Renovated Residential Income
For Sale
$499,999
114 QUINCY PLACE NE Unit 1, Washington, DC 20002
Two-bedroom unit with secured parking, updated interiors, private entrances, and in-unit laundry.
Property Size920 SF
Price / SF$543.48
Days on Market42
Property Features for 114 QUINCY PLACE NE Unit 1
General Information
Standard status
Active
Size
920 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,836
Amenities
in-unit laundry
high ceilings
recessed lighting
stainless steel appliances
stone countertops
breakfast bar
private front and rear entrances
water separately metered
Building Details
Building Size
920 SF
Year Built
1905
Year Renovated
2022
Listing Agency:
Compass
Listed By:
Anthony H Mokabber · License #200200241
(301) 325-3637
Source:
Kerishull
Added: Aug 26
Changed: Oct 5
Last Checked: Oct 5 at 8:53PM
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
Investment Insights
Based on property information with market context.
This 920-square-foot residential income property was renovated in 2022 and includes two bedrooms, two full bathrooms, and secured one-car parking. The layout features separate front and rear entrances, high ceilings, southern and northern exposures, recessed lighting, and a living room with a bay window. The updated kitchen includes stainless steel appliances, stone countertops, extensive cabinetry, and a breakfast bar. Both bathrooms have custom tile and glass-enclosed showers, while the unit also provides stackable laundry and separately metered water.
The property is located in Washington, DC, near NoMa and Union Market. The NoMa-Gallaudet U Metro station is 0.6 miles away, with Harris Teeter, Trader Joe’s, La Cosecha, DC Bouldering Project, neighborhood parks, and other dining and retail amenities nearby. The building dates to 1905 and includes a secured parking area with an electric roll-up garage door.
The property is located in Washington, DC, near NoMa and Union Market. The NoMa-Gallaudet U Metro station is 0.6 miles away, with Harris Teeter, Trader Joe’s, La Cosecha, DC Bouldering Project, neighborhood parks, and other dining and retail amenities nearby. The building dates to 1905 and includes a secured parking area with an electric roll-up garage door.
Key Highlights
- 920‑square‑foot unit renovated in 2022
- Two bedrooms and two full bathrooms
- Secured one‑car parking with electric roll‑up garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,663
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,260
$313.3K
Cap Rate 7%
$223,757
$223.8K
Cap Rate 9%
$174,033
$174.0K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$30.4K $33.00/SF
− Vacancy
−$1.9K −$2.05/SF
EGI
$28.5K $30.95/SF
− OpEx
−$12.8K −$13.93/SF
NOI
$15.7K $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%
$313,260
Cap Rate 7%
$223,757
Cap Rate 9%
$174,033
Alternative Uses
Best Use
Apartment 5plus
$223.8K
$195.8K – $261.1K
NOI $15,663 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$475.0K
$415.6K – $554.2K
NOI $33,250 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,505
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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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom unit with secured parking, updated interiors, private entrances, and in-unit laundry.
Where is this residential income property located?
The property is located at 114 QUINCY PLACE NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 920‑square‑foot unit renovated in 2022; Two bedrooms and two full bathrooms; Secured one‑car parking with electric roll‑up garage door
