Residential Income Property with Rooftop
For Sale
$380,835
1013 17TH PLACE NE Unit 7, Washington, DC 20002
Two-bedroom residence with private outdoor space, modern finishes, and access to a full-length rooftop terrace.
Property Size837 SF
Days on Market24
Property Features for 1013 17TH PLACE NE Unit 7
General Information
Standard status
Active
Size
837 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
semi-private outdoor space
in-unit washer and dryer
communal green space
Building Details
Building Size
837 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 10:25PM
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.
This residential income property is one of eight residences in a 2022 boutique building. The two-bedroom, two-bath home features an open living and dining area, wide-plank white oak flooring, and expansive windows that bring in natural light. Its kitchen includes quartz countertops, white shaker cabinetry, subway tile, black hardware, gas cooking, and brand-new stainless steel appliances. The primary suite has a walk-in closet, en suite bath, and private balcony, while both bathrooms feature contemporary gray-and-white tilework. An in-unit washer and dryer add everyday convenience.
Outdoor amenities include a full-length rooftop terrace with 360-degree views of the Washington, DC skyline, including the Washington Monument, along with access to a rear communal green space for grilling and picnics. The property is situated in Langston-Carver near the H Street Corridor, Union Market, and Ivy City. Water, trash, rooftop access, and use of the rear green space are included in the condominium services.
Outdoor amenities include a full-length rooftop terrace with 360-degree views of the Washington, DC skyline, including the Washington Monument, along with access to a rear communal green space for grilling and picnics. The property is situated in Langston-Carver near the H Street Corridor, Union Market, and Ivy City. Water, trash, rooftop access, and use of the rear green space are included in the condominium services.
Key Highlights
- One of eight residences in a 2022 boutique building
- Two bedrooms and two full baths with a private balcony
- Full‑length rooftop terrace with 360‑degree Washington, DC skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,250
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,000
$285.0K
Cap Rate 7%
$203,571
$203.6K
Cap Rate 9%
$158,333
$158.3K
Market Conditions
NOI Build-Up for 837 SF
Gross rent
$27.6K $33.00/SF
− Vacancy
−$1.7K −$2.05/SF
EGI
$25.9K $30.95/SF
− OpEx
−$11.7K −$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%
$285,000
Cap Rate 7%
$203,571
Cap Rate 9%
$158,333
Alternative Uses
Best Use
Apartment 5plus
$203.6K
$178.1K – $237.5K
NOI $14,250 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.1K
$378.1K – $504.2K
NOI $30,250 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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, modern finishes, and access to a full-length rooftop terrace.
Where is this residential income property located?
The property is located at 1013 17TH PLACE NE Unit 7 Washington, DC.
What is the asking price?
The asking price for this property is $380,835.
What are key features of this property?
This property features: One of eight residences in a 2022 boutique building; Two bedrooms and two full baths with a private balcony; Full‑length rooftop terrace with 360‑degree Washington, DC skyline views
