Residential Unit with
New
For Sale
$188,146
1009 RHODE ISLAND AVENUE NE Unit 6, Washington, DC 20018
An open-plan interior pairs a contemporary kitchen with private outdoor space.
Property Size596 SF
Days on Market3
Property Features for 1009 RHODE ISLAND AVENUE NE Unit 6
General Information
Standard status
Active
Size
596 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
in-unit laundry
electric fireplace
private outdoor space
balcony
Building Details
Building Size
596 SF
Year Built
1917
Listing Agency:
Keller Williams Capital Properties
Listed By:
Russell Carter · License #SP98377566
(202) 953-0777
Source:
Kwcapitalproperties
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This residential unit has an open living area with hardwood floors, recessed lighting, and an electric fireplace. The kitchen includes white shaker cabinetry, quartz counters, stainless steel appliances, and an island with seating. The bedroom also has balcony access, and the full bathroom features subway tile and black finishes. In-unit Samsung laundry is included.
The property is within walking distance of Metro and offers access to shopping, dining, neighborhood amenities, and major commuter routes. It is an Inclusionary Zoning unit designated at 60% MFI; buyers must satisfy DC DHCD eligibility and certification requirements.
The property is within walking distance of Metro and offers access to shopping, dining, neighborhood amenities, and major commuter routes. It is an Inclusionary Zoning unit designated at 60% MFI; buyers must satisfy DC DHCD eligibility and certification requirements.
Key Highlights
- Private outdoor space with additional balcony access from the bedroom
- Kitchen with quartz countertops, stainless steel appliances, and an island with seating
- Electric fireplace, hardwood floors, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,903
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,060
$198.1K
Cap Rate 7%
$141,471
$141.5K
Cap Rate 9%
$110,033
$110.0K
Market Conditions
NOI Build-Up for 596 SF
Gross rent
$19.0K $31.80/SF
− Vacancy
−$948 −$1.59/SF
EGI
$18.0K $30.21/SF
− OpEx
−$8.1K −$13.59/SF
NOI
$9.9K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,060
Cap Rate 7%
$141,471
Cap Rate 9%
$110,033
Alternative Uses
Best Use
Apartment 5plus
$141.5K
$123.8K – $165.1K
NOI $9,903 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.6K
$268.2K – $357.7K
NOI $21,459 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,682
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan interior pairs a contemporary kitchen with private outdoor space.
Where is this residential income property located?
The property is located at 1009 RHODE ISLAND AVENUE NE Unit 6 Washington, DC.
What is the asking price?
The asking price for this property is $188,146.
What are key features of this property?
This property features: Private outdoor space with additional balcony access from the bedroom; Kitchen with quartz countertops, stainless steel appliances, and an island with seating; Electric fireplace, hardwood floors, and recessed lighting
