One-Bedroom Residential Income
For Sale
$439,000
616 E STREET NW Unit 721, Washington, DC 20004
The 804-square-foot home features a balcony, in-unit laundry, and access to extensive building amenities.
Property Size804 SF
Price / SF$546.02
Days on Market14
Property Features for 616 E STREET NW Unit 721
General Information
Standard status
Active
Size
804 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,707
Amenities
hardwood floors
balcony
granite countertops
stainless steel appliances
washer/dryer
bidet
24-hour concierge
rooftop pool
grills
rooftop kitchen and dining area
fitness center
movie theater
conference room/business center
courtyard
Building Details
Building Size
804 SF
Year Built
2004
Listing Agency:
RE/MAX Realty Services
Listed By:
John Williams · License #SP98366081
(240) 507-5000
Source:
Kwcapitalproperties
Added: Sep 23
Changed: Oct 3
Last Checked: Oct 5 at 10:53PM
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 RE/MAX Realty Services
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath residence in The Clara Barton offers 804 square feet, hardwood flooring, and an open living and dining area. The balcony is accessible from both the living room and bedroom. The kitchen includes granite counters, stainless steel appliances, a Bosch dishwasher, and a microwave vented outside. A walk-in closet, coat closet, granite-finished bath with bidet, and stacked washer and dryer round out the interior. The home has a newer water heater and HVAC; the building dates to 2004 and contains 255 units.
Building amenities include a 24-hour concierge, rooftop pool with grills, rooftop kitchen and dining space, fitness center, movie theater, conference room, business center, and landscaped courtyard. Common areas were renovated in 2024, rooftop improvements were completed in 2022, and resident hallways were redesigned in 2020. Underground garage parking is available for rent. Gallery Place, Archives, and Judiciary Square Metro stations are within walking distance, with Union Station and Reagan National Airport reachable by a short ride.
Building amenities include a 24-hour concierge, rooftop pool with grills, rooftop kitchen and dining space, fitness center, movie theater, conference room, business center, and landscaped courtyard. Common areas were renovated in 2024, rooftop improvements were completed in 2022, and resident hallways were redesigned in 2020. Underground garage parking is available for rent. Gallery Place, Archives, and Judiciary Square Metro stations are within walking distance, with Union Station and Reagan National Airport reachable by a short ride.
Key Highlights
- 804‑square‑foot, one‑bedroom, one‑bath residence with a balcony accessible from two rooms
- Kitchen includes granite counters, stainless steel appliances, Bosch dishwasher, and an exterior‑vented microwave
- In‑unit stacked washer and dryer; walk‑in closet and separate coat closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,359
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,180
$267.2K
Cap Rate 7%
$190,843
$190.8K
Cap Rate 9%
$148,433
$148.4K
Market Conditions
NOI Build-Up for 804 SF
Gross rent
$25.6K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$24.3K $30.21/SF
− OpEx
−$10.9K −$13.59/SF
NOI
$13.4K $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%
$267,180
Cap Rate 7%
$190,843
Cap Rate 9%
$148,433
Alternative Uses
Best Use
Apartment 5plus
$190.8K
$167.0K – $222.7K
NOI $13,359 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.6K
$361.9K – $482.5K
NOI $28,949 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
10,953
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The 804-square-foot home features a balcony, in-unit laundry, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 616 E STREET NW Unit 721 Washington, DC.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 804‑square‑foot, one‑bedroom, one‑bath residence with a balcony accessible from two rooms; Kitchen includes granite counters, stainless steel appliances, Bosch dishwasher, and an exterior‑vented microwave; In‑unit stacked washer and dryer; walk‑in closet and separate coat closet
