Residential
For Sale
$469,000
929 FLORIDA AVENUE NW Unit 8001, Washington, DC 20001
The condo is near dining, grocery stores, fitness studios, parks, and public transportation.
Property Size880 SF
Price / SF$532.95
Days on Market166
Property Features for 929 FLORIDA AVENUE NW Unit 8001
General Information
Standard status
Active
Size
880 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
U Street
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,527
Building Details
Building Size
880 SF
Year Built
2006
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Christine Armintrout · License #SP98375184
(571) 271-1670
Source:
Canopy-re
Added: May 18
Changed: Oct 26
Last Checked: Oct 26 at 2:38PM
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 Coldwell Banker Realty - Washington
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 880-square-foot condominium was built in 2006 and is located at 929 Florida Avenue NW in Washington, DC. The residence offers a place to live within reach of neighborhood services and leisure destinations.
Restaurants, cafes, grocery stores, fitness studios, parks, and entertainment options are nearby. Major roadways and public transportation provide additional connections around the city.
Restaurants, cafes, grocery stores, fitness studios, parks, and entertainment options are nearby. Major roadways and public transportation provide additional connections around the city.
Key Highlights
- 880‑square‑foot condominium
- Built in 2006
- Near restaurants, cafes, grocery stores, fitness studios, parks, and entertainment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,622
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,440
$292.4K
Cap Rate 7%
$208,886
$208.9K
Cap Rate 9%
$162,467
$162.5K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$28.0K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.6K $30.21/SF
− OpEx
−$12.0K −$13.59/SF
NOI
$14.6K $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%
$292,440
Cap Rate 7%
$208,886
Cap Rate 9%
$162,467
Alternative Uses
Best Use
Apartment 5plus
$208.9K
$182.8K – $243.7K
NOI $14,622 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.6K
$396.1K – $528.1K
NOI $31,685 @ 7.0% cap · market cap 6.76%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,682
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo is near dining, grocery stores, fitness studios, parks, and public transportation.
Where is this residential income property located?
The property is located at 929 FLORIDA AVENUE NW Unit 8001 Washington, DC.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 880‑square‑foot condominium; Built in 2006; Near restaurants, cafes, grocery stores, fitness studios, parks, and entertainment
