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 Market140
Property Features for 7700 GEORGIA AVENUE NW Unit 301
General Information
Standard status
Active
Size
868 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Http://Planning.dc.gov/
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
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: Oct 25
Last Checked: Oct 28 at 2:38PM
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
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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 / Yr
$14,422
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,136
Businesses Nearby
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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
