Eight-Unit Apartment
For Sale
$2,996,825
1013 17TH PLACE NE, Washington, DC 20002
Contemporary residences feature two-bedroom layouts, two full bathrooms, private or semi-private outdoor space, and in-unit laundry.
Property Size6,800 SF
Price / SF$458.02
Days on Market47
Property Features for 1013 17TH PLACE NE
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Five Or More Units
Site & Location
Neighborhood
Carver Langston
Units
Unit Mix
8 x 2BR/2BA
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$6,315
Amenities
rooftop terrace
communal green space
Building Details
Building Size
6,800 SF
Year Built
2022
Buildings
1
Listing Agency:
The Agency DC
Listed By:
Alejandro Luis A Martinez · License #BR98379367
(240) 258-2668
Source:
Barnesrealestatecompany
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 28 at 1:37PM
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 apartment building contains 8 separately identified residences totaling approximately 6,543 square feet of residential living space. Each residence is configured with two bedrooms and two full bathrooms, plus private or semi-private outdoor space. Interior finishes include wide-plank white oak flooring, expansive windows, quartz countertops, white shaker cabinetry, subway tile backsplashes, black hardware, gas cooking, stainless steel appliances, and an in-unit washer and dryer.
A full-length rooftop terrace provides 360-degree views of the Washington, DC skyline, with a direct sightline to the Washington Monument. The property also includes a rear communal green space designed for gathering, grilling, and recreation. The building is located at 1013 17th Place NE in Washington, DC, near the H Street Corridor, Union Market, and Ivy City.
A full-length rooftop terrace provides 360-degree views of the Washington, DC skyline, with a direct sightline to the Washington Monument. The property also includes a rear communal green space designed for gathering, grilling, and recreation. The building is located at 1013 17th Place NE in Washington, DC, near the H Street Corridor, Union Market, and Ivy City.
Key Highlights
- 8 residences totaling approximately 6,543 square feet
- Built in 2022 with two‑bedroom, two‑bathroom residences
- Full‑length rooftop terrace with 360‑degree skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,393
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,227,860
$2.2M
Cap Rate 7%
$1,591,329
$1.6M
Cap Rate 9%
$1,237,700
$1.2M
Market Conditions
NOI Build-Up for 6,543 SF
Gross rent
$215.9K $33.00/SF
− Vacancy
−$13.4K −$2.05/SF
EGI
$202.5K $30.95/SF
− OpEx
−$91.1K −$13.93/SF
NOI
$111.4K $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%
$2,227,860
Cap Rate 7%
$1,591,329
Cap Rate 9%
$1,237,700
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.86M
NOI $111,393 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,471 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Contemporary residences feature two-bedroom layouts, two full bathrooms, private or semi-private outdoor space, and in-unit laundry.
Where is this apartment building located?
The property is located at 1013 17TH PLACE NE Washington, DC.
What is the asking price?
The asking price for this property is $2,996,825.
What are key features of this property?
This property features: 8 residences totaling approximately 6,543 square feet; Built in 2022 with two‑bedroom, two‑bathroom residences; Full‑length rooftop terrace with 360‑degree skyline views
