Garden-Level Live-Work
For Sale
$299,900
11 2ND STREET NE Unit 108, Washington, DC 20002
Historic unit with a full bathroom near Capitol Hill shops, cafes, parks, and local markets.
Property Size403 SF
Days on Market161
Property Features for 11 2ND STREET NE Unit 108
General Information
Standard status
Active
Size
403 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,439
Building Details
Building Size
403 SF
Year Built
1885
Construction
Federal-style
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Christopher T Cushman · License #AB98370811
(202) 327-4682
Source:
Kwcapitalproperties
Added: Apr 30
Changed: Oct 6
Last Checked: Oct 5 at 10:28PM
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 Coldwell Banker Realty - Washington
Investment Insights
Based on property information with market context.
This garden-level live-work unit occupies a Federal-style building constructed in 1885. The layout includes a full bathroom and combines a compact work setting with residential functionality. Historic architectural character and the garden-level setting distinguish the space within the building.
The property is positioned in Capitol Hill near tree-lined streets, cafes, boutique shops, parks, local markets, and community events. It also provides access to the Capitol, Library of Congress, and Supreme Court campus, with Union Station and the regional and national rail network nearby. The location connects the unit with the surrounding neighborhood and major civic and transportation destinations.
The property is positioned in Capitol Hill near tree-lined streets, cafes, boutique shops, parks, local markets, and community events. It also provides access to the Capitol, Library of Congress, and Supreme Court campus, with Union Station and the regional and national rail network nearby. The location connects the unit with the surrounding neighborhood and major civic and transportation destinations.
Key Highlights
- Garden‑level live‑work unit with a full bathroom
- Federal‑style building constructed in 1885
- Located in Capitol Hill near cafes, boutique shops, parks, and local markets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,444
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,880
$268.9K
Cap Rate 7%
$192,057
$192.1K
Cap Rate 9%
$149,378
$149.4K
Market Conditions
NOI Build-Up for 403 SF
Gross rent
$22.6K $56.16/SF
− Vacancy
−$4.7K −$11.68/SF
EGI
$17.9K $44.48/SF
− OpEx
−$4.5K −$11.12/SF
NOI
$13.4K $33.36/SF
Area
ZIP 20002
Vacancy
20.80%
Lease Rate
$56.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,880
Cap Rate 7%
$192,057
Cap Rate 9%
$149,378
Alternative Uses
Best Use
Office B
$192.1K
$168.1K – $224.1K
NOI $13,444 @ 7.0% cap · market cap 4.48%
Second Best
Mixed Use
$104.4K
$91.4K – $121.8K
NOI $7,308 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$208.1K
$182.1K – $242.8K
NOI $14,565 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,466
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Washington, DC
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Frequently Asked Questions
What type of property is this?
Live-work space - Historic unit with a full bathroom near Capitol Hill shops, cafes, parks, and local markets.
Where is this live-work space located?
The property is located at 11 2ND STREET NE Unit 108 Washington, DC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Garden‑level live‑work unit with a full bathroom; Federal‑style building constructed in 1885; Located in Capitol Hill near cafes, boutique shops, parks, and local markets
