Residential Income Property with
For Sale
$149,999
800 4TH STREET SW Unit N322, Washington, DC 20024
Full-service studio condominium with flexible living areas, extensive storage, and resident amenities in Southwest DC.
Property Size575 SF
Price / SF$260.87
Days on Market180
Property Features for 800 4TH STREET SW Unit N322
General Information
Standard status
Active
Size
575 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,527
Amenities
24-hour concierge
outdoor pool
fitness centers
yoga studio
on-site professional management
private balcony
Building Details
Building Size
575 SF
Year Built
1959
Listing Agency:
Keller Williams Capital Properties
Listed By:
Terinee Bonds · License #SP98374639
(202) 997-9238
Source:
Kwcapitalproperties
Added: May 4
Changed: Oct 25
Last Checked: Oct 28 at 2:44PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This 575-square-foot studio condominium at Potomac Place Towers offers a private balcony, substantial closet space, and a floor plan that can accommodate separate living, sleeping, and dining zones. The property was built in 1959 and operates as a full-service condominium with on-site professional management. Condominium fees cover all utilities except cable and internet.
Resident amenities include a 24-hour concierge, outdoor pool, fitness centers, and yoga studio. The building is positioned near The Wharf, the National Mall, museums, shopping, dining, waterfront parks, and the Waterfront and L'Enfant Plaza Metro stations. Its Southwest DC location supports use as a residence, pied-à-terre, or income property, as identified in the property information.
Resident amenities include a 24-hour concierge, outdoor pool, fitness centers, and yoga studio. The building is positioned near The Wharf, the National Mall, museums, shopping, dining, waterfront parks, and the Waterfront and L'Enfant Plaza Metro stations. Its Southwest DC location supports use as a residence, pied-à-terre, or income property, as identified in the property information.
Key Highlights
- 575 sq. ft. studio condominium with private balcony
- Flexible layout supports distinct living, sleeping, and dining areas
- Generous closet space uncommon for a studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,554
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,080
$191.1K
Cap Rate 7%
$136,486
$136.5K
Cap Rate 9%
$106,156
$106.2K
Market Conditions
NOI Build-Up for 575 SF
Gross rent
$18.3K $31.80/SF
− Vacancy
−$914 −$1.59/SF
EGI
$17.4K $30.21/SF
− OpEx
−$7.8K −$13.59/SF
NOI
$9.6K $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%
$191,080
Cap Rate 7%
$136,486
Cap Rate 9%
$106,156
Alternative Uses
Best Use
Apartment 5plus
$136.5K
$119.4K – $159.2K
NOI $9,554 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.8K
$258.8K – $345.1K
NOI $20,703 @ 7.0% cap · market cap 13.80%
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
3,158
Businesses Nearby
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Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Full-service studio condominium with flexible living areas, extensive storage, and resident amenities in Southwest DC.
Where is this residential income property located?
The property is located at 800 4TH STREET SW Unit N322 Washington, DC.
What is the asking price?
The asking price for this property is $149,999.
What are key features of this property?
This property features: 575 sq. ft. studio condominium with private balcony; Flexible layout supports distinct living, sleeping, and dining areas; Generous closet space uncommon for a studio
