Boutique Residential Income
For Sale
$379,015
1013 17TH PLACE NE Unit 8, Washington, DC 20002
Eight-residence condominium collection with rooftop views, private outdoor space, modern finishes, and in-unit laundry.
Property Size833 SF
Days on Market49
Property Features for 1013 17TH PLACE NE Unit 8
General Information
Standard status
Active
Size
833 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
semi-private outdoor space
in-unit washer/dryer
communal green space
Building Details
Building Size
833 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 31
Last Checked: Oct 30 at 7:52PM
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 boutique residential income property contains eight residences, each arranged with two bedrooms, two full bathrooms, an open living and dining area, and semi-private outdoor space. The homes feature wide-plank white oak flooring, large windows, quartz kitchen countertops, white shaker cabinetry, gas cooking, stainless steel appliances, contemporary bathroom finishes, and in-unit washers and dryers. Primary suites include en suite bathrooms, spacious closets, and private balconies.
A full-length rooftop terrace provides 360-degree views of the Washington, DC skyline, including the Washington Monument. Residents also have access to rear communal green space for grilling and picnics. The property is located in Langston-Carver with access to the H Street Corridor, Union Market, and Ivy City.
A full-length rooftop terrace provides 360-degree views of the Washington, DC skyline, including the Washington Monument. Residents also have access to rear communal green space for grilling and picnics. The property is located in Langston-Carver with access to the H Street Corridor, Union Market, and Ivy City.
Key Highlights
- Eight‑residence collection built in 2022
- Each residence offers 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
$14,182
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,640
$283.6K
Cap Rate 7%
$202,600
$202.6K
Cap Rate 9%
$157,578
$157.6K
Market Conditions
NOI Build-Up for 833 SF
Gross rent
$27.5K $33.00/SF
− Vacancy
−$1.7K −$2.05/SF
EGI
$25.8K $30.95/SF
− OpEx
−$11.6K −$13.93/SF
NOI
$14.2K $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%
$283,640
Cap Rate 7%
$202,600
Cap Rate 9%
$157,578
Alternative Uses
Best Use
Apartment 5plus
$202.6K
$177.3K – $236.4K
NOI $14,182 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.1K
$376.3K – $501.8K
NOI $30,106 @ 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 - Eight-residence condominium collection with rooftop views, private outdoor space, modern finishes, and in-unit laundry.
Where is this residential income property located?
The property is located at 1013 17TH PLACE NE Unit 8 Washington, DC.
What is the asking price?
The asking price for this property is $379,015.
What are key features of this property?
This property features: Eight‑residence collection built in 2022; Each residence offers two bedrooms and two full bathrooms; Full‑length rooftop terrace with 360‑degree Washington, DC skyline views
