One-Bedroom
For Sale
$249,900
640 BUCHANAN STREET NW Unit 105, Washington, DC 20011
Residents have access to basement laundry and storage, indoor bicycle storage, community gardens, a grill, and a fire pit.
Property Size709 SF
Price / SF$352.47
Days on Market89
Property Features for 640 BUCHANAN STREET NW Unit 105
General Information
Standard status
Active
Size
709 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$480
Amenities
free laundry
assigned basement storage unit
secure indoor bicycle storage
community gardens
grill & fire pit
Building Details
Building Size
709 SF
Year Built
1925
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 3
Changed: Oct 27
Last Checked: Oct 26 at 2:56PM
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 709-square-foot condominium has one bedroom and one bathroom. The building dates to 1925 and provides shared laundry facilities in the basement, an assigned storage unit, indoor bicycle storage, community gardens, a grill, and a fire pit. The unit is described as pet-friendly.
Sherman Circle Park is nearby, and Petworth Metro station is approximately one mile away. The property is located in Washington, DC.
Sherman Circle Park is nearby, and Petworth Metro station is approximately one mile away. The property is located in Washington, DC.
Key Highlights
- 709‑square‑foot condominium with one bedroom and one bathroom
- Built in 1925
- Assigned basement storage measuring 6Wx5D
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,284
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,680
$225.7K
Cap Rate 7%
$161,200
$161.2K
Cap Rate 9%
$125,378
$125.4K
Market Conditions
NOI Build-Up for 709 SF
Gross rent
$21.8K $30.72/SF
− Vacancy
−$1.3K −$1.78/SF
EGI
$20.5K $28.94/SF
− OpEx
−$9.2K −$13.02/SF
NOI
$11.3K $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%
$225,680
Cap Rate 7%
$161,200
Cap Rate 9%
$125,378
Alternative Uses
Best Use
Apartment 5plus
$161.2K
$141.1K – $188.1K
NOI $11,284 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.1K
$320.3K – $427.1K
NOI $25,624 @ 7.0% cap · market cap 10.25%
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
1,586
Businesses Nearby
Explore this area
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 - Residents have access to basement laundry and storage, indoor bicycle storage, community gardens, a grill, and a fire pit.
Where is this residential income property located?
The property is located at 640 BUCHANAN STREET NW Unit 105 Washington, DC.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 709‑square‑foot condominium with one bedroom and one bathroom; Built in 1925; Assigned basement storage measuring 6Wx5D
