Corner Penthouse Income
For Sale
$380,000
1325 18TH STREET NW Unit 1002, Washington, DC 20036
Renovated one-bedroom residence with a private balcony and updated kitchen and bath.
Property Size779 SF
Price / SF$487.80
Days on Market106
Property Features for 1325 18TH STREET NW Unit 1002
General Information
Standard status
Active
Size
779 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Dupont Circle
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,806
Amenities
concierge
secure building access
on-site management
rooftop pool
in-building public parking
laundry facilities
private balcony
Building Details
Building Size
779 SF
Year Built
1974
Listing Agency:
RLAH @properties
Listed By:
Laura K Biederman
(202) 309-1350
Source:
Canopy-re
Added: Jul 16
Changed: Oct 27
Last Checked: Oct 26 at 12:44PM
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 corner penthouse residence measures 779 square feet and includes one bedroom, a walk-in closet with a built-in organization system, and a private balcony. The kitchen has white cabinetry, stainless steel appliances, marble bar seating, and a tile backsplash. Updates also include the full bath, living-area flooring, and two in-wall HVAC units installed in 2025.
The Palladium provides a 24-hour concierge, controlled building entry, on-site management, a rooftop pool, public parking within the building, and laundry facilities on every floor. The property is at 1325 18th Street NW in Washington, DC, near Dupont Circle Metro, Embassy Row, and Connecticut Avenue. Pets are not permitted in the building.
The Palladium provides a 24-hour concierge, controlled building entry, on-site management, a rooftop pool, public parking within the building, and laundry facilities on every floor. The property is at 1325 18th Street NW in Washington, DC, near Dupont Circle Metro, Embassy Row, and Connecticut Avenue. Pets are not permitted in the building.
Key Highlights
- 779‑square‑foot corner penthouse with a private balcony
- One bedroom and a walk‑in closet with a custom built‑in system
- Updated kitchen with stainless steel appliances and a marble bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,943
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,860
$258.9K
Cap Rate 7%
$184,900
$184.9K
Cap Rate 9%
$143,811
$143.8K
Market Conditions
NOI Build-Up for 779 SF
Gross rent
$24.8K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.5K $30.21/SF
− OpEx
−$10.6K −$13.59/SF
NOI
$12.9K $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%
$258,860
Cap Rate 7%
$184,900
Cap Rate 9%
$143,811
Alternative Uses
Best Use
Apartment 5plus
$184.9K
$161.8K – $215.7K
NOI $12,943 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.7K
$350.6K – $467.5K
NOI $28,048 @ 7.0% cap · market cap 7.38%
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
27,523
Businesses Nearby
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Business Placement
Demographics for 20036, DC
6,109
Population
4,383
Households
1.4
Avg Household Size
33
Median Age
95%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
20,363
Density / Sq Mi
$105,800
Median Household Income
$98,527
Median Earnings
$2,301
Median Rent
$442,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated one-bedroom residence with a private balcony and updated kitchen and bath.
Where is this residential income property located?
The property is located at 1325 18TH STREET NW Unit 1002 Washington, DC.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 779‑square‑foot corner penthouse with a private balcony; One bedroom and a walk‑in closet with a custom built‑in system; Updated kitchen with stainless steel appliances and a marble bar
