For sale
Residential income properties
DC
Washington
20002
1016 17TH NE PLACE 003

Move-In Ready IZ Program Home

1016 17TH NE PLACE 003, Washington, DC 20002

View on Map

For Sale

$169,900

New construction near H Street Corridor and Union Market.

Type:Condo/Townhome

Property size:

640 SF

Price / SF:

$265/SF

HighLights

Move‑in ready, brand new construction in a highly desirable location near H Street Corridor and Union Market.
Priced to sell at $169,900 with a $5000 seller bonus towards buyer closing costs.
Enjoy a high walk score of 85, providing easy access to culture, dining, nightlife, and Union Station.
Features sophisticated finishes including European Oak Hardwood flooring, Quartz Countertops, and Kohler/Samsung/GE appliances.
Low condo fees and bike storage available.
Good natural light despite being on the Cellar Level with concrete construction under hardwood flooring.

We can help!

Listing Contact

Lee A Beaudoin

Learn more

For Sale

$169,900

New construction near H Street Corridor and Union Market.

Type:Condo/Townhome

Property size:

640 SF

Price / SF:

$265/SF

Added:: Jan 9, 2024
Days on Market:: 888
Last Refresh:: May 20 at 12:30 am

Property Features for 1016 17TH NE PLACE 003

General Information

Standard status: Active
Size: 640 SF
Property subtype: Condo/Townhome

Building Details

Year Built: 2020

We can help!

Listing Contact

Lee A Beaudoin

Listing agent Lee A Beaudoin

Listing office McWilliams/Ballard Inc.

Listing date Jan 9, 2024

Source Exitrealty

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 McWilliams/Ballard Inc.

HighLights

Move‑in ready, brand new construction in a highly desirable location near H Street Corridor and Union Market.
Priced to sell at $169,900 with a $5000 seller bonus towards buyer closing costs.
Enjoy a high walk score of 85, providing easy access to culture, dining, nightlife, and Union Station.
Features sophisticated finishes including European Oak Hardwood flooring, Quartz Countertops, and Kohler/Samsung/GE appliances.
Low condo fees and bike storage available.
Good natural light despite being on the Cellar Level with concrete construction under hardwood flooring.

Overview

This move-in ready home, priced at $169,900, is part of the IZ Program and includes a seller bonus of $5,000 towards buyer closing costs. Located near the H Street Corridor and Union Market, this new construction building offers convenient access to culture, dining, and nightlife, as well as easy access to Union Station, with a walk score of 85. The property features European Oak Hardwood flooring throughout, Quartz Countertops, Kohler Fixtures, and Samsung and GE Appliances. The home is located on the Cellar Level but includes good windows with natural light. It features concrete construction under the hardwood flooring, low condo fees, and bike storage. The property is an 80% MFI unit. Total maximum annual incomes (pre-tax amounts, projected over the next 12 months) for all persons who will live in this unit by household size: $86,650 (1 person) $99,000 (2 people). IZ Program participants must take two classes; one class is on the IZ Program and one class is on home buying. Classes can be taken on-line and class availability/information can be found on the IZ Program pages of the DHCD website. Class participants receive a certificate upon completion of each class. The property size is 640 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$21.1k	$33.00
− Vacancy	−$1.3k	−$2.05
EGI	$19.8k	$30.95
− OpEx	−$8.9k	−$13.93
NOI	$10.9k	$17.02

640 SF · lease $33.00/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$155.7K

$136.2K – $181.6K (±1% cap)

NOI $10,896 @ 7.0% cap · market cap 6.41%

Second Best

—

no second resolved use

Theoretical Best

Office A

$330.4K

$289.1K – $385.5K (±1% cap)

NOI $23,130 @ 7.0% cap · market cap 13.61%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Residential income properties

Map

City: Washington
County: District of Columbia
State: District of Columbia
Longitude: -76.9802667
Latitude: 38.9030766

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For sale
Residential income properties
DC
Washington
20002
1016 17TH NE PLACE 003

What type of property is this?

Residential income property - New construction near H Street Corridor and Union Market.

Where is this residential income property located?

The property is located at 1016 17TH NE PLACE 003 Washington, DC.

What is the asking price?

The asking price for this property is $169,900.

What are key features of this property?

This property features: Move‑in ready, brand new construction in a highly desirable location near H Street Corridor and Union Market.; Priced to sell at $169,900 with a $5000 seller bonus towards buyer closing costs.; Enjoy a high walk score of 85, providing easy access to culture, dining, nightlife, and Union Station.

1016 17TH NE PLACE 003, Washington, DC 20002

New construction near H Street Corridor and Union Market.

Property Features for 1016 17TH NE PLACE 003

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Map

Nearby Similar for Sale

Turnkey Mixed-Use Redevelopment Opportunity

Mixed-Use Building with Retail

Turnkey Restaurant/Bar Opportunity on Georgia Avenue

Prime Retail Opportunity in Washington

Four-Story Retail Building with Rooftop

Value-Add Multifamily Building Opportunity

Office Condominium with Parking

Renovated Multifamily Building in Washington, DC

Multifamily Property with Independent Entrances

Columbia Heights Mixed-Use Investment

Turnkey Updated Fourplex with 1-Bed Units

Fully Renovated Quadplex

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