Two-Bedroom Residential Income
For Sale
$485,000
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$531.80
Days on Market169
Property Features for 7700 GEORGIA AVENUE NW Unit 303
General Information
Standard status
Active
Size
912 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Http://Planning.dc.gov/
Public Transit
Yes
Additional Details
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: Oct 29
Last Checked: Oct 28 at 1:43PM
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.
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 / Yr
$15,153
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
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
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 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 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.1K
$410.5K – $547.3K
NOI $32,837 @ 7.0% cap · market cap 6.77%
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 - 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 $485,000.
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
