Three-Bedroom Residential Income
For Sale
$249,900
7700 GEORGIA AVENUE NW Unit 004, Washington, DC 20012
Cellar-level home with separate living, den, and dining areas, plus a galley kitchen and in-unit laundry.
Property Size1,057 SF
Price / SF$236.42
Days on Market166
Property Features for 7700 GEORGIA AVENUE NW Unit 004
General Information
Standard status
Active
Size
1,057 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Http://Planning.dc.gov/
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
Asking Price
$249,900
Building Details
Building Size
1,057 SF
Year Built
2021
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 18
Changed: Oct 27
Last Checked: Oct 26 at 2:35PM
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 1,057-square-foot, three-bedroom home at The Seven Condominiums was built in 2021 and has never been occupied. The cellar-level layout includes a living room, den, dining area, and galley kitchen. Interior features include engineered hardwood flooring, designer cabinetry, stainless steel appliances, quartz countertops and backsplash, and a full-size washer and dryer.
The property is in Shepherd Park, a short distance from The Parks at Historic Walter Reed, where Whole Foods, Starbucks, and Jinya Ramen Bar are located. Downtown Silver Spring is also minutes away.
The home is an inclusionary zoning unit. Prospective purchasers must complete the required IZ and homebuyer classes and receive approval from Housing Counseling Services.
The property is in Shepherd Park, a short distance from The Parks at Historic Walter Reed, where Whole Foods, Starbucks, and Jinya Ramen Bar are located. Downtown Silver Spring is also minutes away.
The home is an inclusionary zoning unit. Prospective purchasers must complete the required IZ and homebuyer classes and receive approval from Housing Counseling Services.
Key Highlights
- Three‑bedroom, 1,057‑square‑foot cellar‑level home
- Built in 2021 and never occupied
- Layout includes a living room, den, dining area, and galley kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,563
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,260
$351.3K
Cap Rate 7%
$250,900
$250.9K
Cap Rate 9%
$195,144
$195.1K
Market Conditions
NOI Build-Up for 1,057 SF
Gross rent
$33.6K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$31.9K $30.21/SF
− OpEx
−$14.4K −$13.59/SF
NOI
$17.6K $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%
$351,260
Cap Rate 7%
$250,900
Cap Rate 9%
$195,144
Alternative Uses
Best Use
Apartment 5plus
$250.9K
$219.5K – $292.7K
NOI $17,563 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.7K
$475.7K – $634.3K
NOI $38,058 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 20012, DC
15,485
Population
7,599
Households
2
Avg Household Size
41
Median Age
59%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
7,374
Density / Sq Mi
$128,234
Median Household Income
$75,138
Median Earnings
$1,638
Median Rent
$838,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Cellar-level home with separate living, den, and dining areas, plus a galley kitchen and in-unit laundry.
Where is this residential income property located?
The property is located at 7700 GEORGIA AVENUE NW Unit 004 Washington, DC.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three‑bedroom, 1,057‑square‑foot cellar‑level home; Built in 2021 and never occupied; Layout includes a living room, den, dining area, and galley kitchen
