Penthouse Residential
For Sale
$249,000
1245 4TH STREET SW Unit E800, Washington, DC 20024
Top-floor one-bedroom residence with a balcony, office area, and views of the DC skyline.
Property Size836 SF
Price / SF$297.85
Days on Market50
Property Features for 1245 4TH STREET SW Unit E800
General Information
Standard status
Active
Size
836 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Additional Details
HOA Fee
$582.55
Multifamily Units
1
Amenities
24 hour Concierge
Pool
Renovated Fitness Center
Outdoor Grilling
Club House
Community Center
Laundry Room
Reading Area
Outdoor Fountain
Grounds/Grass Area
Sitting Area
On Site Maintenance
Building Details
Building Size
836 SF
Year Built
1966
Listing Agency:
RLAH @properties
Listed By:
Deborah A Fox · License #sp98366636
(202) 332-4369
Source:
Jackrealtygroup
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 3:53PM
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 836-square-foot, one-bedroom cooperative residence occupies the building’s top floor. The floor plan includes an open living area, a separate office space, parquet flooring, updated appliances, and a balcony. The unit was built in 1966 and has views that include the Capitol and Washington Monument.
Building amenities include concierge service, a pool, two gyms, a community center, outdoor grilling areas, and on-site maintenance. Garage parking is available, and pets are welcome. The property is across the street from the Potomac and near the Wharf, Arena Stage, a Metro station, and a grocery store.
Building amenities include concierge service, a pool, two gyms, a community center, outdoor grilling areas, and on-site maintenance. Garage parking is available, and pets are welcome. The property is across the street from the Potomac and near the Wharf, Arena Stage, a Metro station, and a grocery store.
Key Highlights
- 836‑square‑foot, one‑bedroom cooperative unit on the top floor
- Balcony and open living area with views of the DC skyline, Capitol, and Washington Monument
- Separate office area, parquet flooring, and updated appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,891
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,820
$277.8K
Cap Rate 7%
$198,443
$198.4K
Cap Rate 9%
$154,344
$154.3K
Market Conditions
NOI Build-Up for 836 SF
Gross rent
$26.6K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$25.3K $30.21/SF
− OpEx
−$11.4K −$13.59/SF
NOI
$13.9K $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%
$277,820
Cap Rate 7%
$198,443
Cap Rate 9%
$154,344
Alternative Uses
Best Use
Apartment 5plus
$198.4K
$173.6K – $231.5K
NOI $13,891 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.0K
$376.3K – $501.7K
NOI $30,101 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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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 - Top-floor one-bedroom residence with a balcony, office area, and views of the DC skyline.
Where is this residential income property located?
The property is located at 1245 4TH STREET SW Unit E800 Washington, DC.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 836‑square‑foot, one‑bedroom cooperative unit on the top floor; Balcony and open living area with views of the DC skyline, Capitol, and Washington Monument; Separate office area, parquet flooring, and updated appliances
