Residential Income Property with Hardwood
For Sale
$280,000
1300 CHILDRESS STREET NE Unit 2, Washington, DC 20002
The unit combines central A/C, stainless steel appliances, and in-unit laundry in a two-bedroom, one-bath layout.
Property Size762 SF
Days on Market73
Property Features for 1300 CHILDRESS STREET NE Unit 2
General Information
Standard status
Active
Size
762 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Trinidad
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Building Details
Building Size
762 SF
Year Built
1914
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Bobby L. Cato, Jr. · License #SP98376103
(202) 643-7750
Source:
Kwcapitalproperties
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 30 at 7:20PM
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
Based on property information with market context.
This residential income property is a two-bedroom, one-bath home with hardwood flooring and central A/C. The interior includes stainless steel appliances and a washer and dryer located within the unit. Built in 1914, the residence offers a defined configuration suited to residential occupancy.
The property is in Washington’s Trinidad neighborhood, with Union Market, Gallaudet University, the H Street Corridor, Metro, dining, shopping, and entertainment identified in the surrounding area. Its Northeast DC setting places daily services and transportation options within the broader local context.
The property is in Washington’s Trinidad neighborhood, with Union Market, Gallaudet University, the H Street Corridor, Metro, dining, shopping, and entertainment identified in the surrounding area. Its Northeast DC setting places daily services and transportation options within the broader local context.
Key Highlights
- Two‑bedroom, one‑bath residential income property
- Hardwood flooring throughout the home
- Central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,973
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,460
$259.5K
Cap Rate 7%
$185,329
$185.3K
Cap Rate 9%
$144,144
$144.1K
Market Conditions
NOI Build-Up for 762 SF
Gross rent
$25.1K $33.00/SF
− Vacancy
−$1.6K −$2.05/SF
EGI
$23.6K $30.95/SF
− OpEx
−$10.6K −$13.93/SF
NOI
$13.0K $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%
$259,460
Cap Rate 7%
$185,329
Cap Rate 9%
$144,144
Alternative Uses
Best Use
Apartment 5plus
$185.3K
$162.2K – $216.2K
NOI $12,973 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,695
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit combines central A/C, stainless steel appliances, and in-unit laundry in a two-bedroom, one-bath layout.
Where is this residential income property located?
The property is located at 1300 CHILDRESS STREET NE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath residential income property; Hardwood flooring throughout the home; Central A/C
