Two-Bedroom Residential Income
For Sale
$695,000
700 NEW HAMPSHIRE AVENUE NW Unit 916, Washington, DC 20037
The co-op fee covers taxes, utilities, HVAC maintenance, cable, internet, and a garage parking space.
Property Size1,264 SF
Price / SF$549.84
Days on Market11
Property Features for 700 NEW HAMPSHIRE AVENUE NW Unit 916
General Information
Standard status
Active
Size
1,264 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Foggy Bottom
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
1
Amenities
24-hour front desk & doorman service
outdoor saltwater pool & grill
guest suites
newly renovated fitness center
newly renovated community room
beautifully landscaped gardens
roof terrace
dog spa room
on-site shops & restaurants
Building Details
Building Size
1,264 SF
Year Built
1971
Listing Agency:
Winston Real Estate, Inc.
Listed By:
Gigi R. Winston · License #BR98367703
(703) 850-9642
Source:
Barnesrealestatecompany
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 24 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 Winston Real Estate, Inc.
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Investment Insights
Based on property information with market context.
At Watergate South, this two-bedroom, two-bath residence spans 1,264 square feet and has floor-to-ceiling windows in every room. The open layout includes a kitchen, and one underground garage space is included. The co-op fee covers property taxes, utilities, HVAC maintenance, basic cable, internet, and parking.
Building amenities include a 24-hour front desk and doorman, an outdoor saltwater pool and grill, guest suites, a fitness center, community room, landscaped gardens, roof terrace, and dog spa. Shops and restaurants are also on site. The property is within walking distance of Foggy Bottom Metro, the Kennedy Center, Whole Foods, and Georgetown Waterfront.
Building amenities include a 24-hour front desk and doorman, an outdoor saltwater pool and grill, guest suites, a fitness center, community room, landscaped gardens, roof terrace, and dog spa. Shops and restaurants are also on site. The property is within walking distance of Foggy Bottom Metro, the Kennedy Center, Whole Foods, and Georgetown Waterfront.
Key Highlights
- Two bedrooms and two baths across 1,264 square feet
- Floor‑to‑ceiling windows in every room
- One underground garage space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,002
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,040
$420.0K
Cap Rate 7%
$300,029
$300.0K
Cap Rate 9%
$233,356
$233.4K
Market Conditions
NOI Build-Up for 1,264 SF
Gross rent
$40.2K $31.80/SF
− Vacancy
−$2.0K −$1.59/SF
EGI
$38.2K $30.21/SF
− OpEx
−$17.2K −$13.59/SF
NOI
$21.0K $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%
$420,040
Cap Rate 7%
$300,029
Cap Rate 9%
$233,356
Alternative Uses
Best Use
Apartment 5plus
$300.0K
$262.5K – $350.0K
NOI $21,002 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$650.2K
$568.9K – $758.5K
NOI $45,511 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
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 - The co-op fee covers taxes, utilities, HVAC maintenance, cable, internet, and a garage parking space.
Where is this residential income property located?
The property is located at 700 NEW HAMPSHIRE AVENUE NW Unit 916 Washington, DC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two bedrooms and two baths across 1,264 square feet; Floor‑to‑ceiling windows in every room; One underground garage space included
