Residential Income
For Sale
$240,000
730 24TH NW Unit 308, Washington, DC 20037
An open-plan co-op residence features large windows, a functional kitchen, and secure building entry.
Property Size600 SF
Price / SF$400
Days on Market184
Property Features for 730 24TH NW Unit 308
General Information
Standard status
Active
Size
600 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Carver Langston
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
secure building access
Building Details
Building Size
600 SF
Year Built
1961
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Apr 30
Changed: Oct 27
Last Checked: Oct 26 at 2:10PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 600-square-foot co-op residence has an open-plan layout, large windows, and a kitchen with modern appliances and ample storage. The unit is in a building constructed in 1961, with secure entry for residents.
At 730 24th NW in Washington, DC, the property is near dining, shopping, cultural attractions, public parks, and transit options. Nearby street parking is also noted.
At 730 24th NW in Washington, DC, the property is near dining, shopping, cultural attractions, public parks, and transit options. Nearby street parking is also noted.
Key Highlights
- 600‑square‑foot co‑op unit
- Open‑plan interior with large windows
- Kitchen includes modern appliances and ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,969
Cap Rate
4.15%
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 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.6K
$270.0K – $360.1K
NOI $21,603 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan co-op residence features large windows, a functional kitchen, and secure building entry.
Where is this residential income property located?
The property is located at 730 24TH NW Unit 308 Washington, DC.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 600‑square‑foot co‑op unit; Open‑plan interior with large windows; Kitchen includes modern appliances and ample storage
