Two-Bedroom Residential Income
For Sale
$324,900
1245 4TH STREET SW Unit E-607, Washington, DC 20024
Cooperative residence with a private balcony, garage parking, and community amenities in Southwest DC.
Property Size807 SF
Days on Market12
Property Features for 1245 4TH STREET SW Unit E-607
General Information
Standard status
Active
Size
807 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$549,400
Amenities
private balcony
garden courtyards
green spaces
pedestrian pathways
swimming pool
BBQ grills
picnic areas
clubhouse
fitness centers
24-hour concierge
on-site management
laundry facilities
rental storage
pet-friendly
Building Details
Building Size
807 SF
Year Built
1964
Listing Agency:
RLAH @properties
Listed By:
Thomas H Gordon · License #SP98372028
(202) 361-6471
Source:
Kwcapitalproperties
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 16 at 4:50PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This two-bedroom, one-bath cooperative residence has a spacious living and dining area, oversized windows, sliding glass doors, and a private balcony. Garage parking is included. Built in 1964, the home is part of a community with a swimming pool, BBQ grills, picnic areas, a clubhouse, two fitness centers, laundry facilities, rental storage, and a 24-hour concierge. The property is pet-friendly, with professional on-site management and maintenance support.
Waterfront Metro and Safeway are one block away. The Wharf, Arena Stage, waterfront trails, restaurants, shops, entertainment, the marina, and boardwalk are nearby. Nationals Park, Audi Field, the National Mall, and downtown Washington are also accessible from the Southwest DC location.
The cooperative payment includes community operations and amenities, real estate taxes, electricity, water, sewer, building maintenance, unit HVAC and plumbing maintenance, and access to on-site maintenance for covered in-unit repairs.
Waterfront Metro and Safeway are one block away. The Wharf, Arena Stage, waterfront trails, restaurants, shops, entertainment, the marina, and boardwalk are nearby. Nationals Park, Audi Field, the National Mall, and downtown Washington are also accessible from the Southwest DC location.
The cooperative payment includes community operations and amenities, real estate taxes, electricity, water, sewer, building maintenance, unit HVAC and plumbing maintenance, and access to on-site maintenance for covered in-unit repairs.
Key Highlights
- Two‑bedroom, one‑bath cooperative residence with a private balcony
- Garage parking included
- Community features a pool, clubhouse, two fitness centers, laundry facilities, and 24‑hour concierge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,409
Cap Rate
4.13%
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 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$415.1K
$363.2K – $484.3K
NOI $29,057 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
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 - Cooperative residence with a private balcony, garage parking, and community amenities in Southwest DC.
Where is this residential income property located?
The property is located at 1245 4TH STREET SW Unit E-607 Washington, DC.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath cooperative residence with a private balcony; Garage parking included; Community features a pool, clubhouse, two fitness centers, laundry facilities, and 24‑hour concierge
