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723 GRESHAM PLACE NW
About This Property
A welcoming front porch and dual door entry lead into a bright and inviting main level. Large windows highlight the refinished wood floors, original millwork and plaster moldings, and decorative fireplace-creating a warm space to relax or entertain. The spacious dining room flows seamlessly into the kitchen, which opens directly to a private, fenced backyard-perfect for grilling, gardening, or outdoor gatherings.
Upstairs, you'll find three well-proportioned bedrooms and a full bath. The finished lower level offers exceptional flexibility with an additional full bath ideal for a media room, home office, guest suite, or gym.
Enjoy easy access to Columbia Heights and Park View favorites, multiple parks and playgrounds, seasonal farmers' markets, and effortless connectivity to downtown.
3 bedrooms
2.5 bathrooms
Ductless AC/Heat (New 2025)
Finished basement
Refinished wood floors
Private fenced backyard
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 2, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | In contract | - | |
| In contract | |||
| Nov 11, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $649,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Property Highlights
Building Info
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Price/ft²
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About Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017