Residential Income Unit with Private
For Sale
$925,000
1015 33RD STREET NW Unit 402, Washington, DC 20007
Open-concept unit with natural-light updates, stainless steel appliances, and a private balcony, plus front desk service.
Property Size1,605 SF
Days on Market188
Property Features for 1015 33RD STREET NW Unit 402
General Information
Standard status
Active
Size
1,605 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,909
Amenities
front desk service
additional storage
private balcony
on-site parking
Building Details
Building Size
1,605 SF
Year Built
1985
Listing Agency:
Compass
Listed By:
Michael R Brennan · License #SP98361106
(202) 330-7808
Source:
Kwcapitalproperties
Added: Apr 15
Changed: Oct 17
Last Checked: Oct 16 at 5:46PM
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 Compass
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Investment Insights
Based on property information with market context.
This residential income unit in the Flourmill offers an open-concept layout designed to capture natural light. Recent upgrades include light-toned flooring and newly installed sliding glass doors and windows. The kitchen is equipped with stainless steel appliances, and the unit provides generous storage. A private balcony provides outdoor space for everyday enjoyment.
The building is located at 1015 33rd Street NW and offers front desk service, additional storage, and guaranteed on-site rental parking. The home is steps from Georgetown Waterfront Park, with easy access to scenic outdoor space and the shopping and dining along M Street, along with views of the historic C&O Canal.
Built in 1985, this unit combines updated interior features with building amenities that support a convenient, low-friction living experience.
The building is located at 1015 33rd Street NW and offers front desk service, additional storage, and guaranteed on-site rental parking. The home is steps from Georgetown Waterfront Park, with easy access to scenic outdoor space and the shopping and dining along M Street, along with views of the historic C&O Canal.
Built in 1985, this unit combines updated interior features with building amenities that support a convenient, low-friction living experience.
Key Highlights
- Open‑concept layout with light‑toned flooring
- Newly installed sliding glass doors and windows for natural light
- Kitchen with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,668
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,360
$533.4K
Cap Rate 7%
$380,971
$381.0K
Cap Rate 9%
$296,311
$296.3K
Market Conditions
NOI Build-Up for 1,605 SF
Gross rent
$51.0K $31.80/SF
− Vacancy
−$2.6K −$1.59/SF
EGI
$48.5K $30.21/SF
− OpEx
−$21.8K −$13.59/SF
NOI
$26.7K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,360
Cap Rate 7%
$380,971
Cap Rate 9%
$296,311
Alternative Uses
Best Use
Apartment 5plus
$381.0K
$333.4K – $444.5K
NOI $26,668 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.6K
$722.4K – $963.2K
NOI $57,789 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept unit with natural-light updates, stainless steel appliances, and a private balcony, plus front desk service.
Where is this residential income property located?
The property is located at 1015 33RD STREET NW Unit 402 Washington, DC.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Open‑concept layout with light‑toned flooring; Newly installed sliding glass doors and windows for natural light; Kitchen with stainless steel appliances
