Residential Co-op
For Sale
$159,900
7060 EASTERN AVENUE NW Unit 116, Washington, DC 20012
This one-bedroom home includes assigned parking and access to common grounds.
Property Size600 SF
Price / SF$266.50
Days on Market195
Property Features for 7060 EASTERN AVENUE NW Unit 116
General Information
Standard status
Active
Size
600 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$40,315
Building Details
Building Size
600 SF
Year Built
1966
Listing Agency:
CENTURY 21 New Millennium
Listed By:
Susan Pruden · License #SP98372556
(301) 980-9409
Source:
Jackrealtygroup
Added: Apr 17
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 CENTURY 21 New Millennium
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 600-square-foot garden co-op has one bedroom and one bathroom. The unit comes with assigned parking, and residents have access to common grounds. The building dates to 1966, and ownership is limited to residents; investor purchases are not permitted.
The monthly fee includes property taxes, heat, cooling, gas, water, and trash. Residents pay separately for electricity and internet. The property is near Takoma Metro and the neighborhood’s cafes, shops, and restaurants.
The monthly fee includes property taxes, heat, cooling, gas, water, and trash. Residents pay separately for electricity and internet. The property is near Takoma Metro and the neighborhood’s cafes, shops, and restaurants.
Key Highlights
- 600‑square‑foot co‑op with one bedroom and one bathroom
- Assigned parking included
- Monthly fee covers property taxes, heat, cooling, gas, water, and trash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,969
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,380
$199.4K
Cap Rate 7%
$142,414
$142.4K
Cap Rate 9%
$110,767
$110.8K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$19.1K $31.80/SF
− Vacancy
−$954 −$1.59/SF
EGI
$18.1K $30.21/SF
− OpEx
−$8.2K −$13.59/SF
NOI
$10.0K $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%
$199,380
Cap Rate 7%
$142,414
Cap Rate 9%
$110,767
Alternative Uses
Best Use
Apartment 5plus
$142.4K
$124.6K – $166.2K
NOI $9,969 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.6K
$270.0K – $360.1K
NOI $21,603 @ 7.0% cap · market cap 13.51%
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 - This one-bedroom home includes assigned parking and access to common grounds.
Where is this residential income property located?
The property is located at 7060 EASTERN AVENUE NW Unit 116 Washington, DC.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 600‑square‑foot co‑op with one bedroom and one bathroom; Assigned parking included; Monthly fee covers property taxes, heat, cooling, gas, water, and trash
