Residential Income Property with
For Sale
$499,900
1334 DOWNING PLACE NE Unit B, Washington, DC 20018
The condominium has a private side entrance and patio access from one of its bedrooms.
Property Size1,652 SF
Price / SF$302.97
Days on Market10
Property Features for 1334 DOWNING PLACE NE Unit B
General Information
Standard status
Active
Size
1,652 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,702
Amenities
private side entrance
in-unit washer and dryer
patio
Building Details
Building Size
1,652 SF
Year Built
1940
Construction
contemporary
Listing Agency:
Redfin Corp
Listed By:
Mehrnaz Bazargan · License #SP98376946
(301) 366-1970
Source:
Kwcapitalproperties
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 28 at 1:53PM
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 Redfin Corp
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Investment Insights
Based on property information with market context.
This 1,650-square-foot condominium offers three bedrooms, two full bathrooms, and 10-foot ceilings. A private side entrance leads into an open living and dining area connected to the kitchen, which has a breakfast bar. The primary bedroom includes two closets, including a walk-in, and an en-suite bathroom with a soaking tub and separate tiled shower. A second bedroom opens directly to the patio, and the unit also has an in-unit washer and dryer.
Brentwood Square and Rhode Island Place shopping centers are each less than a mile away. The Rhode Island Avenue–Brentwood Metro station serves the Red Line, with Ivy City, Union Market, and the National Arboretum also identified as nearby destinations. Rhode Island Avenue and New York Avenue provide routes through the city.
Brentwood Square and Rhode Island Place shopping centers are each less than a mile away. The Rhode Island Avenue–Brentwood Metro station serves the Red Line, with Ivy City, Union Market, and the National Arboretum also identified as nearby destinations. Rhode Island Avenue and New York Avenue provide routes through the city.
Key Highlights
- Three‑bedroom, two‑bathroom condominium with approximately 1,650 square feet
- 10‑foot ceilings and a private side entrance
- Patio access from the third bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,416
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,320
$548.3K
Cap Rate 7%
$391,657
$391.7K
Cap Rate 9%
$304,622
$304.6K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$52.5K $31.80/SF
− Vacancy
−$2.6K −$1.59/SF
EGI
$49.8K $30.21/SF
− OpEx
−$22.4K −$13.59/SF
NOI
$27.4K $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%
$548,320
Cap Rate 7%
$391,657
Cap Rate 9%
$304,622
Alternative Uses
Best Use
Apartment 5plus
$391.7K
$342.7K – $456.9K
NOI $27,416 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$848.7K
$742.6K – $990.2K
NOI $59,410 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,788
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The condominium has a private side entrance and patio access from one of its bedrooms.
Where is this residential income property located?
The property is located at 1334 DOWNING PLACE NE Unit B Washington, DC.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom condominium with approximately 1,650 square feet; 10‑foot ceilings and a private side entrance; Patio access from the third bedroom
