One-Bedroom Co-op
For Sale
$239,000
1245 4TH STREET SW Unit E-207, Washington, DC 20024
Updated kitchen and bath complement a private south-facing balcony with a courtyard outlook.
Property Size807 SF
Price / SF$296.16
Days on Market88
Property Features for 1245 4TH STREET SW Unit E-207
General Information
Standard status
Active
Size
807 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$1,279
Amenities
24-hour front desk
outdoor swimming pool
BBQ grills
fitness rooms
rental storage
landscaped courtyards
laundry in basement
private balcony
Building Details
Building Size
807 SF
Year Built
1964
Listing Agency:
Compass
Listed By:
Steven Dean · License #SP102455
(202) 525-6499
Source:
Mxwrealestate
Added: Aug 4
Changed: Oct 30
Last Checked: Oct 30 at 2:17AM
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 Compass
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Investment Insights
Based on property information with market context.
This 807-square-foot cooperative apartment at Tiber Island has one bedroom and one bathroom. The kitchen includes stone countertops, ceramic flooring, and gas cooking, while the bathroom has updated tile and a tub-shower combination. New flooring extends throughout the unit. A private balcony faces south toward the landscaped courtyard.
Completed in 1964, the community offers a 24-hour front desk, an outdoor pool, BBQ grills, two fitness rooms, and landscaped grounds. Laundry facilities are in the basement; in-unit washer and dryer installation is not permitted. The property is near The Wharf, Yards Park, Arena Stage, and Metro stations, with access to I-395 and I-695.
Occupancy by the owner as a primary residence is required. Renting is permitted after two years of ownership, subject to community rules; after four years of renting, further requests require a hardship exception approved by the Board. Each unit may have two pets.
Completed in 1964, the community offers a 24-hour front desk, an outdoor pool, BBQ grills, two fitness rooms, and landscaped grounds. Laundry facilities are in the basement; in-unit washer and dryer installation is not permitted. The property is near The Wharf, Yards Park, Arena Stage, and Metro stations, with access to I-395 and I-695.
Occupancy by the owner as a primary residence is required. Renting is permitted after two years of ownership, subject to community rules; after four years of renting, further requests require a hardship exception approved by the Board. Each unit may have two pets.
Key Highlights
- 807‑square‑foot, one‑bedroom, one‑bath cooperative apartment
- Private south‑facing balcony overlooking the landscaped courtyard
- Updated kitchen with stone countertops, ceramic flooring, and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,409
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,180
$268.2K
Cap Rate 7%
$191,557
$191.6K
Cap Rate 9%
$148,989
$149.0K
Market Conditions
NOI Build-Up for 807 SF
Gross rent
$25.7K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$24.4K $30.21/SF
− OpEx
−$11.0K −$13.59/SF
NOI
$13.4K $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%
$268,180
Cap Rate 7%
$191,557
Cap Rate 9%
$148,989
Alternative Uses
Best Use
Apartment 5plus
$191.6K
$167.6K – $223.5K
NOI $13,409 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$415.1K
$363.2K – $484.3K
NOI $29,057 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen and bath complement a private south-facing balcony with a courtyard outlook.
Where is this residential income property located?
The property is located at 1245 4TH STREET SW Unit E-207 Washington, DC.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 807‑square‑foot, one‑bedroom, one‑bath cooperative apartment; Private south‑facing balcony overlooking the landscaped courtyard; Updated kitchen with stone countertops, ceramic flooring, and gas cooking
