5040 1st St NW #201

Washington, DC 20011

$275,000

Property Highlights

  • 1-Bedroom NW Residence
  • 1937 Historic Building
  • Petworth Location NW
  • Close to Red Line
  • 598 Sq Ft Layout
  • Accessible Entry Price
MLS ID
DCDC401506
Parking
Year Built
1937
HOA Fee

Property Details

Price: $275,000

1 Bed

1 Bath

598 Sq Ft

Year Built: 1937

Price: $275,000

1 Bed

1 Bath

598 Sq Ft

Year Built: 1937

Executive Summary

5040 1st St NW #201 is a one-bedroom, one-bath residence in a character-rich 1937 building in the Petworth neighborhood of NW Washington. At 598 square feet, the residence offers a manageable footprint with the structural integrity and architectural detail common to pre-war DC construction. Priced at 275,000, it represents a measured entry point into a well-established NW corridor with convenient access to the Red Line and the commercial activity along Georgia Avenue.

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5040 1st St NW #201, Washington DC 20011

Pre-War Character in Petworth NW

The residence at 5040 1st St NW #201 occupies the second floor of a 1937 building in Petworth, one of NW Washington’s most historically rooted neighborhoods. The building’s pre-war construction brings with it the proportional rooms and durable materials characteristic of that era.

At 598 square feet, the one-bedroom layout is efficiently scaled for a single occupant or those seeking a low-maintenance DC foothold. The residence is priced at 275,000, positioning it as one of the more accessible ownership opportunities in this part of NW.

Petworth’s 1st Street corridor sits within easy reach of the Georgia Avenue-Petworth Metro station on the Green and Yellow lines, connecting residents directly to downtown DC and points south. Local cafes, neighborhood groceries, and parks are woven into the surrounding blocks.

For buyers evaluating the NW market, this residence offers the combination of historic building character, a walkable neighborhood setting, and a price point that remains competitive relative to comparable one-bedroom condos in the broader NW corridor.

The Building
Built in 1937, the building at 5040 1st St NW carries the architectural character of pre-war DC construction. Residences in buildings of this era typically feature solid masonry construction, higher ceilings relative to post-war stock, and a sense of permanence that newer buildings rarely replicate.
The Residence
Unit 201 is a one-bedroom, one-bath residence spanning 598 square feet on the second floor. The layout is straightforward and efficiently organized, suited to buyers who prioritize location and building character over square footage.
The Neighborhood
Petworth is a well-established NW neighborhood with a strong residential identity and a commercial corridor anchored by Georgia Avenue. The Georgia Avenue-Petworth Metro station provides direct Green and Yellow line access, and the surrounding blocks offer a range of local dining, coffee, and daily retail options.
The Opportunity
At 275,000, this residence sits at a competitive price point for a one-bedroom condo in NW Washington. Buyers entering the DC condo market will find few opportunities at this price in a building with genuine pre-war character and Metro proximity.

At a Glance

  • 1 Bedroom / 1 Bath
  • 598 Square Feet
  • Built 1937
  • Second Floor
  • Petworth NW
  • Green + Yellow Line Access
  • Asking 275,000
Reach out for details
All information believed accurate; buyers should independently verify square footage, HOA terms, and all material facts.
Property Features

Pre-War Construction. Petworth Address. Accessible Price.

Unit 201 at 5040 1st St NW combines the structural character of a 1937 building with a straightforward one-bedroom layout and a price point that remains competitive in the NW Washington condo market. The residence is suited to buyers who value building age, neighborhood rootedness, and Metro proximity.

Interior

  • 598 square feet of living space
  • One-bedroom layout on the second floor
  • Pre-war construction with characteristic proportions
  • Built 1937

Kitchen

  • Kitchen included in the one-bedroom layout
  • Functional configuration suited to the residence's scale

Primary Bedroom

  • One full bedroom in a defined layout
  • Separate from main living area
  • Characteristic of pre-war DC residential construction

Outdoor and Building

  • Second-floor position in a 1937 masonry building
  • HOA coverage included (details to be verified)
  • Petworth NW address with Georgia Avenue corridor access

What Sets This Apart

  • 1937 pre-war construction distinguishes this from newer NW condo inventory
  • Second-floor position in a low-rise masonry building
  • Petworth address with direct Green and Yellow line Metro access
  • One of the more accessible price points for a one-bedroom condo in NW DC
  • Compact layout suited to buyers prioritizing location over square footage
Discuss this residence
Information believed accurate but not guaranteed; buyers should independently verify all material facts including HOA terms.

Neighborhood & Lifestyle

Life Within Reach

A snapshot of everyday conveniences, destinations and experiences just moments from your door.   

Neighborhood & Lifestyle

Life Within Reach

A snapshot of everyday conveniences, destinations and experiences just moments from your door.   

Transit Access
  • Georgia Avenue-Petworth Metro station nearby (Green and Yellow lines)
  • Multiple Metrobus routes along Georgia Avenue NW
  • Bicycle infrastructure on neighborhood streets
  • Direct downtown DC access via Green Line
Dining and Coffee
  • Upshur Street NW dining corridor within the neighborhood
  • Local cafes and coffee shops along Georgia Avenue
  • Neighborhood bars and casual dining nearby
  • Columbia Heights dining options a short Metro ride south
Groceries and Retail
  • Neighborhood grocery options along Georgia Avenue NW
  • Pharmacies and convenience retail nearby
  • Local hardware and home goods within the corridor
  • Farmers market options in the broader Petworth area
Parks and Services
  • Petworth Recreation Center and park nearby
  • Neighborhood green space and walking paths
  • DC Public Library branches accessible in the area
  • Community-serving retail and services along 1st Street NW

Property Location

About 5040 1st St NW #201

The residence at 5040 1st St NW #201 is a second-floor, one-bedroom condo in a 1937 building in Petworth NW. At 598 square feet, the layout is compact and well-defined, with the proportional rooms typical of pre-war DC construction. The building’s age and masonry construction distinguish it from the area’s newer condominium stock.

Petworth is one of NW Washington’s most established residential neighborhoods, defined by its grid of early-twentieth-century row houses and a commercial spine along Georgia Avenue. The Georgia Avenue-Petworth Metro station, on the Green and Yellow lines, anchors transit access for the area. Local cafes, neighborhood groceries, and Upshur Street’s dining corridor are all within the surrounding blocks.

Day-to-day life in Petworth centers on walkable access to neighborhood retail, parks, and the Georgia Avenue corridor. The Metro connection places downtown DC, Columbia Heights, and U Street within a short ride. For buyers who value a rooted NW neighborhood with genuine transit access, Petworth offers a grounded alternative to higher-priced corridors to the south.

A Wardman team member and the Wardman Residential team at Compass have worked extensively with buyers evaluating NW Washington condos, including the Petworth and Georgia Avenue corridor. We understand the nuances of pre-war condo buildings in DC, from HOA structure to resale dynamics, and can provide relevant comparables for one-bedroom residences in this submarket. If you are considering a condo purchase in Petworth or the broader NW market, reach out and we will share our current perspective on pricing and availability.

Frequently Asked Questions About This Property

Key details about the residence, building, and location to help you evaluate this opportunity.

The building at 5040 1st St NW was constructed in 1937, placing it among DC’s pre-war residential stock. Buildings of this era typically feature masonry construction, more substantial wall thickness, and proportional rooms that differ meaningfully from post-war or contemporary condo buildings. That character is difficult to replicate in newer construction.
The input data indicates HOA coverage is included, though the specific line items have not been detailed here. Buyers should request the full HOA disclosure package, which will outline what is covered, the monthly fee amount, reserve fund status, and any pending assessments. A Wardman team member can assist in reviewing those documents.
The Georgia Avenue-Petworth Metro station, serving the Green and Yellow lines, is close to this address and provides direct access to downtown DC, Columbia Heights, U Street, and points south. Multiple Metrobus routes along Georgia Avenue supplement rail access for trips across the broader city.
Parking details were not specified in the available property data. Buyers should confirm directly whether a dedicated parking space is included, available for purchase, or whether street parking is the primary option. This is an important point to clarify before making an offer.
At 275,000, this residence is positioned at the lower end of the NW Washington one-bedroom condo market, where prices in established neighborhoods frequently exceed this figure. The combination of a pre-war building, Petworth address, and Metro proximity at this price point is relatively uncommon in the current NW inventory.
The blocks surrounding 5040 1st St NW are primarily residential, characterized by early-twentieth-century row houses and a walkable street grid. Georgia Avenue serves as the commercial spine, with cafes, retail, and services. Upshur Street NW is known for its concentration of neighborhood dining and bars.
Pre-war condo buildings in DC often have smaller HOA budgets and older building systems, so a thorough review of the HOA financials and reserve fund is essential. Buyers should also commission a professional inspection to assess the condition of plumbing, electrical, and HVAC systems, which may differ from standards in newer construction.
A Wardman team member can provide recent comparable sales for one-bedroom condos in Petworth and the surrounding NW corridor, helping buyers contextualize the asking price. The team can also assist with HOA document review, inspection coordination, and offer strategy. Reach out directly to begin the conversation.

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Charles Cornell, Realtor

Charles Cornell