One-Bedroom Cooperative
For Sale
$249,900
1245 4TH STREET SW Unit E707, Washington, DC 20024
A renovated kitchen, private balcony and building amenities complement this Washington, DC residence.
Property Size840 SF
Price / SF$297.50
Days on Market177
Property Features for 1245 4TH STREET SW Unit E707
General Information
Standard status
Active
Size
840 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$1,280
Taxes and HOA fees
Annual Taxes
$331,508
Amenities
24-hour front desk
fitness center
outdoor pool
landscaped grounds
community laundry
private balcony
Building Details
Building Size
840 SF
Year Built
1964
Listing Agency:
Keller Williams Capital Properties
Listed By:
Lee Gochman · License #676238
(631) 356-4276
Source:
Districtpropertygroup
Added: May 7
Changed: Oct 28
Last Checked: Oct 28 at 1:50AM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom cooperative residence offers approximately 840 square feet of living space. The layout includes an open living and dining area, parquet flooring, generous closet storage and a private balcony. The kitchen has granite countertops and stainless steel appliances, and the bathroom has been updated. The building dates to 1964.
Residents have access to a 24-hour front desk, fitness center, outdoor pool, landscaped grounds and community laundry. The Waterfront Metro station is approximately one block away. The property is in Southwest Washington, near The Wharf, dining, shopping, parks, East Potomac Park, Nationals Park and downtown.
Residents have access to a 24-hour front desk, fitness center, outdoor pool, landscaped grounds and community laundry. The Waterfront Metro station is approximately one block away. The property is in Southwest Washington, near The Wharf, dining, shopping, parks, East Potomac Park, Nationals Park and downtown.
Key Highlights
- 840 square feet with one bedroom and one bathroom
- Private balcony and open living and dining area
- Renovated kitchen with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,957
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,140
$279.1K
Cap Rate 7%
$199,386
$199.4K
Cap Rate 9%
$155,078
$155.1K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$26.7K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$25.4K $30.21/SF
− OpEx
−$11.4K −$13.59/SF
NOI
$14.0K $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%
$279,140
Cap Rate 7%
$199,386
Cap Rate 9%
$155,078
Alternative Uses
Best Use
Apartment 5plus
$199.4K
$174.5K – $232.6K
NOI $13,957 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 12.10%
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
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 renovated kitchen, private balcony and building amenities complement this Washington, DC residence.
Where is this residential income property located?
The property is located at 1245 4TH STREET SW Unit E707 Washington, DC.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 840 square feet with one bedroom and one bathroom; Private balcony and open living and dining area; Renovated kitchen with granite countertops and stainless steel appliances
