Occupied Residential Income
New
For Sale
$660,000
1341 29TH St SE, Washington, DC 20020
Built in 1938, the property is occupied and offered in its current condition without inspection access.
Property Size2,832 SF
Days on Market3
Property Features for 1341 29TH St SE
General Information
Standard status
Active
Size
2,832 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,181
Building Details
Building Size
2,832 SF
Year Built
1938
Units
4
Listing Agency:
Long & Foster Real Estate
Listed By:
Daniel B Register IV · License #534790
(410) 531-0321
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:17PM
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 Long & Foster Real Estate
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Investment Insights
Based on property information with market context.
This residential income property at 1341 29th St SE in Washington, DC, dates to 1938. It is occupied and offered in its existing condition; inspections and other access are not available. The bedroom and bathroom count is estimated and not guaranteed.
The property has a Walk Score of 78, a Bike Score of 71, and a Transit Score of 63. Bids are submitted online during the auction period and are subject to seller approval.
The property has a Walk Score of 78, a Bike Score of 71, and a Transit Score of 63. Bids are submitted online during the auction period and are subject to seller approval.
Key Highlights
- Built in 1938
- Occupied property offered in its current condition
- Inspections and other access are unavailable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,707
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,140
$894.1K
Cap Rate 7%
$638,671
$638.7K
Cap Rate 9%
$496,744
$496.7K
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$86.7K $30.60/SF
− Vacancy
−$5.4K −$1.90/SF
EGI
$81.3K $28.70/SF
− OpEx
−$36.6K −$12.92/SF
NOI
$44.7K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,140
Cap Rate 7%
$638,671
Cap Rate 9%
$496,744
Alternative Uses
Best Use
Apartment 5plus
$638.7K
$558.8K – $745.1K
NOI $44,707 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,352 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1938, the property is occupied and offered in its current condition without inspection access.
Where is this residential income property located?
The property is located at 1341 29TH St SE Washington, DC.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Built in 1938; Occupied property offered in its current condition; Inspections and other access are unavailable
