Columbia Heights Mixed-Use
1500 OGDEN Street NW Washington, DC 20010
1500 OGDEN Street NW, Washington, DC, 20010
$1,580,000
For Sale
$1,580,000
MULTI_FAMILY - Contemporary - WASHINGTON, DC
Property Size3,500 SF
Lot Size0.05 Acres
Price / SF$451.43
Days on Market72
Property Features for 1500 OGDEN Street NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9831
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1922
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Contemporary
Listing agency
Fairfax Realty
(703) 766-2710
Listed by
Kevin B Shin · License #0225069693
(703) 395-3123
Added: May 11 Updated: Jun 9 at 11:50AM Checked: Jul 21 at 9:06AM
MLS# DCDC2261184
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Columbia Heights neighborhood of Washington, DC, this mixed-use property at 1500 Ogden St NW presents an investment opportunity. The property features one retail/convenience store unit and two vacant residential apartment units. Each apartment includes three bedrooms and three bathrooms, with unit sizes ranging from 1,000 to 1,250 square feet. Recent renovations include in-unit washer and dryer, separate electric meters, a secured gate entrance, and an enclosed rear patio. Safety features include carbon monoxide detectors, smoke detectors, and a sprinkler system. New windows and HVAC units have been installed. The property is situated across from bus routes and two blocks from the Columbia Heights Metro, Target Shopping Center, Starbucks, and Trader Joe's. An adjacent 600 square foot rectangular vacant lot offers potential for off-street parking for 3-4 cars. The building has a total size of 3,500 square feet and sits on a 0.0516-acre lot.
Key Highlights
- Prime Columbia Heights location: Mixed‑use corner property, 2 blocks from Columbia Heights Metro, across from bus routes, near Target, Starbucks, and Trader Joe's.
- Three Units: 1 Retail/Convenience Store and 2 Vacant Residential Units (3 bed/3 bath, 1,000‑1,250 SF each).
- Renovated Apartments: Washer & dryer in unit, separate electric, new windows, new HVAC units.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.4k | $26.40 |
| − Vacancy | −$3.2k | −$0.92 |
| EGI | $89.2k | $25.48 |
| − OpEx | −$22.3k | −$6.37 |
| NOI | $66.9k | $19.11 |
3,500 SF · lease $26.40/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$955.4K
$835.9K – $1.11M
NOI $66,875 @ 7.0% cap · market cap 4.23%
Second Best
Mixed Use
$825.0K
$721.9K – $962.5K
NOI $57,750 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,020 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ogden Market
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units in DC.
Where is this mixed-use property located?
The property is located at 1500 OGDEN Street NW Washington, DC.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Prime Columbia Heights location: Mixed‑use corner property, 2 blocks from Columbia Heights Metro, across from bus routes, near Target, Starbucks, and Trader Joe's.; Three Units: 1 Retail/Convenience Store and 2 Vacant Residential Units (3 bed/3 bath, 1,000‑1,250 SF each).; Renovated Apartments: Washer & dryer in unit, separate electric, new windows, new HVAC units.
