Residential Income Property with
For Sale
$349,900
936 MADISON STREET NW Unit 201, Washington, DC 20011
The three-bedroom, two-bath residence has an open layout, updated kitchen, and natural light from skylights.
Property Size1,024 SF
Price / SF$341.70
Days on Market42
Property Features for 936 MADISON STREET NW Unit 201
General Information
Standard status
Active
Size
1,024 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Brightwood Park
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,311
Building Details
Building Size
1,024 SF
Year Built
1923
Listing Agency:
Real Broker, LLC
Listed By:
Warren Chang · License #SP40004383
(951) 505-5555
Source:
Canopy-re
Added: Sep 18
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1,024-square-foot condominium in a 1923 building has three bedrooms and two full bathrooms. Its open-concept living area features high ceilings and skylights. The updated kitchen includes maple cabinets, granite countertops, and stainless-steel appliances. Ceiling fans are installed in each bedroom, and architectural details add character throughout the residence.
The property is in Northwest Washington, with public transportation, shops, restaurants, parks, and daily conveniences in the surrounding area.
The property is in Northwest Washington, with public transportation, shops, restaurants, parks, and daily conveniences in the surrounding area.
Key Highlights
- Three bedrooms and two full bathrooms
- 1,024 square feet in a building constructed in 1923
- Open‑concept living area with high ceilings and skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,298
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,960
$326.0K
Cap Rate 7%
$232,829
$232.8K
Cap Rate 9%
$181,089
$181.1K
Market Conditions
NOI Build-Up for 1,024 SF
Gross rent
$31.5K $30.72/SF
− Vacancy
−$1.8K −$1.78/SF
EGI
$29.6K $28.94/SF
− OpEx
−$13.3K −$13.02/SF
NOI
$16.3K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,960
Cap Rate 7%
$232,829
Cap Rate 9%
$181,089
Alternative Uses
Best Use
Apartment 5plus
$232.8K
$203.7K – $271.6K
NOI $16,298 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$528.7K
$462.6K – $616.8K
NOI $37,009 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
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Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom, two-bath residence has an open layout, updated kitchen, and natural light from skylights.
Where is this residential income property located?
The property is located at 936 MADISON STREET NW Unit 201 Washington, DC.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms; 1,024 square feet in a building constructed in 1923; Open‑concept living area with high ceilings and skylights
