Urban Condos & Coops in the Washington Metro Area

The Washington DC metropolitan area has become increasingly urbanized over recent decades and that has meant an increase in condos and coops. The coop market actually came first in DC, dating back to 1891 and a grand apartment building named The Concord, which became a cooperative ownership through its tenants. It's worth taking a few moments to look at some definitions and comparisons as well as advantages and disadvantages when it comes to buying an urban condo or coop.

First, condominiums differ from single-family homes in that the unit itself is generally what is owned while common areas belong to the owners in total, usually through a formula that is determined through the condo rules and regulations. In a coop (co-op) or cooperative, the residents own shares in an organization that owns the building. The larger the unit, the more shares you own. The idea really comes from a cooperative effort, in which tenants work together for the common good of the building and its maintenance.

Urban Condos and Coops

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000 $500,000 - $600,000
$600,000 - $700,000 $700,000 - $800,000 $800,000 - $900,000
$900,000 - $1,000,000 Over $1,000,000
Price, High to Low
671 Properties Found. Page 1 of 45

2660 Connecticut Ave Nw #ph 3

WASHINGTON, DC
$8,095,000

MLS#: DCDC403384
3 Bed, 3½ Bath
4532 Sqft, 0.1 Acres
Residential

Photo of Listing #DCDC101346

3150 South St Nw #ph2d

WASHINGTON, DC
$6,900,000

MLS#: DCDC101346
4 Bed, 4½ Bath
4413 Sqft, 0.03 Acres
Residential

1155 23rd St Nw #ph3e

WASHINGTON, DC
$6,895,000

MLS#: DCDC365588
3 Bed, 5½ Bath
5112 Sqft, 0.02 Acres
Residential

Photo of Listing #1000397558

2660 Connecticut Ave Nw #7c

WASHINGTON, DC
$6,195,000

MLS#: 1000397558
3 Bed, 3½ Bath
4648 Sqft
Residential

2660 Connecticut Ave Nw #7b

WASHINGTON, DC
$5,995,000

MLS#: DCDC403362
2 Bed, 2½ Bath
4506 Sqft, 0.1 Acres
Residential

Photo of Listing #DCDC423230

1055 Wisconsin Ave Nw #2w

WASHINGTON, DC
$4,750,000

MLS#: DCDC423230
3 Bed, 3½ Bath
3446 Sqft, 0.03 Acres
Residential

3030 K St Nw #ph217

WASHINGTON, DC
$4,700,000

MLS#: DCDC443650
3 Bed, 3½ Bath
3700 Sqft
Residential

2029 Connecticut Ave Nw #71

WASHINGTON, DC
$4,500,000

MLS#: DCDC441334
5 Bed, 4 Bath
5400 Sqft, 0.04 Acres
Residential

Photo of Listing #DCDC426992

3329 Prospect St Nw #6

WASHINGTON, DC
$4,250,000

MLS#: DCDC426992
4 Bed, 3½ Bath
4550 Sqft, 0.07 Acres
Residential

Photo of Listing #1000343382

2660 Connecticut Ave Nw #6c

WASHINGTON, DC
$3,995,000

MLS#: 1000343382
3 Bed, 3½ Bath
3123 Sqft
Residential

1155 23rd St Nw #ph2e

WASHINGTON, DC
$3,995,000

MLS#: DCDC443660
3 Bed, 3½ Bath
4008 Sqft, 0.01 Acres
Residential

2339 Massachusetts Ave Nw #4

WASHINGTON, DC
$3,795,000

MLS#: DCDC443944
3 Bed, 3½ Bath
4400 Sqft, 0.13 Acres
Residential

Photo of Listing #DCDC435338

2660 Connecticut Ave Nw #6d

WASHINGTON, DC
$3,445,000

MLS#: DCDC435338
3 Bed, 3½ Bath
3123 Sqft
Residential

45 Sutton Sq Sw #408

WASHINGTON, DC
$3,198,000

MLS#: DCDC440720
3 Bed, 3½ Bath
2507 Sqft
Residential

2660 Connecticut Ave Nw #3c

WASHINGTON, DC
$3,195,000

MLS#: DCDC309966
2 Bed, 2½ Bath
3139 Sqft, 0.07 Acres
Residential

While DC coops have been around longer, condominiums quickly gained in popularity after their inception in the mid-1950's. Today, condo sales greatly outnumber coops for the simple reason that buyers like the idea of owning something more tangible than shares. There's advantages to the cooperative way of thinking however. For one, coops cost less on the open market and monthly fees can also be less. Cooperatives are often configured as non-profits which can differ from developers who retain an ownership position in a condo building as well as a controlling voice in the condo association.

There is also the matter of longstanding tradition. Some of DC's best known apartment addresses have been cooperatives for years – a prime example being the Watergate, or River Place in Arlington. On the other hand, don't expect to find a lot of trendy new lofts and mixed-use projects that are going coop – developers are in the real estate business because it is a business. Of course, there are always exceptions. The Capitol Hill Tower is a rare example of a new cooperative. Even if you do find a coop that you fall in love with, you'll still have to get approval of the board before buying in. Getting financed by a lender can also be tricky.

Ultimately, when it comes to shopping for urban condos and coops in the DC metro area, one path offers the least resistance and the most choices – condos. You'll find a lot more listings and a lot more in the way of location. If you have your heart set on a particular neighborhood, you might not have a choice at all. However, if the idea of cooperative living appeals to you and you're willing to put in the legwork, you just might find some appealing and cost-effective alternatives to typical ownership.

 

 

 

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on October 17th, 2019 at 6:03am EDT.