One-Bedroom Residential Income
For Sale
$315,000
730 24TH STREET NW #309, Washington, DC 20037
Private balcony and western-facing exposure complement an open living area with hardwood floors.
Property Size730 SF
Price / SF$431.51
Days on Market149
Property Features for 730 24TH STREET NW #309
General Information
Standard status
Active
Size
730 SF
Property subtype
Apartment
Site & Location
Neighborhood
Carver Langston
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
floor-to-ceiling windows
hardwood floors
private balcony
large walk-in closet
coat closets
Central A/C
Forced Air
Building Details
Year Built
1961
Listed By:
Austin Harvey · License #98754321
(678) 790-5651
Source:
Kw
Added: Jun 4
Changed: Oct 28
Last Checked: Oct 28 at 1:31PM
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 Austin Harvey
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Investment Insights
Based on property information with market context.
This residential income property at 730 24th Street NW #309 provides approximately 730 square feet with one bedroom and one bathroom. The interior includes hardwood flooring, central A/C, forced air, an open living area, and substantial storage. A large walk-in closet, additional closets, and a private balcony add practical functionality. The property was built in 1961.
The residence is positioned one block from the Foggy Bottom-GWU Metro in Washington, DC. George Washington University, Whole Foods, Georgetown, the C&O Canal, the Kennedy Center, and a range of dining and shopping destinations are nearby. Western-facing views from the balcony provide sunset exposure.
The residence is positioned one block from the Foggy Bottom-GWU Metro in Washington, DC. George Washington University, Whole Foods, Georgetown, the C&O Canal, the Kennedy Center, and a range of dining and shopping destinations are nearby. Western-facing views from the balcony provide sunset exposure.
Key Highlights
- Approximately 730 square feet with 1 bedroom and 1 bathroom
- Private balcony with western‑facing views
- One block from the Foggy Bottom‑GWU Metro
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,129
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,580
$242.6K
Cap Rate 7%
$173,271
$173.3K
Cap Rate 9%
$134,767
$134.8K
Market Conditions
NOI Build-Up for 730 SF
Gross rent
$23.2K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$22.1K $30.21/SF
− OpEx
−$9.9K −$13.59/SF
NOI
$12.1K $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%
$242,580
Cap Rate 7%
$173,271
Cap Rate 9%
$134,767
Alternative Uses
Best Use
Apartment 5plus
$173.3K
$151.6K – $202.2K
NOI $12,129 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.5K
$328.6K – $438.1K
NOI $26,284 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
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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 - Private balcony and western-facing exposure complement an open living area with hardwood floors.
Where is this residential income property located?
The property is located at 730 24TH STREET NW #309 Washington, DC.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Approximately 730 square feet with 1 bedroom and 1 bathroom; Private balcony with western‑facing views; One block from the Foggy Bottom‑GWU Metro
