Two-Bedroom Residential Income
For Sale
$499,990
7700 GEORGIA AVENUE NW Unit 301, Washington, DC 20012
Condominium residence with an open layout, premium finishes, and access to nearby retail, parks, trails, and Metro service.
Property Size868 SF
Price / SF$576.03
Days on Market95
Property Features for 7700 GEORGIA AVENUE NW Unit 301
General Information
Standard status
Active
Size
868 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,623
Building Details
Building Size
868 SF
Year Built
2021
Listing Agency:
Samson Properties
Listed By:
Mark Levenson · License #656747
(240) 461-4162
Source:
Kerishull
Added: Jun 12
Changed: Sep 2
Last Checked: Sep 13 at 12:09PM
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 Samson Properties
Investment Insights
Based on property information with market context.
Unit 301 is a 2021-built condominium residence with two bedrooms and two bathrooms. The open-concept interior features soaring ceilings, oversized windows, wide-plank hardwood flooring, and views along Georgia Avenue. Its kitchen includes quartz countertops, a center island with waterfall-edge detailing, Bosch stainless steel appliances, and European-style cabinetry. Bathrooms offer floating double vanities, custom tile work, a tiled tub surround, and a frameless-glass walk-in shower.
The property is located at 7700 Georgia Avenue NW in Washington, DC’s Shepherd Park neighborhood. The Parks at Walter Reed, Whole Foods, shopping, dining, community events, public swimming facilities, parks, and bike trails are nearby. Takoma Metro, downtown Silver Spring, Rock Creek Park, and Chevy Chase are also identified as accessible from the property.
The property is located at 7700 Georgia Avenue NW in Washington, DC’s Shepherd Park neighborhood. The Parks at Walter Reed, Whole Foods, shopping, dining, community events, public swimming facilities, parks, and bike trails are nearby. Takoma Metro, downtown Silver Spring, Rock Creek Park, and Chevy Chase are also identified as accessible from the property.
Key Highlights
- Two‑bedroom, two‑bath condominium residence
- Built in 2021 with soaring ceilings and oversized windows
- Open‑concept layout with wide‑plank hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,422
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,440
$288.4K
Cap Rate 7%
$206,029
$206.0K
Cap Rate 9%
$160,244
$160.2K
Market Conditions
NOI Build-Up for 868 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.6K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.2K $30.21/SF
− OpEx
−$11.8K −$13.59/SF
NOI
$14.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,440
Cap Rate 7%
$206,029
Cap Rate 9%
$160,244
Alternative Uses
Best Use
Apartment 5plus
$206.0K
$180.3K – $240.4K
NOI $14,422 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.5K
$390.7K – $520.9K
NOI $31,253 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with an open layout, premium finishes, and access to nearby retail, parks, trails, and Metro service.
Where is this residential income property located?
The property is located at 7700 GEORGIA AVENUE NW Unit 301 Washington, DC.
What is the asking price?
The asking price for this property is $499,990.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium residence; Built in 2021 with soaring ceilings and oversized windows; Open‑concept layout with wide‑plank hardwood flooring
