Updated Residential Income
For Sale
$369,400
718 PARK ROAD NW Unit 2, Washington, DC 20010
The 707-square-foot condo combines an open layout with in-unit laundry and a redesigned kitchen.
Property Size707 SF
Price / SF$522.49
Days on Market71
Property Features for 718 PARK ROAD NW Unit 2
General Information
Standard status
Active
Size
707 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Pleasant Plains
Additional Details
HOA Fee
$281.18
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,155
Amenities
bike storage
smart intercom
in-unit laundry
Building Details
Building Size
707 SF
Year Built
1950
Buildings
1
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 21
Changed: Oct 26
Last Checked: Oct 26 at 3:17PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
Unit 2 offers 707 square feet within an eight-unit building constructed in 1950. Inside, hardwood floors and an open arrangement connect to a remodeled kitchen with custom storage cabinetry, stainless-steel appliances, a gas range, granite counters, and open shelves. The condo also includes an updated bathroom, full-size in-unit laundry, a Nest thermostat, refreshed lighting and paint, and a water heater installed in 2024.
Building amenities include a ButterflyMX intercom system and dedicated bicycle storage. The property is positioned between the Columbia Heights and Georgia Ave-Petworth Metro stations, with nearby parks and neighborhood restaurants. Its Walk Score is 97.
Building amenities include a ButterflyMX intercom system and dedicated bicycle storage. The property is positioned between the Columbia Heights and Georgia Ave-Petworth Metro stations, with nearby parks and neighborhood restaurants. Its Walk Score is 97.
Key Highlights
- 707‑square‑foot condo in an eight‑unit building
- Built in 1950; water heater replaced in 2024
- Remodeled kitchen with custom cabinets, stainless‑steel appliances, gas range, and granite counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,747
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,940
$234.9K
Cap Rate 7%
$167,814
$167.8K
Cap Rate 9%
$130,522
$130.5K
Market Conditions
NOI Build-Up for 707 SF
Gross rent
$22.5K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.4K $30.21/SF
− OpEx
−$9.6K −$13.59/SF
NOI
$11.7K $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%
$234,940
Cap Rate 7%
$167,814
Cap Rate 9%
$130,522
Alternative Uses
Best Use
Apartment 5plus
$167.8K
$146.8K – $195.8K
NOI $11,747 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$363.7K
$318.2K – $424.3K
NOI $25,456 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,154
Businesses Nearby
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Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 707-square-foot condo combines an open layout with in-unit laundry and a redesigned kitchen.
Where is this residential income property located?
The property is located at 718 PARK ROAD NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $369,400.
What are key features of this property?
This property features: 707‑square‑foot condo in an eight‑unit building; Built in 1950; water heater replaced in 2024; Remodeled kitchen with custom cabinets, stainless‑steel appliances, gas range, and granite counters
