Boutique Residential Income
For Sale
$361,725
1013 17TH PLACE NE Unit 1, Washington, DC 20002
Modern two-bedroom residence with private outdoor space, rooftop access, and updated interior finishes.
Property Size795 SF
Days on Market24
Property Features for 1013 17TH PLACE NE Unit 1
General Information
Standard status
Active
Size
795 SF
Property subtype
Unit/Flat/Apartment
Additional Details
HOA Fee
$172
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,759
Amenities
rooftop terrace
communal green space
in-unit washer and dryer
semi-private outdoor space
private balcony
Building Details
Building Size
795 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 3
Last Checked: Oct 5 at 10:13PM
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.
Located at 1013 17th Place NE, Unit 1 is part of an eight-residence boutique property built in 2022. The residence includes two bedrooms, two full bathrooms, an open living and dining area, and a primary suite with a private balcony. Large windows bring natural light into the interior, while wide-plank white oak flooring, quartz countertops, white shaker cabinetry, subway tile, black hardware, gas cooking, and stainless steel appliances define the finish package. An in-unit washer and dryer add everyday convenience.
Property amenities include a full-length rooftop terrace with 360-degree views of the Washington, DC skyline, including the Washington Monument, as well as a rear communal green space for grilling and picnics. The residence also includes semi-private outdoor space, and building fees cover water, trash, rooftop access, and use of the rear outdoor area.
Property amenities include a full-length rooftop terrace with 360-degree views of the Washington, DC skyline, including the Washington Monument, as well as a rear communal green space for grilling and picnics. The residence also includes semi-private outdoor space, and building fees cover water, trash, rooftop access, and use of the rear outdoor area.
Key Highlights
- Eight‑residence property built in 2022
- Two‑bedroom, two‑bath residence with private balcony and semi‑private outdoor space
- Full‑length rooftop terrace with 360‑degree Washington, DC skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,535
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,700
$270.7K
Cap Rate 7%
$193,357
$193.4K
Cap Rate 9%
$150,389
$150.4K
Market Conditions
NOI Build-Up for 795 SF
Gross rent
$26.2K $33.00/SF
− Vacancy
−$1.6K −$2.05/SF
EGI
$24.6K $30.95/SF
− OpEx
−$11.1K −$13.93/SF
NOI
$13.5K $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%
$270,700
Cap Rate 7%
$193,357
Cap Rate 9%
$150,389
Alternative Uses
Best Use
Apartment 5plus
$193.4K
$169.2K – $225.6K
NOI $13,535 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.5K
$359.2K – $478.9K
NOI $28,732 @ 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 - Modern two-bedroom residence with private outdoor space, rooftop access, and updated interior finishes.
Where is this residential income property located?
The property is located at 1013 17TH PLACE NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $361,725.
What are key features of this property?
This property features: Eight‑residence property built in 2022; Two‑bedroom, two‑bath residence with private balcony and semi‑private outdoor space; Full‑length rooftop terrace with 360‑degree Washington, DC skyline views
