Two-Bedroom Condominium
For Sale
$400,000
1019 17TH PLACE NE Unit 1, Washington, DC 20002
An open living area features a quartz-topped kitchen island, stainless steel appliances and white oak flooring.
Property Size847 SF
Price / SF$472.26
Days on Market105
Property Features for 1019 17TH PLACE NE Unit 1
General Information
Standard status
Active
Size
847 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Carver Langston
Taxes and HOA fees
Annual Taxes
$6,777
Amenities
secure building access
intercom system
bike storage
Building Details
Building Size
847 SF
Year Built
2022
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Jul 17
Changed: Oct 27
Last Checked: Oct 26 at 11:54AM
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 eXp Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2022, this 847-square-foot condominium has two bedrooms and two bathrooms. The open living area connects to a kitchen appointed with Calacatta quartz counters, stainless steel appliances, modern cabinetry and a central island. White oak hardwood flooring extends throughout the residence. The primary suite includes a walk-in closet and private bathroom; the second bedroom sits beside the hall bath and can also serve as a home office.
Building features include secure entry, an intercom system and bike storage. The property is near the H Street Corridor, Union Market and Union Station, with restaurants, cafes, shops and entertainment in the surrounding area.
Building features include secure entry, an intercom system and bike storage. The property is near the H Street Corridor, Union Market and Union Station, with restaurants, cafes, shops and entertainment in the surrounding area.
Key Highlights
- Two bedrooms and two bathrooms in 847 square feet
- Built in 2022
- Kitchen with Calacatta quartz counters, stainless steel appliances and a center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,420
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,400
$288.4K
Cap Rate 7%
$206,000
$206.0K
Cap Rate 9%
$160,222
$160.2K
Market Conditions
NOI Build-Up for 847 SF
Gross rent
$28.0K $33.00/SF
− Vacancy
−$1.7K −$2.05/SF
EGI
$26.2K $30.95/SF
− OpEx
−$11.8K −$13.93/SF
NOI
$14.4K $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%
$288,400
Cap Rate 7%
$206,000
Cap Rate 9%
$160,222
Alternative Uses
Best Use
Apartment 5plus
$206.0K
$180.3K – $240.3K
NOI $14,420 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.3K
$382.7K – $510.2K
NOI $30,612 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Residential income property - An open living area features a quartz-topped kitchen island, stainless steel appliances and white oak flooring.
Where is this residential income property located?
The property is located at 1019 17TH PLACE NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 847 square feet; Built in 2022; Kitchen with Calacatta quartz counters, stainless steel appliances and a center island
