Two-Bedroom Residential Income
For Sale
$450,000
921 BUTTERNUT STREET NW Unit 201, Washington, DC 20012
The condo includes in-unit laundry, hardwood flooring, and a kitchen with granite counters and stainless steel appliances.
Property Size818 SF
Price / SF$550.12
Days on Market71
Property Features for 921 BUTTERNUT STREET NW Unit 201
General Information
Standard status
Active
Size
818 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,882
Amenities
in-unit washer/dryer
Building Details
Building Size
818 SF
Year Built
1925
Year Renovated
2013
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Troy Patterson · License #SP98365808
(202) 487-9166
Source:
Jackrealtygroup
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 26 at 2:26PM
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 TTR Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the AV12 Condominium, this 818-square-foot residence has two bedrooms and two full bathrooms. Renovated in 2013, the unit features hardwood floors, granite countertops, stainless steel appliances, and a washer and dryer.
The property is across from the Parks at Walter Reed, where Whole Foods anchors a retail marketplace. Georgia Avenue is nearby, and Takoma Metro station is approximately a half-mile away, about a 12-minute walk. Bus service connects the area with downtown DC and Downtown Silver Spring.
The property is across from the Parks at Walter Reed, where Whole Foods anchors a retail marketplace. Georgia Avenue is nearby, and Takoma Metro station is approximately a half-mile away, about a 12-minute walk. Bus service connects the area with downtown DC and Downtown Silver Spring.
Key Highlights
- 818‑square‑foot condominium residence
- Two bedrooms and two full bathrooms
- Renovated in 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,591
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,820
$271.8K
Cap Rate 7%
$194,157
$194.2K
Cap Rate 9%
$151,011
$151.0K
Market Conditions
NOI Build-Up for 818 SF
Gross rent
$26.0K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$24.7K $30.21/SF
− OpEx
−$11.1K −$13.59/SF
NOI
$13.6K $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%
$271,820
Cap Rate 7%
$194,157
Cap Rate 9%
$151,011
Alternative Uses
Best Use
Apartment 5plus
$194.2K
$169.9K – $226.5K
NOI $13,591 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$420.8K
$368.2K – $490.9K
NOI $29,453 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,844
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes in-unit laundry, hardwood flooring, and a kitchen with granite counters and stainless steel appliances.
Where is this residential income property located?
The property is located at 921 BUTTERNUT STREET NW Unit 201 Washington, DC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 818‑square‑foot condominium residence; Two bedrooms and two full bathrooms; Renovated in 2013
