Residential Income Property with Rooftop
For Sale
$376,285
1013 17TH PLACE NE Unit 5, Washington, DC 20002
Two-bedroom residence with private outdoor space, contemporary finishes, and access to shared outdoor amenities.
Property Size827 SF
Days on Market49
Property Features for 1013 17TH PLACE NE Unit 5
General Information
Standard status
Active
Size
827 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Carver Langston
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$172
Taxes and HOA fees
Annual Taxes
$1,759
Amenities
rooftop terrace
in-unit washer/dryer
communal green space
Building Details
Building Size
827 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 26
Last Checked: Oct 30 at 8:18PM
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.
Built in 2022, this two-bedroom, two-bath residence is part of an eight-home boutique property in Northeast Washington, DC. The layout includes an open living and dining area, abundant window exposure, wide-plank white oak flooring, and a corner kitchen with quartz counters, white shaker cabinets, subway tile, gas cooking, black hardware, and stainless steel appliances. The primary suite has a private balcony, spacious closet, and en suite bath, while both bathrooms feature contemporary gray-and-white tilework. An in-unit washer and dryer adds everyday convenience.
Residents have access to a full-length rooftop terrace with 360-degree views of the Washington, DC skyline, including the Washington Monument. The property also offers a rear communal green space configured for grilling and picnics. Its Langston-Carver setting provides access to the H Street Corridor, Union Market, and Ivy City.
Residents have access to a full-length rooftop terrace with 360-degree views of the Washington, DC skyline, including the Washington Monument. The property also offers a rear communal green space configured for grilling and picnics. Its Langston-Carver setting provides access to the H Street Corridor, Union Market, and Ivy City.
Key Highlights
- Two‑bedroom, two‑bath residence in an eight‑home property built in 2022
- Full‑length rooftop terrace with 360‑degree Washington, DC skyline views
- Direct Washington Monument view from the rooftop terrace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,079
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,580
$281.6K
Cap Rate 7%
$201,129
$201.1K
Cap Rate 9%
$156,433
$156.4K
Market Conditions
NOI Build-Up for 827 SF
Gross rent
$27.3K $33.00/SF
− Vacancy
−$1.7K −$2.05/SF
EGI
$25.6K $30.95/SF
− OpEx
−$11.5K −$13.93/SF
NOI
$14.1K $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%
$281,580
Cap Rate 7%
$201,129
Cap Rate 9%
$156,433
Alternative Uses
Best Use
Apartment 5plus
$201.1K
$176.0K – $234.7K
NOI $14,079 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$427.0K
$373.6K – $498.2K
NOI $29,889 @ 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, contemporary finishes, and access to shared outdoor amenities.
Where is this residential income property located?
The property is located at 1013 17TH PLACE NE Unit 5 Washington, DC.
What is the asking price?
The asking price for this property is $376,285.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence in an eight‑home property built in 2022; Full‑length rooftop terrace with 360‑degree Washington, DC skyline views; Direct Washington Monument view from the rooftop terrace
