Updated One-Bedroom Income
For Sale
$375,000
1245 13TH STREET NW Unit 412, Washington, DC 20005
Bright condominium residence with an open layout, in-unit laundry, secure entry, and access to a shared rooftop deck.
Property Size651 SF
Days on Market259
Property Features for 1245 13TH STREET NW Unit 412
General Information
Standard status
Active
Size
651 SF
Property subtype
Unit/Flat/Apartment
Building Details
Building Size
651 SF
Year Built
1981
Listing Agency:
Margaret S Lamberton Real Estate
Listed By:
Ian T Burris · License #BR40000492
(703) 300-4476
Source:
Kwcapitalproperties
Added: Feb 2
Changed: Oct 13
Last Checked: Oct 16 at 4:17PM
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 Margaret S Lamberton Real Estate
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Investment Insights
Based on property information with market context.
This updated one-bedroom residential income property combines an open living arrangement with practical everyday features. The kitchen includes stainless steel appliances, a granite-topped eating counter, backsplash detailing, and chestnut cabinetry. Wide-plank hardwood flooring extends through the living spaces and bedroom, while large windows bring substantial natural light into the home. The layout accommodates distinct living, dining, work, and storage areas without closing off the main room. A washer and dryer are located inside the unit, and the bathroom offers a tub-shower combination, tiled flooring, and a white vanity. The bedroom includes two closets and additional windows.
The Logan Park Condo provides secure entry and a shared roof deck with views. The property offers access to Metro service, restaurants, and shopping in Logan Circle. Pets are permitted, and the condominium fee includes all utilities. Built in 1981.
The Logan Park Condo provides secure entry and a shared roof deck with views. The property offers access to Metro service, restaurants, and shopping in Logan Circle. Pets are permitted, and the condominium fee includes all utilities. Built in 1981.
Key Highlights
- Updated one‑bedroom condominium with an open living arrangement
- Stainless steel appliances, granite eating counter, backsplash, and chestnut cabinetry
- Wide‑plank hardwood flooring and large windows throughout key living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,817
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,340
$216.3K
Cap Rate 7%
$154,529
$154.5K
Cap Rate 9%
$120,189
$120.2K
Market Conditions
NOI Build-Up for 651 SF
Gross rent
$20.7K $31.80/SF
− Vacancy
−$1.0K −$1.59/SF
EGI
$19.7K $30.21/SF
− OpEx
−$8.9K −$13.59/SF
NOI
$10.8K $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%
$216,340
Cap Rate 7%
$154,529
Cap Rate 9%
$120,189
Alternative Uses
Best Use
Apartment 5plus
$154.5K
$135.2K – $180.3K
NOI $10,817 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.9K
$293.0K – $390.7K
NOI $23,440 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
16,717
Businesses Nearby
Explore this area
Business Placement
Demographics for 20005, DC
12,953
Population
9,558
Households
1.4
Avg Household Size
35
Median Age
80%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
32,383
Density / Sq Mi
$111,960
Median Household Income
$100,188
Median Earnings
$2,223
Median Rent
$636,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright condominium residence with an open layout, in-unit laundry, secure entry, and access to a shared rooftop deck.
Where is this residential income property located?
The property is located at 1245 13TH STREET NW Unit 412 Washington, DC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Updated one‑bedroom condominium with an open living arrangement; Stainless steel appliances, granite eating counter, backsplash, and chestnut cabinetry; Wide‑plank hardwood flooring and large windows throughout key living areas
