Two-Level Residential Income
For Sale
$899,900
720 IRVING STREET NE Unit 8, Washington, DC 20017
A three-bedroom, three-bath layout pairs an open living area with a separate den, balcony, and private rooftop space.
Property Size1,700 SF
Days on Market26
Property Features for 720 IRVING STREET NE Unit 8
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
private roof deck
balcony
hardwood floors
marble baths
quartz counters
laundry room
pet friendly
dedicated parking
Building Details
Building Size
1,700 SF
Year Built
2026
Listing Agency:
M Squared Real Estate LLC
Listed By:
Mark Mlakar · License #BR98366220
(202) 321-5641
Source:
Barnesrealestatecompany
Added: Sep 24
Changed: Oct 5
Last Checked: Oct 16 at 4:22PM
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
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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-level residential property has three bedrooms and three bathrooms, with the bedrooms positioned apart from the main living area. The open living space includes a separate den that can serve as an office or theatre room. A balcony connects by stairs to a private roof deck. Interior features include wide-plank hardwood flooring, marble bathrooms, a freestanding tub in the primary bath, quartz counters, designer fixtures, and a large laundry room. The property was built in 2026 and includes dedicated alley parking.
Brook Lofts is in Brookland, on a quiet street near Metro service, Catholic University, restaurants, bars, coffee shops, and grocery stores. The unit is on the third floor and has a private outdoor area above the main level.
Brook Lofts is in Brookland, on a quiet street near Metro service, Catholic University, restaurants, bars, coffee shops, and grocery stores. The unit is on the third floor and has a private outdoor area above the main level.
Key Highlights
- Three bedrooms and three bathrooms across two levels
- Separate den adjoining the open main living area
- Private roof deck reached by stairs from the balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,246
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,920
$564.9K
Cap Rate 7%
$403,514
$403.5K
Cap Rate 9%
$313,844
$313.8K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$54.1K $31.80/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$51.4K $30.21/SF
− OpEx
−$23.1K −$13.59/SF
NOI
$28.2K $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%
$564,920
Cap Rate 7%
$403,514
Cap Rate 9%
$313,844
Alternative Uses
Best Use
Apartment 5plus
$403.5K
$353.1K – $470.8K
NOI $28,246 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$874.4K
$765.1K – $1.02M
NOI $61,210 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 three-bedroom, three-bath layout pairs an open living area with a separate den, balcony, and private rooftop space.
Where is this residential income property located?
The property is located at 720 IRVING STREET NE Unit 8 Washington, DC.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Three bedrooms and three bathrooms across two levels; Separate den adjoining the open main living area; Private roof deck reached by stairs from the balcony
