Residential Income Property with Private
For Sale
$445,000
6914 WILLOW STREET NW Unit 1, Washington, DC 20012
The 2020 residence includes in-unit laundry, two bathrooms and gated storage, with direct access to a fenced backyard.
Property Size776 SF
Price / SF$573.45
Days on Market29
Property Features for 6914 WILLOW STREET NW Unit 1
General Information
Standard status
Active
Size
776 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,306
Amenities
laundry in unit
secure building
fenced yard
gated storage
Building Details
Building Size
776 SF
Year Built
2020
Listing Agency:
Compass
Listed By:
Nicholas W Bogardus · License #662465
(410) 914-7355
Source:
Jackrealtygroup
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 26 at 3:19PM
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 776-square-foot residential unit in Washington, DC, was built in 2020 and has an open floor plan, two large bathrooms and in-unit laundry. The interior is described as being in mint condition. Two private outdoor spaces extend the living area, and this is the only unit in the building with private access to the fenced backyard. A gated storage area provides space for bikes, and the building is secure.
Key Highlights
- 776‑square‑foot unit in a building constructed in 2020
- Two large bathrooms, open floor plan and in‑unit laundry
- Two private outdoor spaces, including a fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,894
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,880
$257.9K
Cap Rate 7%
$184,200
$184.2K
Cap Rate 9%
$143,267
$143.3K
Market Conditions
NOI Build-Up for 776 SF
Gross rent
$24.7K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.4K $30.21/SF
− OpEx
−$10.5K −$13.59/SF
NOI
$12.9K $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%
$257,880
Cap Rate 7%
$184,200
Cap Rate 9%
$143,267
Alternative Uses
Best Use
Apartment 5plus
$184.2K
$161.2K – $214.9K
NOI $12,894 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.1K
$349.3K – $465.7K
NOI $27,940 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,430
Businesses Nearby
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Business Placement
Demographics for 20012, DC
15,485
Population
7,599
Households
2
Avg Household Size
41
Median Age
59%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
7,374
Density / Sq Mi
$128,234
Median Household Income
$75,138
Median Earnings
$1,638
Median Rent
$838,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2020 residence includes in-unit laundry, two bathrooms and gated storage, with direct access to a fenced backyard.
Where is this residential income property located?
The property is located at 6914 WILLOW STREET NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 776‑square‑foot unit in a building constructed in 2020; Two large bathrooms, open floor plan and in‑unit laundry; Two private outdoor spaces, including a fenced backyard
