearby neighborhood businesses named in the listing include ANXO, Le Coop Coffee, and Everyday Sundae; parks, shopping, and public transportation are also described as close by.
Key Highlights
- Two‑bedroom, 2.5‑bath condominium residence
- Built in 2023
- 10‑foot ceilings and oversized energy‑efficient windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,529
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,580
$270.6K
Cap Rate 7%
$193,271
$193.3K
Cap Rate 9%
$150,322
$150.3K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$26.1K $30.72/SF
− Vacancy
−$1.5K −$1.78/SF
EGI
$24.6K $28.94/SF
− OpEx
−$11.1K −$13.02/SF
NOI
$13.5K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,580
Cap Rate 7%
$193,271
Cap Rate 9%
$150,322
Alternative Uses
Best Use
Apartment 5plus
$193.3K
$169.1K – $225.5K
NOI $13,529 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.9K
$384.0K – $512.0K
NOI $30,720 @ 7.0% cap · market cap 8.19%
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
1,635
Businesses Nearby
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Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2023 condominium residence has two bedrooms, en-suite baths, and a private balcony off the primary suite.
Where is this residential income property located?
The property is located at 5507 7TH STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two‑bedroom, 2.5‑bath condominium residence; Built in 2023; 10‑foot ceilings and oversized energy‑efficient windows
