Residential Income Condo with
For Sale
$465,000
6914 WILLOW STREET NW Unit 3, Washington, DC 20012
This two-bedroom, two-bath condo features an open living area, in-unit laundry, and a private balcony.
Property Size843 SF
Price / SF$551.60
Days on Market50
Property Features for 6914 WILLOW STREET NW Unit 3
General Information
Standard status
Active
Size
843 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,035
Amenities
hardwood floors
quartz countertops
stainless steel appliances
in-unit laundry
central heating and air
electronic door access
private balcony
Building Details
Building Size
843 SF
Year Built
2020
Listing Agency:
RLAH @properties
Listed By:
Kerri Murphy · License #SP200202979
(202) 770-6714
Source:
Signaturemoverealestate
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
At Faye's Flats, this 2020-built condominium offers 843 square feet with two bedrooms and two bathrooms. The open living and dining area connects to a kitchen with quartz countertops, stainless steel appliances, a porcelain backsplash, pantry storage, and generous cabinetry. Hardwood floors, matte black fixtures, and reclaimed wood details complement the interior. The primary suite includes a private bathroom with a double vanity; the second bedroom has a closet and natural light. In-unit laundry, central heating and air, electronic door access, and a private balcony round out the unit.
The property is a few blocks from the Takoma Red Line Metro and downtown Takoma Park destinations, including Busboys and Poets, Yoga Heights, and Takoma Bev Co. The Takoma Park Farmers Market and Takoma DC Recreation and Aquatic Center are also nearby, with shops and amenities in Takoma Park, Takoma DC, and Silver Spring minutes away.
The property is a few blocks from the Takoma Red Line Metro and downtown Takoma Park destinations, including Busboys and Poets, Yoga Heights, and Takoma Bev Co. The Takoma Park Farmers Market and Takoma DC Recreation and Aquatic Center are also nearby, with shops and amenities in Takoma Park, Takoma DC, and Silver Spring minutes away.
Key Highlights
- 843‑square‑foot, 2020‑built condominium at Faye's Flats
- Two bedrooms and two bathrooms
- Private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,007
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,140
$280.1K
Cap Rate 7%
$200,100
$200.1K
Cap Rate 9%
$155,633
$155.6K
Market Conditions
NOI Build-Up for 843 SF
Gross rent
$26.8K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$25.5K $30.21/SF
− OpEx
−$11.5K −$13.59/SF
NOI
$14.0K $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%
$280,140
Cap Rate 7%
$200,100
Cap Rate 9%
$155,633
Alternative Uses
Best Use
Apartment 5plus
$200.1K
$175.1K – $233.5K
NOI $14,007 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.6K
$379.4K – $505.9K
NOI $30,353 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
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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 - This two-bedroom, two-bath condo features an open living area, in-unit laundry, and a private balcony.
Where is this residential income property located?
The property is located at 6914 WILLOW STREET NW Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 843‑square‑foot, 2020‑built condominium at Faye's Flats; Two bedrooms and two bathrooms; Private balcony
