Combined-Unit Residential
For Sale
$1,099,000
601 PENNSYLVANIA AVENUE NW Unit 711, Washington, DC 20004
Two joined units create a condominium residence with a separate dining room and a catering kitchen with its own entrance.
Property Size1,963 SF
Price / SF$559.86
Days on Market43
Property Features for 601 PENNSYLVANIA AVENUE NW Unit 711
General Information
Standard status
Active
Size
1,963 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,579
Amenities
roof deck
gym
24/7 front desk
pet friendly
Building Details
Building Size
1,963 SF
Year Built
1991
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Judith A Seiden · License #BR96763
(202) 546-3736
Source:
Canopy-re
Added: Sep 17
Changed: Oct 27
Last Checked: Oct 26 at 12:08PM
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 Berkshire Hathaway HomeServices PenFed Realty
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Investment Insights
Based on property information with market context.
At 601 Pennsylvania Avenue NW, this 1,963-square-foot condominium combines two units into one residence. The layout includes a large living room, a separate dining room, and a catering kitchen with a discreet entrance. The primary suite has an ensuite bath, walk-in closet, and dressing area.
The Pennsylvania is a full-service condominium community with a rooftop deck offering views of the U.S. Capitol and monuments, a gym, and a 24/7 front desk. Garage rental parking is guaranteed, and the community welcomes pets weighing up to 40 pounds.
The Pennsylvania is a full-service condominium community with a rooftop deck offering views of the U.S. Capitol and monuments, a gym, and a 24/7 front desk. Garage rental parking is guaranteed, and the community welcomes pets weighing up to 40 pounds.
Key Highlights
- Two combined units totaling 1,963 square feet
- Separate dining room and catering kitchen with its own entrance
- Primary suite includes an ensuite bath, walk‑in closet, and dressing area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,616
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,320
$652.3K
Cap Rate 7%
$465,943
$465.9K
Cap Rate 9%
$362,400
$362.4K
Market Conditions
NOI Build-Up for 1,963 SF
Gross rent
$62.4K $31.80/SF
− Vacancy
−$3.1K −$1.59/SF
EGI
$59.3K $30.21/SF
− OpEx
−$26.7K −$13.59/SF
NOI
$32.6K $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%
$652,320
Cap Rate 7%
$465,943
Cap Rate 9%
$362,400
Alternative Uses
Best Use
Apartment 5plus
$465.9K
$407.7K – $543.6K
NOI $32,616 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$883.5K – $1.18M
NOI $70,679 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,373
Businesses Nearby
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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 - Two joined units create a condominium residence with a separate dining room and a catering kitchen with its own entrance.
Where is this residential income property located?
The property is located at 601 PENNSYLVANIA AVENUE NW Unit 711 Washington, DC.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two combined units totaling 1,963 square feet; Separate dining room and catering kitchen with its own entrance; Primary suite includes an ensuite bath, walk‑in closet, and dressing area
