Two-Bedroom Residential
For Sale
$199,500
7054 EASTERN AVENUE NW Unit 304, Washington, DC 20012
An updated upper-floor residence pairs a private balcony with an open living area and a renovated kitchen.
Property Size900 SF
Price / SF$221.67
Days on Market99
Property Features for 7054 EASTERN AVENUE NW Unit 304
General Information
Standard status
Active
Size
900 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$40,315
Building Details
Building Size
900 SF
Year Built
1966
Listing Agency:
Taylor Properties
Listed By:
Mike Mravca · License #SP200205165
(443) 742-4954
Source:
Jackrealtygroup
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 26 at 2:35PM
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 Taylor Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-bedroom penthouse unit has an open living area, a private balcony, and walk-in closets in both bedrooms. The kitchen features granite counters, stainless steel appliances, an exhaust hood, under-cabinet lighting, and a breakfast bar. Hardwood flooring runs through the unit, with newer carpet installed over it in some areas. The full bathroom retains restored vintage tile, and the HVAC system was replaced in 2021. The property was built in 1966.
Takoma Metro Station and downtown Takoma Park are within three blocks. Whole Foods, Rock Creek Park, and Takoma Community Center are within one mile. The unit includes one assigned parking space, with visitor parking also available.
The fee covers property taxes, water, gas, and trash. There is no underlying mortgage or capital contribution requirement.
Takoma Metro Station and downtown Takoma Park are within three blocks. Whole Foods, Rock Creek Park, and Takoma Community Center are within one mile. The unit includes one assigned parking space, with visitor parking also available.
The fee covers property taxes, water, gas, and trash. There is no underlying mortgage or capital contribution requirement.
Key Highlights
- Two bedrooms, each with a walk‑in closet
- Private balcony and open living area
- Kitchen with granite countertops, stainless steel appliances, breakfast bar, and under‑cabinet lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,954
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,080
$299.1K
Cap Rate 7%
$213,629
$213.6K
Cap Rate 9%
$166,156
$166.2K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$28.6K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$27.2K $30.21/SF
− OpEx
−$12.2K −$13.59/SF
NOI
$15.0K $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%
$299,080
Cap Rate 7%
$213,629
Cap Rate 9%
$166,156
Alternative Uses
Best Use
Apartment 5plus
$213.6K
$186.9K – $249.2K
NOI $14,954 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,405 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,391
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - An updated upper-floor residence pairs a private balcony with an open living area and a renovated kitchen.
Where is this residential income property located?
The property is located at 7054 EASTERN AVENUE NW Unit 304 Washington, DC.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: Two bedrooms, each with a walk‑in closet; Private balcony and open living area; Kitchen with granite countertops, stainless steel appliances, breakfast bar, and under‑cabinet lighting
