2237 S NE
About This Property
Situated next to the prestigious US National Arboretum, nature enthusiasts will appreciate the breathtaking beauty . Imagine leisurely strolls amidst blooming gardens, vibrant foliage, and tranquil paths just steps from your doorway. This Arboretum neighborhood has recently undergone exciting transformations making it an even more desirable place to live. For those seeking an active lifestyle, the newly improved DC Recreation Center in the neighborhood provides a wealth of options. Stay fit and healthy with access to a business center, indoor and outdoor basketball courts, tennis courts, a workout area, and several playgrounds.
You can also look forward to the renowned Douglas Developments' New City DC, a large-scale retail, restaurant, and residential development, which will be conveniently located just down the street.
With its prime location, you'll enjoy proximity to the thriving H St NE corridor and Ivy City. Explore an array of trendy shops, acclaimed dining establishments, and vibrant nightlife options.
Don't miss out on this once-in-a-lifetime opportunity to own a piece of paradise in Washington DC. The Pink Palace is waiting for its new owner to write the next chapter of its story. Sold as-is, this cherished home is ready for you to make it your own.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2023 | Sold | ||
| Sold | |||
| May 23, 2023 | In contract | - | |
| In contract | |||
| May 11, 2023 | Listed by RLAH @properties | $550,000 | |
| Listed by RLAH @properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017