Property profile

424 Condon SE Ter Washington, DC 20032

OFF-MARKET
Apartment buildings
Property ID
US16-0011588
3,246 SF 0.08 ac lot Built 1950
Entity Owned 15-yr Hold
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1950
Construction BRICK
Total area 3,246 SF
Lot 0.08 ac (3,440 SF)
Zoning code R-3
APN 6154 0815
UPID US16-0011588

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

424 Condon SE Ter Washington, DC 20032-3718
Washington metro Census 9801 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$830k
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2011
6 recorded transactions
2019
Price N/A
2011
$245,000
2010
$70,000
2010
$60,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-3 · Washington, DC
Zoning description

PLANNED UNIT DEVELOPMENT 506 SPECIAL EXCEPTION REVIEW CRITERIA 507 SIDE YARD 508 PERVIOUS SURFACE 509 TREE PROTECTION 510 [REPEALED] 511 USE PERMISSIONS CHAPTER 6 NAVAL OBSERVATORY RESIDENTIAL HOUSE ZONES - R-1B/NO AND R…

General category RESIDENTIAL
Top alternative use upside
Warehouse, storage $1.0M +24.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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