Boutique Residential Income
For Sale
$372,645
1013 17TH PLACE NE Unit 3, Washington, DC 20002
Two-bedroom residence with private outdoor space, rooftop access, and contemporary interior finishes in Northeast DC.
Property Size819 SF
Days on Market49
Property Features for 1013 17TH PLACE NE Unit 3
General Information
Standard status
Active
Size
819 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Carver Langston
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
No
HOA Fee
$172
Taxes and HOA fees
Annual Taxes
$1,759
Amenities
rooftop terrace
communal green space
in-unit washer/dryer
Building Details
Building Size
819 SF
Year Built
2022
Listing Agency:
The Agency DC
Listed By:
Alejandro Luis A Martinez · License #BR98379367
(240) 258-2668
Source:
Kwcapitalproperties
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 28 at 3:04PM
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 The Agency DC
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Investment Insights
Based on property information with market context.
Unit 3 is part of an eight-residence property completed in 2022. The residence provides two bedrooms and two full bathrooms, along with an open living and dining area, wide-plank white oak flooring, and abundant natural light from a wall of windows. The kitchen includes quartz countertops, white shaker cabinetry, subway tile, black hardware, gas cooking, and stainless steel appliances. A primary suite includes an en suite bathroom, spacious closet, and private balcony. In-unit laundry adds everyday convenience.
A full-length rooftop terrace offers 360-degree views of the Washington, DC skyline, including the Washington Monument. Residents also have access to a rear communal green space for grilling and picnics. The property is positioned in Langston-Carver near the H Street Corridor, Union Market, and Ivy City.
A full-length rooftop terrace offers 360-degree views of the Washington, DC skyline, including the Washington Monument. Residents also have access to a rear communal green space for grilling and picnics. The property is positioned in Langston-Carver near the H Street Corridor, Union Market, and Ivy City.
Key Highlights
- Eight‑residence property completed in 2022
- Two bedrooms and two full bathrooms
- Full‑length rooftop terrace with 360‑degree Washington, DC skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,943
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,860
$278.9K
Cap Rate 7%
$199,186
$199.2K
Cap Rate 9%
$154,922
$154.9K
Market Conditions
NOI Build-Up for 819 SF
Gross rent
$27.0K $33.00/SF
− Vacancy
−$1.7K −$2.05/SF
EGI
$25.4K $30.95/SF
− OpEx
−$11.4K −$13.93/SF
NOI
$13.9K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,860
Cap Rate 7%
$199,186
Cap Rate 9%
$154,922
Alternative Uses
Best Use
Apartment 5plus
$199.2K
$174.3K – $232.4K
NOI $13,943 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.9K
$370.0K – $493.3K
NOI $29,600 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with private outdoor space, rooftop access, and contemporary interior finishes in Northeast DC.
Where is this residential income property located?
The property is located at 1013 17TH PLACE NE Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $372,645.
What are key features of this property?
This property features: Eight‑residence property completed in 2022; Two bedrooms and two full bathrooms; Full‑length rooftop terrace with 360‑degree Washington, DC skyline views
