922 24th St NW #313 · Washington, DC 20037

$225,000

1 bd · 1.0 ba · 518 sqft · Condo public records · 355 Days on market

Built 1962 $755/mo HOA · 30% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +8.9/30.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Appreciation +4.0/10.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Foggy Bottom opportunity! To be here in amazing location near GWU, Med, School, Whole Foods, Trader Joes, World Bank IMF and more! Beautifully light-filled, east-facing studio. Panoramic wall of windows overlooking 24th St. Beautiful parquet floors. Partition wall divides sleeping, living areas. 1/2 block metro! Condo fee includes all utilities! 24 hr front desk, on-site laundry and pool!

Key facts

• $755 HOA
• Community pool
• Built 1962

Property features AI

Finance

• Other: Property manager present; Ownership interest: Condominium
• HOA & community: Monthly condo fee of $755; Association managed professionally (on-site and off-site); Condo fee covers air conditioning, common area maintenance, electricity, exterior building maintenance, gas, heat, lawn maintenance, management, pest control, pool(s), reserve funds, sewer, snow removal, trash, and water; Community amenities include outdoor pool

Exterior

• Parking: On-street parking; On-site parking (rent)
• Utilities: Public water; Public sewer; Municipal trash not provided
• Home design: Condominium unit in a high-rise (9+ floors); Unit/flat; West-facing main entrance; Building named JEFFERSON HOUSE; Property condition: Very good
• Construction: Built of brick and combination materials; Above- and below-grade structures
• Exterior features: Community outdoor pool; Not in a federal flood zone; Entry on floor 3

Interior

• Bedrooms: One bedroom on the main level
• Flooring: Hardwood floors; Ceramic tile floors
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Natural gas hot water
• Interior features: Elevator access; Not furnished; Unit has one floor; No basement
• Laundry & utility: Shared/common laundry (not in-unit)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $225k.

Deal economics

• At list price, monthly cash flow is $-179 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $193k (14.1% below list).
• Meets the 1% rule at list price ($3k rent vs $225k).
• Recommended offer: $193k (14.1% below list) — sets the bar for cash-flow.
• Cap rate 5.3% vs local median 2.5% in Washington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#1 in DC) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• District Of Columbia Public Schools (urban): math 33% / reading 40% proficiency, ranked #8 of 32 in DC (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: School Without Walls At Francis-Stevens (479 students, 0% FRL); Luke C. Moore Hs (211 students, 0% FRL) — zoned schools average 0% FRL vs 65% district-wide (65 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents flat; 156 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 9d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,737 units permitted in District of Columbia in 2024 (1,506 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• District of Columbia County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 355 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 28y ago; this cycle's ask has dropped $25k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 30% of rent.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,329 (14.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 355 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.14% ✓
• Cap rate: 5.34%
• Cash-on-cash: -3.41%
• DSCR: 0.85
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.97% appreciation · 0.18% rent growth · sell at horizon

5-year hold

• IRR: -18.8%
• Equity multiple: 0.29×
• Total profit: $-44,616
• Equity at exit: $44,057

10-year hold

• IRR: -18.2%
• Equity multiple: -0.12×
• Total profit: $-70,306
• Equity at exit: $37,993

Cash invested: $63,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State District of Columbia: 12 Strongly Tenant-Friendly · D+43
• County: — inherits STATE
• City Washington: 0 Strongly Tenant-Friendly · D+43

Rent Stabilization Program; TOPA gives tenants right of first refusal.

Methodology + full state rankings →

ZIP-level market 20037

• Home prices YoY: -0.7%
• Rents YoY: 0.2%
• Active inventory: 156
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,554 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$168 /mo · $2,021/yr
• Insurance: −$94
• HOA: −$755
• Vacancy / Maint / Mgmt: −$536
• Net cashflow: $-179

Break-even live

Break-even rent $2,781

Max offer price $193,329

Occupancy floor —

Sensitivity live

Price	-10% $-52	-5% $-116	+0% $-179	+5% $-243	+10% $-307
Rent	-10% $-381	-5% $-280	+0% $-179	+5% $-78	+10% $22
Rate	-1.0pp $-66	-0.5pp $-122	base $-179	+0.5pp $-238	+1.0pp $-297

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11 Snows Ct NW Washington, DC	2.0	1.0	700	$3,150	$4.50	26d	1	0.02mi
950 24th St NW #269 Washington, DC	1.0	1.0	635	$2,880	$4.54	26d	1	0.02mi
950 24th St NW Washington, DC	2.0	1.0	700	$3,442	$4.92	0d	1	0.02mi
922 24th St NW Washington, DC	—	1.0	527	$1,962	$3.72	26d	4	0.04mi
922 24th St NW Washington, DC	—	1.0	536	$1,900	$3.54	21d	3	0.04mi
922 24th St NW Washington, DC	—	1.0	439	$2,062	$4.70	12d	4	0.04mi
922 24th St NW Washington, DC	—	1.0	422	$2,062	$4.89	4d	3	0.04mi
2400 Pennsylvania Ave NW Washington, DC	1.0	1.0	446	$2,199	$4.92	0d	15	0.06mi
925 25th St NW Washington, DC	1.0	1.0	574	$2,448	$4.26	0d	19	0.06mi
2424 Pennsylvania Ave NW Washington, DC	—	1.0	550	$1,638	$2.98	26d	7	0.07mi
950 25th St NW Washington, DC	2.0	1.0	575	$2,500	$4.35	13d	4	0.09mi
950 25th St NW Washington, DC	2.0	1.0	575	$2,440	$4.24	20d	6	0.09mi
2431 I St NW Unit B Washington, DC	2.0	1.0	665	$3,700	$5.56	13d	1	0.09mi
940 25th St NW Washington, DC	2.0	1.0	572	$2,612	$4.56	16d	3	0.09mi
940 25th St NW Washington, DC	—	1.0	475	$1,900	$4.00	7d	2	0.09mi
1010 25th St NW Washington, DC	1.0	1.0	449	$2,075	$4.62	16d	2	0.11mi
1010 25th St NW #511 Washington, DC	1.0	1.0	547	$2,075	$3.79	14d	1	0.11mi
2515 K St NW #209 Washington, DC	1.0	1.0	581	$2,200	$3.79	0d	1	0.12mi
2514 K St NW Washington, DC	—	1.0	560	$2,220	$3.96	0d	2	0.12mi
825 New Hampshire Ave NW Washington, DC	2.0	1.0	719	$3,210	$4.46	3d	18	0.12mi
939 26th St NW Washington, DC	1.0	1.0	775	$2,195	$2.83	5d	4	0.13mi
955 26th St NW Washington, DC	—	1.0	549	$2,425	$4.41	4d	2	0.13mi
2221 I St NW Washington, DC	2.0	1.0–2.0	800	$4,550	$5.68	3d	16	0.15mi
2401 H St NW Washington, DC	1.0–2.0	1.0	758	$2,090	$2.76	0d	4	0.15mi
1001 26th St NW Washington, DC	1.0	1.0	699	$2,750	$3.93	9d	3	0.15mi
1001 26th St NW Washington, DC	1.0	1.0	734	$2,900	$3.95	4d	2	0.15mi
2201 K St NW #4 Washington, DC	1.0	1.0	580	$3,700	$6.38	26d	1	0.17mi
1121 24th St NW Washington, DC	1.0	1.0	390	$2,300	$5.90	6d	1	0.17mi
2525 Pennsylvania Ave NW #303 Washington, DC	1.0	1.0	602	$3,500	$5.81	9d	1	0.18mi
2201 L St NW Washington, DC	1.0	1.0	506	$2,995	$5.91	26d	2	0.20mi
1140 23rd St NW #707 Washington, DC	1.0	1.0	727	$2,500	$3.44	20d	1	0.20mi
1111 25th St NW #515 Washington, DC	1.0	1.0	710	$2,800	$3.94	21d	1	0.21mi
2201 L St NW #612 Washington, DC	—	1.0	475	$2,395	$5.04	6d	1	0.21mi
730 24th St NW Apt 709 Washington, DC	1.0	1.0	730	$2,495	$3.42	26d	1	0.21mi
2400 M St NW Washington, DC	3.0	1.0–3.0	972	$3,640	$3.74	0d	47	0.22mi
2141 I St NW Washington, DC	1.0	1.0	414	$2,750	$6.63	4d	5	0.22mi
2141 I St NW Washington, DC	1.0	1.0	442	$2,150	$4.86	19d	4	0.22mi
2140 L St NW Washington, DC	1.0–2.0	1.0–2.0	740	$2,650	$3.58	0d	13	0.23mi
1101 New Hampshire Ave NW Washington, DC	2.0	1.0–2.0	892	$3,800	$4.26	4d	23	0.25mi
2510 Virginia Ave NW Unit 606-N Washington, DC	—	1.0	580	$2,850	$4.91	21d	1	0.25mi

HOA detail condo

• Monthly dues: $755 · $9,060/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 38 events

1. 2026-06-21
   days on market $225,000 Active 355 DOM
2. 2026-06-18
   days on market $225,000 Active 352 DOM
3. 2026-06-17
   days on market $225,000 Active 351 DOM
4. 2026-06-16
   days on market $225,000 Active 350 DOM
5. 2026-06-15
   days on market $225,000 Active 349 DOM
6. 2026-06-13
   days on market $225,000 Active 347 DOM
7. 2026-06-09
   days on market $225,000 Active 343 DOM
8. 2026-06-08
   days on market $225,000 Active 342 DOM
9. 2026-06-07
   days on market $225,000 Active 341 DOM
10. 2026-06-04
    days on market $225,000 Active 338 DOM
11. 2026-06-03
    days on market $225,000 Active 337 DOM
12. 2026-06-02
    pricedays on market $225,000 Active 336 DOM
13. 2026-06-01
    days on market $239,900 Active 335 DOM
14. 2026-05-31
    days on market $239,900 Active 334 DOM
15. 2026-01-09
    price $239,900
16. 2026-01-05
    status Active
17. 2025-12-31
    historical
18. 2025-06-27
    listed $250,000 Active
19. 2025-06-26
    historical $250,000
20. 2016-09-08
    soldstatus $246,100
21. 2016-09-02
    soldstatus $246,100 391-char remark

    Show marketing remark (391 chars)

    Foggy Bottom opportunity! To be here in amazing location near GWU, Med, School, Whole Foods, Trader Joes, World Bank IMF and more! Beautifully light-filled, east-facing studio. Panoramic wall of windows overlooking 24th St. Beautiful parquet floors. Partition wall divides sleeping, living areas. 1/2 block metro! Condo fee includes all utilities! 24 hr front desk, on-site laundry and pool!

22. 2016-09-02
    soldstatus $246,100 Sold 391-char remark

    Show marketing remark (391 chars)

    Foggy Bottom opportunity! To be here in amazing location near GWU, Med, School, Whole Foods, Trader Joes, World Bank IMF and more! Beautifully light-filled, east-facing studio. Panoramic wall of windows overlooking 24th St. Beautiful parquet floors. Partition wall divides sleeping, living areas. 1/2 block metro! Condo fee includes all utilities! 24 hr front desk, on-site laundry and pool!

23. 2016-07-30
    status Contract 391-char remark

    Show marketing remark (391 chars)

    Foggy Bottom opportunity! To be here in amazing location near GWU, Med, School, Whole Foods, Trader Joes, World Bank IMF and more! Beautifully light-filled, east-facing studio. Panoramic wall of windows overlooking 24th St. Beautiful parquet floors. Partition wall divides sleeping, living areas. 1/2 block metro! Condo fee includes all utilities! 24 hr front desk, on-site laundry and pool!

24. 2016-07-22
    listed $245,000 Active 391-char remark

    Show marketing remark (391 chars)

    Foggy Bottom opportunity! To be here in amazing location near GWU, Med, School, Whole Foods, Trader Joes, World Bank IMF and more! Beautifully light-filled, east-facing studio. Panoramic wall of windows overlooking 24th St. Beautiful parquet floors. Partition wall divides sleeping, living areas. 1/2 block metro! Condo fee includes all utilities! 24 hr front desk, on-site laundry and pool!

25. 2006-08-22
    soldstatus $255,000
26. 2006-08-11
    soldstatus $255,000
27. 2006-07-08
    historical
28. 2006-06-16
    listed $264,900
29. 2001-12-31
    soldstatus $88,000
30. 2001-12-31
    listed $88,000
31. 2001-12-31
    historical
32. 2001-09-27
    soldstatus $88,000
33. 2001-05-29
    soldstatus $88,000
34. 1998-07-29
    soldstatus $51,000
35. 1998-07-24
    soldstatus $51,000
36. 1998-06-09
    historical
37. 1998-03-17
    listed $56,000
38. 1980-07-07
    soldstatus $34,829

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast DC · Partial reset (capped growth)

• Current annual tax: $2,021 · $168/mo
• Projected year-2 tax: $2,021 · $168/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,650
• − Mortgage interest: −$12,603
• − Property taxes: −$2,021
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,452
• − Management: −$2,452
• − HOA: −$9,060
• − Depreciation: −$6,545
• Taxable loss: −$5,609
• Est. tax savings @ 24.0%: +$1,346
• After-tax cash flow: $-805/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: District Of Columbia Public Schools
• NCES district ID: 1100030
• Math proficiency: 33% ▲ 3.00%
• Reading proficiency: 40% ▲ 5.00%
• Median HH income: $67,671
• Composite: 35.84/100
• National rank: #9606
• State rank: #8 of 32 in DC

Livability — Washington

• Score: 73/100
• State rank: #1
• US rank: #5327

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing C Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Washington, DC
• County: District of Columbia · 671,873 people
• City population: 671,873
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 13,156
• Household income: $111,153
• Rent vs Own: 68.3% rent · 31.7% own
• Severe rent burden: 1585.0

Population outlook (District of Columbia County) Hauer SSP2

• Today (2025): 821,926 people
• By 2030: 899,517 · +9.4%
• By 2040: 1,061,162 · +29.1%
• By 2050: 1,231,493 · +49.8%
• By 2075: 1,603,312 · +95.1%
• By 2100: 1,847,141 · +124.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 63% Hispanic / Latino 14% Two or more races 11% Asian 10% Black 8%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Romanian 5% Scotch-Irish 4% Lithuanian 3%
• Foreign-born: 27% · Canada, China, Jamaica
• Languages at home: 69% English-only · Spanish 10% Other Indo-European 5% Chinese 4%

Political lean MEDSL · District of Columbia

• 2024 margin: Solid D (+86.1) · D 91.2% · R 5.1% · Other 3.8%
• 2008→2024 swing: +0.1pp no change · 2008: 85.9pp · 2024: 86.1pp
• All cycles: 2024: D+86.1 2020: D+86.8 2016: D+88.7 2012: D+84.2 2008: D+85.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.97%
• Current HPI: 266.1652
• Rent YoY: ▲ 0.18%
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• State GDP YoY: ▲ 1.33%
• F500 in state: 6

Industry mix (Fortune 500 HQ in DC)

Industry	F500 HQs	Revenue
▸Financial Services	1	$153B
▸Life Sciences / Industrials	1	$25B
▸Industrial Machinery	1	$8B

Price history

+588.8% since first listed

24 events — show timeline

• 2026-01-09 Price Changed $239,900 BRIGHT MLS
• 2026-01-05 Relisted — BRIGHT MLS
• 2025-12-31 Listing Removed — BRIGHT MLS
• 2025-06-27 Listed $250,000 BRIGHT MLS
• 2025-06-26 Coming Soon $250,000 BRIGHT MLS
• 2016-09-08 Sold (Public Records) $246,100 Public Records
• 2016-09-02 Sold (MLS) $246,100 MRIS
• 2016-09-02 Sold (MLS) $246,100 BRIGHT MLS
• 2016-07-30 Pending — MRIS
• 2016-07-22 Listed $245,000 MRIS
• 2006-08-22 Sold (Public Records) $255,000 Public Records
• 2006-08-11 Sold (MLS) $255,000 MRIS
• 2006-07-08 Delisted — MRIS
• 2006-06-16 Listed $264,900 MRIS
• 2001-12-31 Listed $88,000 MRIS
• 2001-12-31 Sold (MLS) $88,000 MRIS
• 2001-12-31 Delisted — MRIS
• 2001-09-27 Sold (Public Records) $88,000 Public Records
• 2001-05-29 Sold (Public Records) $88,000 Public Records
• 1998-07-29 Sold (Public Records) $51,000 Public Records
• 1998-07-24 Sold (MLS) $51,000 MRIS
• 1998-06-09 Delisted — MRIS
• 1998-03-17 Listed $56,000 MRIS
• 1980-07-07 Sold (Public Records) $34,829 Public Records

Property tax history

+1.7%/yr

Latest (2025): $2,021 · -1.1% YoY. Source: county tax records.