Residential Income Property with
For Sale
$239,000
1245 4TH STREET SW Unit E606, Washington, DC 20024
A one-bedroom cooperative residence features an updated kitchen, renovated bath, and private outdoor space.
Property Size860 SF
Price / SF$277.91
Days on Market35
Property Features for 1245 4TH STREET SW Unit E606
General Information
Standard status
Active
Size
860 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Building Details
Building Size
860 SF
Year Built
1966
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Samuel Pastore
(202) 441-9823
Source:
Districtpropertygroup
Added: Sep 25
Changed: Oct 27
Last Checked: Oct 26 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 Coldwell Banker Realty - Washington
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Investment Insights
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This 807-square-foot cooperative apartment has one bedroom and one bathroom, with new flooring throughout. The kitchen includes stone countertops, ceramic flooring, and gas cooking; the bathroom has updated tile and a shower-tub combination. A private, south-facing balcony overlooks a landscaped courtyard. The building dates to 1964.
Tiber Island offers a 24-hour front desk, outdoor swimming pool, BBQ grills, two fitness rooms, rental storage, and landscaped grounds. The co-op fee covers property taxes, utilities, cable, and internet. Nearby destinations include The Wharf, Yards Park, and Arena Stage, with grocery stores and dry cleaners close by. I-395, I-695, and Metro stations provide transportation connections.
Owners must occupy the unit as their primary residence. Renting may begin after two years of ownership, subject to the cooperative’s requirements. Laundry facilities are located in the basement, and in-unit washer and dryer installation is not permitted.
Tiber Island offers a 24-hour front desk, outdoor swimming pool, BBQ grills, two fitness rooms, rental storage, and landscaped grounds. The co-op fee covers property taxes, utilities, cable, and internet. Nearby destinations include The Wharf, Yards Park, and Arena Stage, with grocery stores and dry cleaners close by. I-395, I-695, and Metro stations provide transportation connections.
Owners must occupy the unit as their primary residence. Renting may begin after two years of ownership, subject to the cooperative’s requirements. Laundry facilities are located in the basement, and in-unit washer and dryer installation is not permitted.
Key Highlights
- 807‑square‑foot, one‑bedroom, one‑bathroom cooperative apartment
- Private south‑facing balcony overlooks a landscaped courtyard
- Updated kitchen with stone countertops, ceramic flooring, and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,289
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,780
$285.8K
Cap Rate 7%
$204,129
$204.1K
Cap Rate 9%
$158,767
$158.8K
Market Conditions
NOI Build-Up for 860 SF
Gross rent
$27.3K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.0K $30.21/SF
− OpEx
−$11.7K −$13.59/SF
NOI
$14.3K $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%
$285,780
Cap Rate 7%
$204,129
Cap Rate 9%
$158,767
Alternative Uses
Best Use
Apartment 5plus
$204.1K
$178.6K – $238.2K
NOI $14,289 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$442.4K
$387.1K – $516.1K
NOI $30,965 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,013
Businesses Nearby
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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 - A one-bedroom cooperative residence features an updated kitchen, renovated bath, and private outdoor space.
Where is this residential income property located?
The property is located at 1245 4TH STREET SW Unit E606 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‑bathroom cooperative apartment; Private south‑facing balcony overlooks a landscaped courtyard; Updated kitchen with stone countertops, ceramic flooring, and gas cooking
