Residential Income Property with
New
For Sale
$299,900
1245 4TH STREET SW Unit E400, Washington, DC 20024
An updated residence offers a built-in desk nook, generous closets, and access to shared fitness and recreation amenities.
Property Size836 SF
Price / SF$358.73
Days on Market6
Property Features for 1245 4TH STREET SW Unit E400
General Information
Standard status
Active
Size
836 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Furnished
No
Asking Price
$299,900
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$549,400
Amenities
24-hour concierge and security
outdoor pool
manicured grounds
two fitness centers
community clubhouse
pet-friendly
on-site laundry
storage
high-speed internet
cable
Building Details
Building Size
836 SF
Year Built
1964
Listing Agency:
Washington Fine Properties ,LLC
Listed By:
Kristopher F. Nelson · License #SP98376323
(202) 258-8657
Source:
Kwcapitalproperties
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 6 at 12:07AM
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 Washington Fine Properties ,LLC
Investment Insights
Based on property information with market context.
This 836-square-foot cooperative residence pairs an expansive living and dining area with a balcony, large windows, and a sliding glass door. The kitchen has stainless steel appliances, stone countertops, and tilework; updated dark wood floors run throughout, and the bathroom has been renovated. An oversized bedroom, generous closets, and a built-in desk nook add practical storage and workspace. Existing furniture may convey if desired.
Metro service, a supermarket, a waterfront park, and the river are steps from the building. The property is near The Wharf’s restaurants and nightlife, with Capitol Hill, Navy Yard, downtown Washington, Arlington, and Reagan National Airport also within reach. Building amenities include a 24-hour concierge and security, an outdoor pool, two fitness centers, a clubhouse, and landscaped grounds. The cooperative fee covers property taxes, utilities, internet, cable, insurance, and amenities. On-site laundry and storage are available, and the community permits pets.
Metro service, a supermarket, a waterfront park, and the river are steps from the building. The property is near The Wharf’s restaurants and nightlife, with Capitol Hill, Navy Yard, downtown Washington, Arlington, and Reagan National Airport also within reach. Building amenities include a 24-hour concierge and security, an outdoor pool, two fitness centers, a clubhouse, and landscaped grounds. The cooperative fee covers property taxes, utilities, internet, cable, insurance, and amenities. On-site laundry and storage are available, and the community permits pets.
Key Highlights
- 836‑square‑foot cooperative residence with balcony and sliding glass door
- Updated kitchen with stainless steel appliances, stone countertops, and tilework
- Renovated bathroom and updated dark wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,891
Cap Rate
4.63%
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 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.0K
$376.3K – $501.7K
NOI $30,101 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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 - An updated residence offers a built-in desk nook, generous closets, and access to shared fitness and recreation amenities.
Where is this residential income property located?
The property is located at 1245 4TH STREET SW Unit E400 Washington, DC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 836‑square‑foot cooperative residence with balcony and sliding glass door; Updated kitchen with stainless steel appliances, stone countertops, and tilework; Renovated bathroom and updated dark wood floors
