Residential Income Property with Granite
For Sale
$250,000
738 LONGFELLOW STREET NW Unit 311, Washington, DC 20011
The unit combines granite countertops and ample cabinetry with comfortable bedrooms and an open living area.
Property Size825 SF
Price / SF$303.03
Days on Market58
Property Features for 738 LONGFELLOW STREET NW Unit 311
General Information
Standard status
Active
Size
825 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Brightwood Park
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,948
Building Details
Building Size
825 SF
Year Built
1900
Listing Agency:
Keller Williams Realty
Listed By:
Jovan Ruzic · License #SP98374346
(703) 382-5030
Source:
Jackrealtygroup
Added: Sep 2
Changed: Oct 27
Last Checked: Oct 26 at 4:26PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 825-square-foot residence has open living spaces, a kitchen with granite countertops and substantial cabinet storage, comfortable bedrooms, and a bathroom with a separate tub. The property dates to 1900.
Fort Totten Metro serves the Red, Green, and Yellow lines. Nearby bus service and access to Georgia Avenue NW, New Hampshire Avenue NW, and North Capitol Street connect the area to destinations across DC. Fort Slocum Park, Hamilton Recreation Center, Emery Heights Community Center, and Rock Creek Park are among the nearby outdoor and recreation options. Dining, shopping, and grocery options are also in the surrounding area.
Fort Totten Metro serves the Red, Green, and Yellow lines. Nearby bus service and access to Georgia Avenue NW, New Hampshire Avenue NW, and North Capitol Street connect the area to destinations across DC. Fort Slocum Park, Hamilton Recreation Center, Emery Heights Community Center, and Rock Creek Park are among the nearby outdoor and recreation options. Dining, shopping, and grocery options are also in the surrounding area.
Key Highlights
- 825‑square‑foot residence
- Built in 1900
- Kitchen with granite countertops and ample cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,131
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,620
$262.6K
Cap Rate 7%
$187,586
$187.6K
Cap Rate 9%
$145,900
$145.9K
Market Conditions
NOI Build-Up for 825 SF
Gross rent
$25.3K $30.72/SF
− Vacancy
−$1.5K −$1.78/SF
EGI
$23.9K $28.94/SF
− OpEx
−$10.7K −$13.02/SF
NOI
$13.1K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,620
Cap Rate 7%
$187,586
Cap Rate 9%
$145,900
Alternative Uses
Best Use
Apartment 5plus
$187.6K
$164.1K – $218.9K
NOI $13,131 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$425.9K
$372.7K – $496.9K
NOI $29,816 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
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Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit combines granite countertops and ample cabinetry with comfortable bedrooms and an open living area.
Where is this residential income property located?
The property is located at 738 LONGFELLOW STREET NW Unit 311 Washington, DC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 825‑square‑foot residence; Built in 1900; Kitchen with granite countertops and ample cabinetry
