Updated 2-Bedroom 1031 Exchange
For Sale
$374,900
80 NEW YORK AVENUE NW Unit 402, Washington, DC 20001
Fourth-floor condominium with upgraded finishes, city views, and a lease transferring through August 2027.
Property Size842 SF
Days on Market39
Property Features for 80 NEW YORK AVENUE NW Unit 402
General Information
Standard status
Active
Size
842 SF
Property subtype
Unit/Flat/Apartment
Occupancy
100%
Financials
Gross Income
$35,400
Average Monthly Rent
$2,950
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,751
Building Details
Building Size
842 SF
Year Built
1925
Tenancy
Single
Listing Agency:
RLAH @properties
Listed By:
Barri McClellan · License #sp98372805
(202) 531-0005
Source:
Kwcapitalproperties
Added: Aug 29
Changed: Oct 3
Last Checked: Oct 5 at 11:40PM
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 RLAH @properties
Investment Insights
Based on property information with market context.
This fourth-floor condominium includes two bedrooms and one bathroom within an open-concept layout. The unit has been refreshed with new hardwood plank flooring, neutral interior paint, quartz kitchen countertops, and newer appliances. City views and a design focused on natural light add to the interior presentation.
Located at 80 New York Avenue NW in Washington, D.C., the property is in Eckington and offers proximity to Metro service. Built in 1925, the condominium is currently occupied, and its existing lease transfers to the buyer through August 2027. The unit cannot be shown until that lease period ends.
Located at 80 New York Avenue NW in Washington, D.C., the property is in Eckington and offers proximity to Metro service. Built in 1925, the condominium is currently occupied, and its existing lease transfers to the buyer through August 2027. The unit cannot be shown until that lease period ends.
Key Highlights
- Two‑bedroom, one‑bathroom condominium on the fourth floor
- New hardwood plank flooring and fresh neutral paint
- Kitchen fitted with quartz countertops and newer appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,990
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,800
$279.8K
Cap Rate 7%
$199,857
$199.9K
Cap Rate 9%
$155,444
$155.4K
Market Conditions
NOI Build-Up for 842 SF
Gross rent
$26.8K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$25.4K $30.21/SF
− OpEx
−$11.4K −$13.59/SF
NOI
$14.0K $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%
$279,800
Cap Rate 7%
$199,857
Cap Rate 9%
$155,444
Alternative Uses
Best Use
Apartment 5plus
$199.9K
$174.9K – $233.2K
NOI $13,990 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.1K
$379.0K – $505.3K
NOI $30,317 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,484
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
1031 exchange property - Fourth-floor condominium with upgraded finishes, city views, and a lease transferring through August 2027.
Where is this 1031 exchange property located?
The property is located at 80 NEW YORK AVENUE NW Unit 402 Washington, DC.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom condominium on the fourth floor; New hardwood plank flooring and fresh neutral paint; Kitchen fitted with quartz countertops and newer appliances
