Residential Income Property with Roof
For Sale
$775,000
720 IRVING STREET NE Unit 7, Washington, DC 20017
A two-level residence pairs a private rooftop terrace with a balcony and dedicated alley parking.
Property Size1,400 SF
Days on Market11
Property Features for 720 IRVING STREET NE Unit 7
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
private roof deck
balcony
laundry room
Building Details
Building Size
1,400 SF
Year Built
2026
Listing Agency:
M Squared Real Estate LLC
Listed By:
Mark Mlakar · License #BR98366220
(202) 321-5641
Source:
Barnesrealestatecompany
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 28 at 5:32PM
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 M Squared Real Estate LLC
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 1,400-square-foot residential income property is a third-floor, two-level condo completed in 2026. Its main floor has an open living area with a separate den, a balcony, and stair access to a private roof deck. Two bedrooms sit apart from the main living space, alongside two bathrooms and a large laundry room. Interior features include wide-plank hardwood flooring, quartz counters, designer fixtures, and marble bathrooms; the primary bath has a freestanding tub.
The property is in Brookland, near Metro service and within walking distance of Catholic University, restaurants, bars, coffee shops, and grocery stores. Dedicated parking is located in the alley, and the building is pet-friendly.
The property is in Brookland, near Metro service and within walking distance of Catholic University, restaurants, bars, coffee shops, and grocery stores. Dedicated parking is located in the alley, and the building is pet-friendly.
Key Highlights
- 1,400‑square‑foot, two‑level condo completed in 2026
- Two bedrooms and two bathrooms, with bedrooms separated from the main living area
- Private roof deck, balcony, and dedicated alley parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,262
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,240
$465.2K
Cap Rate 7%
$332,314
$332.3K
Cap Rate 9%
$258,467
$258.5K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$44.5K $31.80/SF
− Vacancy
−$2.2K −$1.59/SF
EGI
$42.3K $30.21/SF
− OpEx
−$19.0K −$13.59/SF
NOI
$23.3K $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%
$465,240
Cap Rate 7%
$332,314
Cap Rate 9%
$258,467
Alternative Uses
Best Use
Apartment 5plus
$332.3K
$290.8K – $387.7K
NOI $23,262 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.1K
$630.1K – $840.1K
NOI $50,408 @ 7.0% cap · market cap 6.50%
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
1,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 20017, DC
20,293
Population
9,252
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
92%
High-School Grad
2.2 sq mi
ZIP Area
9,224
Density / Sq Mi
$101,543
Median Household Income
$74,399
Median Earnings
$1,793
Median Rent
$686,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A two-level residence pairs a private rooftop terrace with a balcony and dedicated alley parking.
Where is this residential income property located?
The property is located at 720 IRVING STREET NE Unit 7 Washington, DC.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1,400‑square‑foot, two‑level condo completed in 2026; Two bedrooms and two bathrooms, with bedrooms separated from the main living area; Private roof deck, balcony, and dedicated alley parking
