Residential Income Property with Rooftop
New
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 Market4
Property Features for 1013 17TH PLACE NE Unit 5
General Information
Standard status
Active
Size
827 SF
Property subtype
Unit/Flat/Apartment
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 11
Changed: Sep 13
Last Checked: Sep 14 at 9:19AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
Explore this area
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
