One-Bedroom Residential Income
For Sale
$185,000
5885 COLORADO AVENUE NW Unit 203, Washington, DC 20011
The 593-square-foot residence has hardwood floors, a bedroom with closet storage, and a kitchen with ample cabinetry.
Property Size593 SF
Price / SF$311.97
Days on Market111
Property Features for 5885 COLORADO AVENUE NW Unit 203
General Information
Standard status
Active
Size
593 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,192
Building Details
Building Size
593 SF
Year Built
2006
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 10
Changed: Oct 26
Last Checked: Oct 26 at 2:39PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This one-bedroom residence measures 593 square feet and is in a professionally managed building constructed in 2006. The interior includes hardwood flooring, natural light, a kitchen with cabinetry and workspace, and a bedroom with closet storage.
At 5885 Colorado Avenue NW in Washington, DC, the property is near Rock Creek Park trails, neighborhood dining, grocery stores, coffee shops, and public transportation. Downtown Silver Spring is also nearby.
At 5885 Colorado Avenue NW in Washington, DC, the property is near Rock Creek Park trails, neighborhood dining, grocery stores, coffee shops, and public transportation. Downtown Silver Spring is also nearby.
Key Highlights
- 593‑square‑foot residence with one bedroom
- Professionally managed building constructed in 2006
- Hardwood flooring and naturally bright interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,438
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,760
$188.8K
Cap Rate 7%
$134,829
$134.8K
Cap Rate 9%
$104,867
$104.9K
Market Conditions
NOI Build-Up for 593 SF
Gross rent
$18.2K $30.72/SF
− Vacancy
−$1.1K −$1.78/SF
EGI
$17.2K $28.94/SF
− OpEx
−$7.7K −$13.02/SF
NOI
$9.4K $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%
$188,760
Cap Rate 7%
$134,829
Cap Rate 9%
$104,867
Alternative Uses
Best Use
Apartment 5plus
$134.8K
$118.0K – $157.3K
NOI $9,438 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.2K
$267.9K – $357.2K
NOI $21,432 @ 7.0% cap · market cap 11.58%
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
1,513
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 593-square-foot residence has hardwood floors, a bedroom with closet storage, and a kitchen with ample cabinetry.
Where is this residential income property located?
The property is located at 5885 COLORADO AVENUE NW Unit 203 Washington, DC.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 593‑square‑foot residence with one bedroom; Professionally managed building constructed in 2006; Hardwood flooring and naturally bright interior
