Updated Studio
For Sale
$289,999
922 24TH STREET NW Unit 713, Washington, DC 20037
The open-plan residence includes utilities and refreshed interior finishes.
Property Size518 SF
Price / SF$559.84
Days on Market157
Property Features for 922 24TH STREET NW Unit 713
General Information
Standard status
Active
Size
518 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Foggy Bottom
Public Transit
Yes
Units
Unit Mix
studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,021
Building Details
Building Size
518 SF
Year Built
1962
Listing Agency:
Fairfax Realty Select
Listed By:
Tina Alvi · License #0225240041
(703) 559-5255
Source:
Kartaproperties
Added: May 27
Changed: Oct 26
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 Fairfax Realty Select
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Investment Insights
Based on property information with market context.
This 518-square-foot studio residence features an open floor plan, updated flooring and finishes, and large windows. The kitchen and living areas share one connected space. Utilities are included. The building dates to 1962.
The property is in Washington, DC, with access to Georgetown, Foggy Bottom, George Washington University, Metro service, restaurants, shopping, and major commuter routes.
The property is in Washington, DC, with access to Georgetown, Foggy Bottom, George Washington University, Metro service, restaurants, shopping, and major commuter routes.
Key Highlights
- 518‑square‑foot studio residence
- Utilities included
- Updated flooring and interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,607
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,140
$172.1K
Cap Rate 7%
$122,957
$123.0K
Cap Rate 9%
$95,633
$95.6K
Market Conditions
NOI Build-Up for 518 SF
Gross rent
$16.5K $31.80/SF
− Vacancy
−$824 −$1.59/SF
EGI
$15.6K $30.21/SF
− OpEx
−$7.0K −$13.59/SF
NOI
$8.6K $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%
$172,140
Cap Rate 7%
$122,957
Cap Rate 9%
$95,633
Alternative Uses
Best Use
Apartment 5plus
$123.0K
$107.6K – $143.5K
NOI $8,607 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.4K
$233.1K – $310.9K
NOI $18,651 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
17,858
Businesses Nearby
Explore this area
Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The open-plan residence includes utilities and refreshed interior finishes.
Where is this residential income property located?
The property is located at 922 24TH STREET NW Unit 713 Washington, DC.
What is the asking price?
The asking price for this property is $289,999.
What are key features of this property?
This property features: 518‑square‑foot studio residence; Utilities included; Updated flooring and interior finishes
