Residential Income Property with
For Sale
$349,900
941 RANDOLPH STREET NW Unit B, Washington, DC 20011
The 749-square-foot unit includes in-unit laundry and a walk-in closet.
Property Size749 SF
Price / SF$467.16
Days on Market53
Property Features for 941 RANDOLPH STREET NW Unit B
General Information
Standard status
Active
Size
749 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,922
Amenities
in-unit laundry
Building Details
Building Size
749 SF
Year Built
1936
Listing Agency:
Compass
Listed By:
Zach Warren · License #SP40003610
(202) 255-0844
Source:
Jackrealtygroup
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 26 at 10:28AM
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
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Investment Insights
Based on property information with market context.
Located at 941 Randolph Street NW, Unit B, this residential income property is a one-bedroom condo with a den and 749 square feet. The kitchen has updated finishes, including new quartz countertops, and laundry is located inside the unit. The primary bedroom has a walk-in closet, and off-street parking is available at the rear.
The property was built in 1936. A Metro station and Safeway are within walking distance, along with restaurants and a Starbucks.
The property was built in 1936. A Metro station and Safeway are within walking distance, along with restaurants and a Starbucks.
Key Highlights
- 749‑square‑foot one‑bedroom condo with a den
- Updated kitchen with new quartz countertops
- In‑unit laundry and primary bedroom walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,921
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,420
$238.4K
Cap Rate 7%
$170,300
$170.3K
Cap Rate 9%
$132,456
$132.5K
Market Conditions
NOI Build-Up for 749 SF
Gross rent
$23.0K $30.72/SF
− Vacancy
−$1.3K −$1.78/SF
EGI
$21.7K $28.94/SF
− OpEx
−$9.8K −$13.02/SF
NOI
$11.9K $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%
$238,420
Cap Rate 7%
$170,300
Cap Rate 9%
$132,456
Alternative Uses
Best Use
Apartment 5plus
$170.3K
$149.0K – $198.7K
NOI $11,921 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.7K
$338.4K – $451.2K
NOI $27,070 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,354
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 749-square-foot unit includes in-unit laundry and a walk-in closet.
Where is this residential income property located?
The property is located at 941 RANDOLPH STREET NW Unit B 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: 749‑square‑foot one‑bedroom condo with a den; Updated kitchen with new quartz countertops; In‑unit laundry and primary bedroom walk‑in closet
