Two-Bedroom Residential Income
For Sale
$455,000
1019 17TH PLACE NE Unit 401, Washington, DC 20002
Contemporary residence with private parking, in-unit laundry, and an open kitchen-living arrangement.
Property Size975 SF
Days on Market79
Property Features for 1019 17TH PLACE NE Unit 401
General Information
Standard status
Active
Size
975 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Carver Langston
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,015
Amenities
in-unit washer/dryer
outdoor space
Building Details
Building Size
975 SF
Year Built
2022
Listing Agency:
Keller Williams Capital Properties
Listed By:
Octavia Gould · License #SP200205846
(757) 266-1332
Source:
Kwcapitalproperties
Added: Aug 14
Changed: Oct 31
Last Checked: Oct 30 at 9:34PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
Built in 2022, this two-bedroom, two-bathroom residence features an open interior with contemporary finishes and flexible room use. The kitchen is equipped with quartz countertops, a waterfall-edge island, stainless steel appliances, gas cooking, pendant lighting, and extensive cabinetry. An in-unit washer and dryer, generous storage, outdoor space, and an included parking spot add practical functionality.
The property is in Washington, DC, within walking distance of the H Street Corridor and two minutes from the nearest bus stop. Stadium-Armory Metro is approximately 1 mile away, while Union Station is 1.5 miles from the residence. Aldi, Giant, CVS, and other convenience stores are located nearby.
The property is in Washington, DC, within walking distance of the H Street Corridor and two minutes from the nearest bus stop. Stadium-Armory Metro is approximately 1 mile away, while Union Station is 1.5 miles from the residence. Aldi, Giant, CVS, and other convenience stores are located nearby.
Key Highlights
- Two‑bedroom, two‑full‑bath residence built in 2022
- Included parking spot and in‑unit washer/dryer
- Quartz kitchen counters with waterfall‑edge island and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,599
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,980
$332.0K
Cap Rate 7%
$237,129
$237.1K
Cap Rate 9%
$184,433
$184.4K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$32.2K $33.00/SF
− Vacancy
−$2.0K −$2.05/SF
EGI
$30.2K $30.95/SF
− OpEx
−$13.6K −$13.93/SF
NOI
$16.6K $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%
$331,980
Cap Rate 7%
$237,129
Cap Rate 9%
$184,433
Alternative Uses
Best Use
Apartment 5plus
$237.1K
$207.5K – $276.7K
NOI $16,599 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.4K
$440.5K – $587.3K
NOI $35,238 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
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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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary residence with private parking, in-unit laundry, and an open kitchen-living arrangement.
Where is this residential income property located?
The property is located at 1019 17TH PLACE NE Unit 401 Washington, DC.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath residence built in 2022; Included parking spot and in‑unit washer/dryer; Quartz kitchen counters with waterfall‑edge island and gas cooking
