Residential Income Property with City
For Sale
$1,350,000
675 E STREET NW Unit 900, Washington, DC 20004
Ninth-floor corner residence offers flexible living areas, extensive windows, and upgraded kitchen finishes in a secure elevator building.
Property Size2,740 SF
Days on Market153
Property Features for 675 E STREET NW Unit 900
General Information
Standard status
Active
Size
2,740 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
East End
Taxes and HOA fees
Annual Taxes
$11,411
Building Details
Building Size
2,740 SF
Year Built
2003
Listing Agency:
Compass
Listed By:
Steven C Wydler · License #PB98376907
(703) 348-6326
Source:
Kwcapitalproperties
Added: Jun 1
Changed: Oct 25
Last Checked: Oct 30 at 8:19PM
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 Compass
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Investment Insights
Based on property information with market context.
This ninth-floor corner residence provides 2,500 square feet on one level, with two bedrooms plus a den, two full bathrooms, and two half bathrooms. The open layout connects the living and dining areas across the unit, while hardwood flooring, high ceilings, and windows facing east, west, and south define the interior. The kitchen includes quartz countertops, stainless steel appliances, a butler’s pantry, and a walk-in pantry. Two-zone heating and cooling, abundant closets, and an additional building storage unit add practical utility.
The property is located at 675 E Street NW in Washington, DC’s Penn Quarter. The secure 29-unit building was completed in 2003 and includes an elevator, exercise room, concierge, building security, and common storage. Parking is available in the building through monthly rental. Multiple Metro stops, Capital One Arena, Chinatown, the National Mall, CityCenter shopping, museums, theaters, and restaurants are within the surrounding area.
The property is located at 675 E Street NW in Washington, DC’s Penn Quarter. The secure 29-unit building was completed in 2003 and includes an elevator, exercise room, concierge, building security, and common storage. Parking is available in the building through monthly rental. Multiple Metro stops, Capital One Arena, Chinatown, the National Mall, CityCenter shopping, museums, theaters, and restaurants are within the surrounding area.
Key Highlights
- 2,500 SF ninth‑floor corner residence with east-, west-, and south‑facing city views
- Two bedrooms plus den, with 2 full and 2 half bathrooms
- Open living and dining plan with hardwood floors and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,526
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,520
$910.5K
Cap Rate 7%
$650,371
$650.4K
Cap Rate 9%
$505,844
$505.8K
Market Conditions
NOI Build-Up for 2,740 SF
Gross rent
$87.1K $31.80/SF
− Vacancy
−$4.4K −$1.59/SF
EGI
$82.8K $30.21/SF
− OpEx
−$37.2K −$13.59/SF
NOI
$45.5K $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%
$910,520
Cap Rate 7%
$650,371
Cap Rate 9%
$505,844
Alternative Uses
Best Use
Apartment 5plus
$650.4K
$569.1K – $758.8K
NOI $45,526 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,656 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Residential income property - Ninth-floor corner residence offers flexible living areas, extensive windows, and upgraded kitchen finishes in a secure elevator building.
Where is this residential income property located?
The property is located at 675 E STREET NW Unit 900 Washington, DC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2,500 SF ninth‑floor corner residence with east-, west-, and south‑facing city views; Two bedrooms plus den, with 2 full and 2 half bathrooms; Open living and dining plan with hardwood floors and high ceilings
