Residential Income Property with Exterior
For Sale
$325,000
7723 ALASKA AVENUE NW Unit B102, Washington, DC 20012
The two-bedroom, two-bath residence has its own exterior entrance and an in-unit washer and dryer.
Property Size694 SF
Price / SF$468.30
Days on Market149
Property Features for 7723 ALASKA AVENUE NW Unit B102
General Information
Standard status
Active
Size
694 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
$1,881
Amenities
electric fireplace
in-unit washer/dryer
hardwood floors
updated kitchen
stainless steel appliances
recessed lighting
ceramic tile floors
pet-friendly
direct exterior access
Building Details
Building Size
694 SF
Year Built
1959
Year Renovated
2018
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Kevin W Savercool · License #SP200204060
(301) 437-9118
Source:
Jackrealtygroup
Added: Jun 4
Changed: Oct 28
Last Checked: Oct 26 at 3:05PM
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 Long & Foster Real Estate, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath residence features hardwood flooring in the main living areas, an updated kitchen with stainless steel appliances, recessed lighting, and an electric fireplace. Ceramic tile finishes the floors in both bathrooms. A washer and dryer are located in the unit, which has direct outdoor access; it is the only residence in the building with that feature. The building dates to 1959 and underwent renovation in 2018.
The property is one block from the DC–Maryland line and positioned between Downtown Silver Spring, Takoma Park, and Northwest DC. Metro, retail, restaurants, parks, and major commuter routes are accessible from the surrounding area.
The property is one block from the DC–Maryland line and positioned between Downtown Silver Spring, Takoma Park, and Northwest DC. Metro, retail, restaurants, parks, and major commuter routes are accessible from the surrounding area.
Key Highlights
- Two bedrooms and two full bathrooms
- Only unit in the building with direct exterior access
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,531
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,620
$230.6K
Cap Rate 7%
$164,729
$164.7K
Cap Rate 9%
$128,122
$128.1K
Market Conditions
NOI Build-Up for 694 SF
Gross rent
$22.1K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.0K $30.21/SF
− OpEx
−$9.4K −$13.59/SF
NOI
$11.5K $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%
$230,620
Cap Rate 7%
$164,729
Cap Rate 9%
$128,122
Alternative Uses
Best Use
Apartment 5plus
$164.7K
$144.1K – $192.2K
NOI $11,531 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.0K
$312.4K – $416.5K
NOI $24,988 @ 7.0% cap · market cap 7.69%
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
2,844
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 - The two-bedroom, two-bath residence has its own exterior entrance and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 7723 ALASKA AVENUE NW Unit B102 Washington, DC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Only unit in the building with direct exterior access; In‑unit washer and dryer
