One-Bedroom Residential Income
For Sale
$289,000
730 24TH STREET NW Unit 205, Washington, DC 20037
The corner residence has hardwood floors, a private balcony, and access to concierge service and a rooftop terrace.
Property Size730 SF
Price / SF$395.89
Days on Market87
Property Features for 730 24TH STREET NW Unit 205
General Information
Standard status
Active
Size
730 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Carver Langston
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$214,758
Amenities
private balcony
concierge service
renovated lobby
rooftop terrace
on-site property manager
pet-friendly
Building Details
Building Size
730 SF
Year Built
1961
Listing Agency:
Side
Listed By:
Karta Properties
(703) 509-4300
Source:
Kartaproperties
Added: Aug 4
Changed: Oct 26
Last Checked: Oct 26 at 2:18PM
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 Side
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Investment Insights
Based on property information with market context.
This 730-square-foot, one-bedroom residence was built in 1961 and sits on a corner. Its layout includes a full bathroom, hardwood flooring, a kitchen with granite counters and gas cooking, and a private balcony. Garage parking is available, and in-unit washer and dryer installation is permitted subject to cooperative approval and guidelines. The building provides 24-hour concierge service, a rooftop terrace, and an on-site property manager.
The home is in Washington’s Foggy Bottom area, near the Foggy Bottom Metro, George Washington University, the Kennedy Center, Rock Creek Park, Georgetown, Whole Foods, and Trader Joe’s. Residents must occupy the unit for two years before renting it. Up to two pets are allowed per unit, with no current weight or breed restriction.
The home is in Washington’s Foggy Bottom area, near the Foggy Bottom Metro, George Washington University, the Kennedy Center, Rock Creek Park, Georgetown, Whole Foods, and Trader Joe’s. Residents must occupy the unit for two years before renting it. Up to two pets are allowed per unit, with no current weight or breed restriction.
Key Highlights
- 730 square feet; one bedroom and one full bathroom
- Private balcony and corner‑unit layout
- Garage parking and 24‑hour concierge service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,129
Cap Rate
4.20%
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 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.5K
$328.6K – $438.1K
NOI $26,284 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
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 - The corner residence has hardwood floors, a private balcony, and access to concierge service and a rooftop terrace.
Where is this residential income property located?
The property is located at 730 24TH STREET NW Unit 205 Washington, DC.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 730 square feet; one bedroom and one full bathroom; Private balcony and corner‑unit layout; Garage parking and 24‑hour concierge service
