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760 GRESHAM PLACE NW
About This Property
Location & Amenities:
- Connectivity: Less than a half-mile from two Metro stations, providing instant access across the city.
- Vibrant Neighborhood: Steps away from the U Street Corridor and Howard University.
- Local Favorites: Within blocks of acclaimed restaurants such as Whole Foods, Saint Vincent, Tamashaa, Fraiche, and The Coupe. The property is also near essential community resources including Banneker Pool, tennis courts, a track, and basketball courts.
With two fully separate units, this property offers superior flexibility. An owner-occupant could choose to live or rent either the well-appointed 1-bedroom residence-which recently rented for $2,500 per month- or the spacious 4-bedroom, 3.5-bath upper unit, which previously rented for $5,000 per month, generates significant income to offset mortgage payments. This is an ideal scenario for long-term value in a dynamic urban core.
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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 |
|---|---|---|---|
| May 28, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Engel & Volkers Washington, DC | $899,000 | |
| Listed by Engel & Volkers Washington, DC | |||
Property Highlights
Building Info
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About Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017