Renovated One-Bedroom
For Sale
$319,000
1218 PERRY STREET NE Unit 101, Washington, DC 20017
Updated kitchen, in-unit laundry, central heating and air conditioning, and dedicated storage serve this residential unit.
Property Size598 SF
Price / SF$533.44
Days on Market108
Property Features for 1218 PERRY STREET NE Unit 101
General Information
Standard status
Active
Size
598 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
University Heights
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,343
Amenities
in-unit washer/dryer
on-site laundry
extra storage
central air conditioning
stainless steel appliances
quartz countertops
Building Details
Building Size
598 SF
Year Built
1926
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 15
Changed: Oct 26
Last Checked: Oct 26 at 2:58PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 598-square-foot, one-bedroom, one-bathroom condo features a renovated kitchen with quartz countertops and stainless-steel appliances. Large windows bring natural light into the living areas, while central heating and air conditioning provide year-round climate control. The unit also includes a washer and dryer and dedicated extra storage; additional laundry facilities are available on site. The building dates to 1926.
The property is in Brookland, near the 12th Street corridor, neighborhood restaurants, cafes, breweries, grocery stores, the Arts Walk at Monroe Street Market, and the Brookland-CUA Metro station.
The property is in Brookland, near the 12th Street corridor, neighborhood restaurants, cafes, breweries, grocery stores, the Arts Walk at Monroe Street Market, and the Brookland-CUA Metro station.
Key Highlights
- 598‑square‑foot condo with one bedroom and one bathroom
- Renovated kitchen with quartz countertops and stainless‑steel appliances
- In‑unit washer and dryer, plus additional on‑site laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,936
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,720
$198.7K
Cap Rate 7%
$141,943
$141.9K
Cap Rate 9%
$110,400
$110.4K
Market Conditions
NOI Build-Up for 598 SF
Gross rent
$19.0K $31.80/SF
− Vacancy
−$951 −$1.59/SF
EGI
$18.1K $30.21/SF
− OpEx
−$8.1K −$13.59/SF
NOI
$9.9K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,720
Cap Rate 7%
$141,943
Cap Rate 9%
$110,400
Alternative Uses
Best Use
Apartment 5plus
$141.9K
$124.2K – $165.6K
NOI $9,936 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.6K
$269.1K – $358.9K
NOI $21,531 @ 7.0% cap · market cap 6.75%
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
1,542
Businesses Nearby
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Business Placement
Demographics for 20017, DC
20,293
Population
9,252
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
92%
High-School Grad
2.2 sq mi
ZIP Area
9,224
Density / Sq Mi
$101,543
Median Household Income
$74,399
Median Earnings
$1,793
Median Rent
$686,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, in-unit laundry, central heating and air conditioning, and dedicated storage serve this residential unit.
Where is this residential income property located?
The property is located at 1218 PERRY STREET NE Unit 101 Washington, DC.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 598‑square‑foot condo with one bedroom and one bathroom; Renovated kitchen with quartz countertops and stainless‑steel appliances; In‑unit washer and dryer, plus additional on‑site laundry facilities
