Two-Bedroom Residential Income
For Sale
$510,000
7700 GEORGIA AVENUE NW Unit 303, Washington, DC 20012
Condominium residence with open living areas, high ceilings, oversized windows, and contemporary kitchen finishes.
Property Size912 SF
Price / SF$559.21
Days on Market119
Property Features for 7700 GEORGIA AVENUE NW Unit 303
General Information
Standard status
Active
Size
912 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,117
Building Details
Building Size
912 SF
Year Built
2021
Listing Agency:
Samson Properties
Listed By:
Hans Schenk
(703) 261-9190
Source:
Kerishull
Added: May 15
Changed: Sep 4
Last Checked: Sep 10 at 8:07AM
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.
The Seven Condominium includes this two-bedroom residence with an open interior arrangement, high ceilings, and oversized windows. The kitchen is equipped with panelized Bosch appliances, quartz countertops, and European-style cabinetry, while wide-plank hardwood flooring extends throughout the home. The property was built in 2021 and has a property size of 912.
The residence is located at 7700 Georgia Avenue NW, Unit 303, in Washington, DC. Nearby destinations include The Parks at Walter Reed, Whole Foods, Jinya Ramen Bar, and the shops and restaurants of downtown Silver Spring. Walk Score is 94, Transit Score is 71, and Bike Score is 82.
The residence is located at 7700 Georgia Avenue NW, Unit 303, in Washington, DC. Nearby destinations include The Parks at Walter Reed, Whole Foods, Jinya Ramen Bar, and the shops and restaurants of downtown Silver Spring. Walk Score is 94, Transit Score is 71, and Bike Score is 82.
Key Highlights
- Two‑bedroom residence in The Seven Condominium
- 912 property size; built in 2021
- Panelized Bosch appliances, quartz counters, and European‑style cabinetry
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
$15,153
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
2.97%
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%
$303,060
$303.1K
Cap Rate 7%
$216,471
$216.5K
Cap Rate 9%
$168,367
$168.4K
Market Conditions
NOI Build-Up for 912 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
$29.0K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$27.6K $30.21/SF
− OpEx
−$12.4K −$13.59/SF
NOI
$15.2K $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%
$303,060
Cap Rate 7%
$216,471
Cap Rate 9%
$168,367
Alternative Uses
Best Use
Apartment 5plus
$216.5K
$189.4K – $252.6K
NOI $15,153 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.1K
$410.5K – $547.3K
NOI $32,837 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with open living areas, high ceilings, oversized windows, and contemporary kitchen finishes.
Where is this residential income property located?
The property is located at 7700 GEORGIA AVENUE NW Unit 303 Washington, DC.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two‑bedroom residence in The Seven Condominium; 912 property size; built in 2021; Panelized Bosch appliances, quartz counters, and European‑style cabinetry
