Residential Income Property with Rooftop
For Sale
$449,000
1026 18TH STREET NE Unit #PH-7, Washington, DC 20002
Two-level penthouse residence with private outdoor areas, contemporary finishes, and views toward Washington’s major civic landmarks.
Property Size903 SF
Days on Market197
Property Features for 1026 18TH STREET NE Unit #PH-7
General Information
Standard status
Active
Size
903 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Carver Langston
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,782
Amenities
private rooftop deck
main-level balcony
wide-plank white oak floors
oversized black-framed windows
sleek flat-front cabinetry
white quartz countertops
Building Details
Building Size
903 SF
Year Built
2023
Listing Agency:
Oak Edge Capital LLC
Listed By:
Eric Kasenetz · License #IB200200253
(202) 670-3368
Source:
Kwcapitalproperties
Added: Apr 18
Changed: Oct 31
Last Checked: Oct 30 at 8:06PM
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 Oak Edge Capital LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1026 18th Street NE in Washington, DC, this 2023-built penthouse residence spans two levels and occupies a corner position. The interior features wide-plank white oak flooring, oversized black-framed windows, flat-front cabinetry, and white quartz countertops. Two private outdoor spaces extend the living area, including a rooftop deck and a main-level balcony.
The property offers views toward the Washington Monument and the Capitol, with the address placing it in Washington, DC 20002. Its combination of dual-level living, contemporary interior finishes, and multiple private exterior areas defines the offering.
The property offers views toward the Washington Monument and the Capitol, with the address placing it in Washington, DC 20002. Its combination of dual-level living, contemporary interior finishes, and multiple private exterior areas defines the offering.
Key Highlights
- 2023‑built two‑level corner penthouse residence
- Private rooftop deck plus a main‑level balcony
- Views toward the Washington Monument and the Capitol
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,373
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,460
$307.5K
Cap Rate 7%
$219,614
$219.6K
Cap Rate 9%
$170,811
$170.8K
Market Conditions
NOI Build-Up for 903 SF
Gross rent
$29.8K $33.00/SF
− Vacancy
−$1.8K −$2.05/SF
EGI
$28.0K $30.95/SF
− OpEx
−$12.6K −$13.93/SF
NOI
$15.4K $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%
$307,460
Cap Rate 7%
$219,614
Cap Rate 9%
$170,811
Alternative Uses
Best Use
Apartment 5plus
$219.6K
$192.2K – $256.2K
NOI $15,373 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$466.2K
$407.9K – $543.9K
NOI $32,635 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level penthouse residence with private outdoor areas, contemporary finishes, and views toward Washington’s major civic landmarks.
Where is this residential income property located?
The property is located at 1026 18TH STREET NE Unit #PH-7 Washington, DC.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2023‑built two‑level corner penthouse residence; Private rooftop deck plus a main‑level balcony; Views toward the Washington Monument and the Capitol
