One-Bedroom Residential
For Sale
$319,000
Pending
644 MASSACHUSETTS AVENUE NE Unit 404, Washington, DC 20002
The home pairs distinct dining and work areas with shared outdoor space, bike storage, and laundry.
Property Size583 SF
Days on Market11
Property Features for 644 MASSACHUSETTS AVENUE NE Unit 404
General Information
Standard status
Pending
Size
583 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,194
Amenities
roof deck
garden
storage cage
bike room
common laundry
Building Details
Building Size
583 SF
Year Built
1924
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Andrew D Glasow · License #sp98364388
(202) 285-3600
Source:
Kwcapitalproperties
Added: Oct 8
Changed: Oct 17
Last Checked: Oct 16 at 4:52PM
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 Coldwell Banker Realty - Washington
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Investment Insights
Based on property information with market context.
This 1-bedroom condominium offers nearly 600 square feet, with a separate dining and work-from-home area and wood flooring throughout. Five windows face the treetops and Capitol, bringing natural light into the unit. The kitchen has updated stainless steel appliances, and the bathroom has been refreshed; the home also includes new AC and a dedicated storage cage.
Residents have access to a roof deck, front garden, bike room, and common laundry. The association is pet-friendly. The property is half a block from Stanton Park, with Eastern Market, the Capitol complex, and Union Station described as minutes away. Restaurants and shops are also noted in the surrounding area.
Residents have access to a roof deck, front garden, bike room, and common laundry. The association is pet-friendly. The property is half a block from Stanton Park, with Eastern Market, the Capitol complex, and Union Station described as minutes away. Restaurants and shops are also noted in the surrounding area.
Key Highlights
- Nearly 600 square feet with a 1‑bedroom layout
- Five treetop‑facing windows with Capitol views
- Separate dining and work‑from‑home areas; wood floors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,215
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,300
$204.3K
Cap Rate 7%
$145,929
$145.9K
Cap Rate 9%
$113,500
$113.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$19.8K $33.00/SF
− Vacancy
−$1.2K −$2.05/SF
EGI
$18.6K $30.95/SF
− OpEx
−$8.4K −$13.93/SF
NOI
$10.2K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,300
Cap Rate 7%
$145,929
Cap Rate 9%
$113,500
Alternative Uses
Best Use
Apartment 5plus
$145.9K
$127.7K – $170.3K
NOI $10,215 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.8K
$271.1K – $361.4K
NOI $21,685 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,826
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The home pairs distinct dining and work areas with shared outdoor space, bike storage, and laundry.
Where is this residential income property located?
The property is located at 644 MASSACHUSETTS AVENUE NE Unit 404 Washington, DC.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Nearly 600 square feet with a 1‑bedroom layout; Five treetop‑facing windows with Capitol views; Separate dining and work‑from‑home areas; wood floors throughout
