Renovated Two-Level Residential
For Sale
$895,000
700 NEW HAMPSHIRE AVENUE NW Unit 116, Washington, DC 20037
A renovated apartment with a private terrace, flexible second bedroom or den, parking, and storage.
Property Size1,697 SF
Days on Market498
Property Features for 700 NEW HAMPSHIRE AVENUE NW Unit 116
General Information
Standard status
Active
Size
1,697 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Foggy Bottom
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Multifamily Units
1
Parking per Unit
1
Amenities
24/7 concierge
doorman
fitness center
outside pool
on-site shops
private terrace
Building Details
Building Size
1,697 SF
Year Built
1971
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Gwendolyn Gowdey · License #SP711946
(202) 258-3618
Source:
Kwcapitalproperties
Added: Jun 21, 2025
Changed: Oct 26
Last Checked: Oct 30 at 9:39PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This two-level apartment at Watergate South combines a renovated interior with a practical residential layout. The main floor includes an open kitchen with high-end appliances, custom cabinetry, contemporary finishes, and an adjoining living and dining area. Floor-to-ceiling windows bring natural light into the space, while a private terrace extends the living area outdoors. Upstairs, the primary suite offers a spa-inspired bathroom and generous closet space, complemented by a second bedroom or flexible office/den. Parking and storage are included.
Building amenities include a 24/7 concierge and doorman, fitness center, outdoor pool, and on-site shops. The co-op fee includes utilities, WiFi, property taxes, one parking space, maintenance, and the underlying mortgage. The property was built in 1971 and is near the Kennedy Center, Foggy Bottom Metro, Whole Foods, Trader Joe’s, Georgetown, Route 66, and area bike trails.
Building amenities include a 24/7 concierge and doorman, fitness center, outdoor pool, and on-site shops. The co-op fee includes utilities, WiFi, property taxes, one parking space, maintenance, and the underlying mortgage. The property was built in 1971 and is near the Kennedy Center, Foggy Bottom Metro, Whole Foods, Trader Joe’s, Georgetown, Route 66, and area bike trails.
Key Highlights
- Two‑level apartment with renovated interiors and custom cabinetry
- Private terrace, floor‑to‑ceiling windows, parking, and storage
- Second bedroom or flexible office/den complements the primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,197
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,940
$563.9K
Cap Rate 7%
$402,814
$402.8K
Cap Rate 9%
$313,300
$313.3K
Market Conditions
NOI Build-Up for 1,697 SF
Gross rent
$54.0K $31.80/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$51.3K $30.21/SF
− OpEx
−$23.1K −$13.59/SF
NOI
$28.2K $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%
$563,940
Cap Rate 7%
$402,814
Cap Rate 9%
$313,300
Alternative Uses
Best Use
Apartment 5plus
$402.8K
$352.5K – $470.0K
NOI $28,197 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$872.9K
$763.8K – $1.02M
NOI $61,102 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
9,876
Businesses Nearby
Explore this area
Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A renovated apartment with a private terrace, flexible second bedroom or den, parking, and storage.
Where is this residential income property located?
The property is located at 700 NEW HAMPSHIRE AVENUE NW Unit 116 Washington, DC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two‑level apartment with renovated interiors and custom cabinetry; Private terrace, floor‑to‑ceiling windows, parking, and storage; Second bedroom or flexible office/den complements the primary suite
