Duplex-Style Residential Income
For Sale
$699,000
1223 TALBERT STREET SE Unit 2, Washington, DC 20020
New construction with a private yard, deck, modern finishes, and assigned parking.
Property Size1,797 SF
Price / SF$388.98
Days on Market88
Property Features for 1223 TALBERT STREET SE Unit 2
General Information
Standard status
Active
Size
1,797 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,594
Amenities
hardwood flooring
stainless steel appliances
quartz countertops
vaulted ceilings
frameless glass showers
private yard
private deck
Building Details
Building Size
1,797 SF
Listing Agency:
RE/MAX Allegiance
Listed By:
Michael Burns · License #0225 064462
(703) 403-2022
Source:
Kerishull
Added: Jul 13
Changed: Oct 6
Last Checked: Oct 7 at 5:09PM
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 RE/MAX Allegiance
Investment Insights
Based on property information with market context.
Unit 2 is a brand-new, two-level condominium within a four-unit residential building. The 1797-square-foot layout includes an open living and dining area, wide-plank hardwood floors, oversized windows, recessed lighting, and an interior staircase connecting both levels. The kitchen combines stainless steel appliances, shaker cabinetry, a tile backsplash, quartz counters, and a statement pendant fixture. Bedrooms feature vaulted ceilings, while the bathrooms include frameless glass showers, copper-toned fixtures, and quartz vanities.
Outdoor features include a fenced private yard area with fresh sod and room for future garden plots, plus a furnished private deck for seating and dining. Two assigned parking spaces are included. The property is a short walk from Metro access and within about a mile and a half of Navy Yard, Nationals Park, and Audi Field. Downtown DC, neighborhood coffee shops, cafes, and restaurants are also nearby.
Outdoor features include a fenced private yard area with fresh sod and room for future garden plots, plus a furnished private deck for seating and dining. Two assigned parking spaces are included. The property is a short walk from Metro access and within about a mile and a half of Navy Yard, Nationals Park, and Audi Field. Downtown DC, neighborhood coffee shops, cafes, and restaurants are also nearby.
Key Highlights
- Brand‑new 1797‑square‑foot duplex‑style condo in a four‑unit residential building
- Two‑level interior with open living and dining space, hardwood floors, vaulted ceilings, and oversized windows
- Private fenced yard area with fresh sod and potential for future garden plots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,368
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,360
$567.4K
Cap Rate 7%
$405,257
$405.3K
Cap Rate 9%
$315,200
$315.2K
Market Conditions
NOI Build-Up for 1,797 SF
Gross rent
$55.0K $30.60/SF
− Vacancy
−$3.4K −$1.90/SF
EGI
$51.6K $28.70/SF
− OpEx
−$23.2K −$12.92/SF
NOI
$28.4K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,360
Cap Rate 7%
$405,257
Cap Rate 9%
$315,200
Alternative Uses
Best Use
Apartment 5plus
$405.3K
$354.6K – $472.8K
NOI $28,368 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$927.8K
$811.8K – $1.08M
NOI $64,946 @ 7.0% cap · market cap 9.29%
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
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - New construction with a private yard, deck, modern finishes, and assigned parking.
Where is this residential income property located?
The property is located at 1223 TALBERT STREET SE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Brand‑new 1797‑square‑foot duplex‑style condo in a four‑unit residential building; Two‑level interior with open living and dining space, hardwood floors, vaulted ceilings, and oversized windows; Private fenced yard area with fresh sod and potential for future garden plots
