Residential Income Property with
For Sale
$499,000
1311 K STREET SE Unit 1, Washington, DC 20003
Two-bedroom condominium with private outdoor areas, updated interiors, and access to shared backyard amenities.
Property Size1,179 SF
Price / SF$423.24
Days on Market127
Property Features for 1311 K STREET SE Unit 1
General Information
Standard status
Active
Size
1,179 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$237
Taxes and HOA fees
Annual Taxes
$4,446
Amenities
private patio
backyard area
grill
storage shed
in-unit washer/dryer
Building Details
Building Size
1,179 SF
Year Built
1900
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Sheila Walter · License #SP98375533
(202) 203-8180
Source:
Kerishull
Added: Jun 26
Changed: Oct 25
Last Checked: Oct 28 at 1:39PM
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.
Unit 1 is a 1,179-square-foot condominium in a building constructed in 1900, offering two bedrooms and two full bathrooms. The residence features an open living arrangement, high ceilings, hardwood flooring, and a kitchen equipped with marble counters, a breakfast bar, white cabinetry, and stainless steel appliances. The primary suite includes a private bathroom with dual vanities and patio access, while the second bedroom also has outdoor space. In-unit laundry and a second full bathroom add practical functionality.
The property is positioned on the southern edge of Capitol Hill, east of the Navy Yard, with access to dining, shopping, entertainment, transportation, the halls of Congress, and Nationals games. A shared backyard includes a grill and storage shed. The condominium fee covers water, gas, sewer, trash disposal, and building reserves. The property is pet friendly and has rental policies suitable for owner occupancy or investment use.
The property is positioned on the southern edge of Capitol Hill, east of the Navy Yard, with access to dining, shopping, entertainment, transportation, the halls of Congress, and Nationals games. A shared backyard includes a grill and storage shed. The condominium fee covers water, gas, sewer, trash disposal, and building reserves. The property is pet friendly and has rental policies suitable for owner occupancy or investment use.
Key Highlights
- 1,179‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
- Primary suite includes an en suite bath, dual vanities, and private patio access
- Open interior with hardwood flooring, high ceilings, and marble kitchen counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,590
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,800
$391.8K
Cap Rate 7%
$279,857
$279.9K
Cap Rate 9%
$217,667
$217.7K
Market Conditions
NOI Build-Up for 1,179 SF
Gross rent
$37.5K $31.80/SF
− Vacancy
−$1.9K −$1.59/SF
EGI
$35.6K $30.21/SF
− OpEx
−$16.0K −$13.59/SF
NOI
$19.6K $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%
$391,800
Cap Rate 7%
$279,857
Cap Rate 9%
$217,667
Alternative Uses
Best Use
Apartment 5plus
$279.9K
$244.9K – $326.5K
NOI $19,590 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.4K
$530.6K – $707.5K
NOI $42,451 @ 7.0% cap · market cap 8.51%
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
2,243
Businesses Nearby
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Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with private outdoor areas, updated interiors, and access to shared backyard amenities.
Where is this residential income property located?
The property is located at 1311 K STREET SE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,179‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; Primary suite includes an en suite bath, dual vanities, and private patio access; Open interior with hardwood flooring, high ceilings, and marble kitchen counters
