One-Bedroom Den Condo in
For Sale
$175,000
1251 MEIGS PLACE NE Unit 1, Washington, DC 20002
Bright one-bedroom plus den condo in a Federal-style 4-plex with updated windows, in-unit washer/dryer, and a back patio.
Property Size674 SF
Days on Market133
Property Features for 1251 MEIGS PLACE NE Unit 1
General Information
Standard status
Active
Size
674 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR+Den/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,639
Amenities
in-unit washer/dryer
back patio
Building Details
Building Size
674 SF
Year Built
1940
Construction
Federal Style
Listing Agency:
Realty ONE Group Capital
Listed By:
Halah Alwazir
(703) 896-2447
Source:
Kwcapitalproperties
Added: May 27
Changed: Oct 3
Last Checked: Oct 5 at 10:53PM
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 Realty ONE Group Capital
Investment Insights
Based on property information with market context.
Spacious and bright one-bedroom plus den, one-bath condo set within a Federal-style 4-plex built in 1940. Unit 1 features new LVP floors throughout, updated double-hung windows, and a large living/dining area designed for entertaining. The galley kitchen includes GE stainless steel appliances, a built-in microwave oven, a gas range, white Shaker-style cabinetry, granite countertops, and a breakfast nook.
The condo offers in-unit washer/dryer, recently painted interior spaces, and ample closet space throughout the living room, den, and rear bedroom. The building includes an inviting back patio that can be used for outdoor gatherings.
Located in Trinidad, the property is walkable to Union Market and H Street. It is also positioned near Gallaudet University, NOMA (Red Line) Metro trains, and city bus lines, with nearby access to restaurants and grocery options including ALDI Super Market. Walk Score is listed as 70%.
The condo offers in-unit washer/dryer, recently painted interior spaces, and ample closet space throughout the living room, den, and rear bedroom. The building includes an inviting back patio that can be used for outdoor gatherings.
Located in Trinidad, the property is walkable to Union Market and H Street. It is also positioned near Gallaudet University, NOMA (Red Line) Metro trains, and city bus lines, with nearby access to restaurants and grocery options including ALDI Super Market. Walk Score is listed as 70%.
Key Highlights
- Federal‑style 4‑plex built in 1940
- One‑bedroom plus den, one‑bath condo with new LVP floors
- Updated double‑hung windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,475
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,500
$229.5K
Cap Rate 7%
$163,929
$163.9K
Cap Rate 9%
$127,500
$127.5K
Market Conditions
NOI Build-Up for 674 SF
Gross rent
$22.2K $33.00/SF
− Vacancy
−$1.4K −$2.05/SF
EGI
$20.9K $30.95/SF
− OpEx
−$9.4K −$13.93/SF
NOI
$11.5K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,500
Cap Rate 7%
$163,929
Cap Rate 9%
$127,500
Alternative Uses
Best Use
Apartment 5plus
$163.9K
$143.4K – $191.3K
NOI $11,475 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.0K
$304.5K – $406.0K
NOI $24,359 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Bright one-bedroom plus den condo in a Federal-style 4-plex with updated windows, in-unit washer/dryer, and a back patio.
Where is this residential income property located?
The property is located at 1251 MEIGS PLACE NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Federal‑style 4‑plex built in 1940; One‑bedroom plus den, one‑bath condo with new LVP floors; Updated double‑hung windows throughout
