Two-Bedroom Residential Income
For Sale
$520,000
601 PENNSYLVANIA AVENUE NW Unit 504, Washington, DC 20004
The residence includes two bedrooms, two baths, rooftop access, and an on-site gymnasium.
Property Size975 SF
Price / SF$533.33
Days on Market32
Property Features for 601 PENNSYLVANIA AVENUE NW Unit 504
General Information
Standard status
Active
Size
975 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,233,415
Amenities
rooftop
on-site gymnasium
Building Details
Building Size
975 SF
Year Built
1984
Listing Agency:
Keller Williams Capital Properties
Listed By:
Kyle Nichols · License #SP200202026
(773) 540-6294
Source:
Jackrealtygroup
Added: Sep 28
Changed: Oct 26
Last Checked: Oct 26 at 10:33AM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This 975-square-foot residence has two bedrooms and two bathrooms, with views over Pennsylvania Avenue. The building, completed in 1984, offers a rooftop and an on-site gymnasium. Optional parking is available for rent.
At 601 Pennsylvania Avenue NW, the property is near the U.S. Capitol, the National Mall, Penn Quarter, Smithsonian museums, and downtown dining, shopping, and entertainment. The Green and Yellow Metro lines and major commuter routes are also accessible. The stated Walk Score is 97.
At 601 Pennsylvania Avenue NW, the property is near the U.S. Capitol, the National Mall, Penn Quarter, Smithsonian museums, and downtown dining, shopping, and entertainment. The Green and Yellow Metro lines and major commuter routes are also accessible. The stated Walk Score is 97.
Key Highlights
- 975‑square‑foot residence with 2 bedrooms and 2 bathrooms
- Completed in 1984
- Rooftop and on‑site gymnasium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,200
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,000
$324.0K
Cap Rate 7%
$231,429
$231.4K
Cap Rate 9%
$180,000
$180.0K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$31.0K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$29.5K $30.21/SF
− OpEx
−$13.3K −$13.59/SF
NOI
$16.2K $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%
$324,000
Cap Rate 7%
$231,429
Cap Rate 9%
$180,000
Alternative Uses
Best Use
Apartment 5plus
$231.4K
$202.5K – $270.0K
NOI $16,200 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$501.5K
$438.8K – $585.1K
NOI $35,106 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
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 - The residence includes two bedrooms, two baths, rooftop access, and an on-site gymnasium.
Where is this residential income property located?
The property is located at 601 PENNSYLVANIA AVENUE NW Unit 504 Washington, DC.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 975‑square‑foot residence with 2 bedrooms and 2 bathrooms; Completed in 1984; Rooftop and on‑site gymnasium
