Residential Income Property with Roof
For Sale
$476,000
601 PENNSYLVANIA AVENUE NW Unit 1103N, Washington, DC 20004
A full-service building pairs a separate guest powder room with a private bedroom suite.
Property Size861 SF
Price / SF$552.85
Days on Market22
Property Features for 601 PENNSYLVANIA AVENUE NW Unit 1103N
General Information
Standard status
Active
Size
861 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,337
Amenities
private driveway
24-hour front desk
fitness center
sauna
bicycle storage
private storage
on-site garage parking
pet-friendly
roof deck
Building Details
Building Size
861 SF
Year Built
1991
Listing Agency:
Corcoran McEnearney
Listed By:
Nicole Lang · License #BF6A5BA875
(202) 905-8828
Source:
Kartaproperties
Added: Oct 8
Changed: Oct 26
Last Checked: Oct 26 at 2:40PM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
At 601 Pennsylvania Avenue NW, residence 1103N offers 861 square feet on the 11th floor of a building completed in 1991. The one-bedroom layout includes a living and dining area, a powder room for visitors, and a bedroom suite with a full bath. Original finishes are described as well kept. Building features include a 24-hour front desk, fitness center, sauna, roof deck, bicycle storage, and additional private storage. Pets are welcome, and garage parking may be rented by owners.
The property is near the National Gallery of Art, Smithsonian museums, and National Mall. Archives-Navy Memorial-Penn Quarter Metro is 0.2 mi away, and Safeway is 0.8 mi away. The roof deck offers views of the Capitol dome and Washington Monument. The building permits investor ownership, according to the property information.
The property is near the National Gallery of Art, Smithsonian museums, and National Mall. Archives-Navy Memorial-Penn Quarter Metro is 0.2 mi away, and Safeway is 0.8 mi away. The roof deck offers views of the Capitol dome and Washington Monument. The building permits investor ownership, according to the property information.
Key Highlights
- 861‑square‑foot, one‑bedroom residence on the 11th floor
- Separate guest powder room and bedroom suite with full bath
- 24‑hour front desk, fitness center, sauna, and roof deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,306
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,120
$286.1K
Cap Rate 7%
$204,371
$204.4K
Cap Rate 9%
$158,956
$159.0K
Market Conditions
NOI Build-Up for 861 SF
Gross rent
$27.4K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.0K $30.21/SF
− OpEx
−$11.7K −$13.59/SF
NOI
$14.3K $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%
$286,120
Cap Rate 7%
$204,371
Cap Rate 9%
$158,956
Alternative Uses
Best Use
Apartment 5plus
$204.4K
$178.8K – $238.4K
NOI $14,306 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$442.9K
$387.5K – $516.7K
NOI $31,001 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,373
Businesses Nearby
Explore this area
Business Placement
Demographics for 20004, DC
1,682
Population
1,593
Households
1.1
Avg Household Size
40
Median Age
95%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
8,410
Density / Sq Mi
$161,359
Median Household Income
$133,857
Median Earnings
$2,945
Median Rent
$650,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A full-service building pairs a separate guest powder room with a private bedroom suite.
Where is this residential income property located?
The property is located at 601 PENNSYLVANIA AVENUE NW Unit 1103N Washington, DC.
What is the asking price?
The asking price for this property is $476,000.
What are key features of this property?
This property features: 861‑square‑foot, one‑bedroom residence on the 11th floor; Separate guest powder room and bedroom suite with full bath; 24‑hour front desk, fitness center, sauna, and roof deck
