Residential Income Property with
For Sale
$495,000
1240 4TH STREET NW Unit T, Washington, DC 20001
A one-bedroom layout combines a private patio, flexible bonus area, and two full bathrooms.
Property Size850 SF
Price / SF$582.35
Days on Market85
Property Features for 1240 4TH STREET NW Unit T
General Information
Standard status
Active
Size
850 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Mount Vernon Square
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,096
Amenities
private patio
washer/dryer
dishwasher
microwave
induction range
refrigerator
extra storage/pantry
pet-friendly
Building Details
Building Size
850 SF
Year Built
2004
Listing Agency:
Gallery Collective
Listed By:
Thomas Mathis
(301) 245-2659
Source:
Gallerycollectivere
Added: Aug 7
Changed: Oct 27
Last Checked: Oct 27 at 3:27AM
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 Gallery Collective
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Investment Insights
Based on property information with market context.
Built in 2004, this 850-square-foot, one-bedroom condo has an open living and dining area, high ceilings, and hardwood floors. The kitchen includes stainless steel appliances, black granite counters, a breakfast bar, and pantry storage. A separate bonus area and second full bathroom add flexibility, while the bedroom has an attached ensuite. The private patio measures 100 square feet and is accessed through a recently installed sliding glass door. The washer and dryer, dishwasher, and microwave were replaced in 2023; the induction range in 2024; and the refrigerator in 2025.
The Washington, DC property is near the Mount Vernon Square and Shaw-Howard U Metro stations, with Metro Center also accessible. Nearby destinations named include Shaw, Logan Circle, and Mount Vernon Square, along with Giant and Safeway grocery stores.
The Washington, DC property is near the Mount Vernon Square and Shaw-Howard U Metro stations, with Metro Center also accessible. Nearby destinations named include Shaw, Logan Circle, and Mount Vernon Square, along with Giant and Safeway grocery stores.
Key Highlights
- 850‑square‑foot condo with one bedroom and two full bathrooms
- Private 100‑square‑foot patio accessed through a recently installed sliding glass door
- Open living and dining area, high ceilings, and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,123
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,460
$282.5K
Cap Rate 7%
$201,757
$201.8K
Cap Rate 9%
$156,922
$156.9K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$27.0K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$25.7K $30.21/SF
− OpEx
−$11.6K −$13.59/SF
NOI
$14.1K $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%
$282,460
Cap Rate 7%
$201,757
Cap Rate 9%
$156,922
Alternative Uses
Best Use
Apartment 5plus
$201.8K
$176.5K – $235.4K
NOI $14,123 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.2K
$382.6K – $510.1K
NOI $30,605 @ 7.0% cap · market cap 6.18%
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
5,864
Businesses Nearby
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Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom layout combines a private patio, flexible bonus area, and two full bathrooms.
Where is this residential income property located?
The property is located at 1240 4TH STREET NW Unit T Washington, DC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 850‑square‑foot condo with one bedroom and two full bathrooms; Private 100‑square‑foot patio accessed through a recently installed sliding glass door; Open living and dining area, high ceilings, and hardwood floors
