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2939 VAN NESS ST NW #508
About This Property
This 751 SF condo, distinguished by its unique 9ft ceilings, offers an open floor plan with oversized windows that bathe the apartment with an abundance of natural light. The generously sized bedroom boasts a wall of closets, providing ample storage space.
The entire condo has been freshly painted. No need to worry about parking as this unit includes one separately deeded, assigned outdoor parking space.
Van Ness East is an amenity-rich, full-service building featuring 24/7 front desk and concierge services, on-site management, fitness center, 2 outdoor pools, library, bike room, extra storage, social room, solar panels to help reduce utility costs and on-site composting. Condo fee includes all utilities except cable and internet. Cats only.
Direct underground access to the nearby Giant grocery store. Located just two blocks from the Van Ness Metro. with easy access to restaurants, shopping, hiking trails, and more, making this an ideal location for those seeking both convenience and tranquility. Neighborhood favorites include UDC Farmer's Market (summer only), Bread Furst, Calvert Woodley, Rosedale, Thai Pad, Sfoglina, Pho 79 and Shemalis. Coming soon: MOM's Organic Market,The Whale Tea and Dog Haus.
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Cap Rate Calculator
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.
Property Highlights
Building Info
- 3 Units for Sale

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