Two-Bedroom Residential
For Sale
$639,000
822 7TH STREET NE Unit 2, Washington, DC 20002
An open living and dining area connects to a dedicated office nook, private deck, and kitchen with a breakfast bar.
Property Size1,093 SF
Price / SF$580.91
Days on Market14
Property Features for 822 7TH STREET NE Unit 2
General Information
Standard status
Active
Size
1,093 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$145
Taxes and HOA fees
Annual Taxes
$4,329
Amenities
private deck
in-unit washer/dryer
Building Details
Building Size
1,093 SF
Year Built
1947
Listing Agency:
Compass
Listed By:
David A Abrams · License #SP98370878
(202) 716-0660
Source:
Barnesrealestatecompany
Added: Sep 23
Changed: Oct 3
Last Checked: Oct 5 at 11:19PM
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 Compass
Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom condominium spans approximately 1,100 square feet in a two-unit building constructed in 1947. Its open living and dining area includes a dedicated office nook, bay window, and large casement windows. High ceilings add to the room’s spacious feel. The kitchen has granite countertops, a breakfast bar, stainless steel appliances, and gas cooking. The primary suite includes a bathroom with a clawfoot tub and a stackable washer and dryer. A second bedroom and renovated hall bathroom with a soaking tub and subway tile complete the interior. The unit also has a private composite deck and one off-street parking space.
H Street-area destinations include Solid State Books, Tapori, The Little Grand, and Dolcezza. Whole Foods and Starbucks are within a block. Other nearby spots named include Lost Sock, Sidamo, Maketto, Copycat Co., Bullfrog’s H Street food truck, and Henceforth.
H Street-area destinations include Solid State Books, Tapori, The Little Grand, and Dolcezza. Whole Foods and Starbucks are within a block. Other nearby spots named include Lost Sock, Sidamo, Maketto, Copycat Co., Bullfrog’s H Street food truck, and Henceforth.
Key Highlights
- Two‑bedroom, two‑bathroom condominium with approximately 1,100 square feet
- Located in a two‑unit building constructed in 1947
- Private composite deck and one off‑street parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,727
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,540
$374.5K
Cap Rate 7%
$267,529
$267.5K
Cap Rate 9%
$208,078
$208.1K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$36.3K $33.00/SF
− Vacancy
−$2.3K −$2.05/SF
EGI
$34.0K $30.95/SF
− OpEx
−$15.3K −$13.93/SF
NOI
$18.7K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,540
Cap Rate 7%
$267,529
Cap Rate 9%
$208,078
Alternative Uses
Best Use
Apartment 5plus
$267.5K
$234.1K – $312.1K
NOI $18,727 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$567.9K
$496.9K – $662.6K
NOI $39,755 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,201
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open living and dining area connects to a dedicated office nook, private deck, and kitchen with a breakfast bar.
Where is this residential income property located?
The property is located at 822 7TH STREET NE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium with approximately 1,100 square feet; Located in a two‑unit building constructed in 1947; Private composite deck and one off‑street parking space
