Residential Income Property with Rooftop
New
For Sale
$649,000
1341 PENNSYLVANIA AVENUE SE Unit 1B, Washington, DC 20003
A two-level condominium offers distinct living and sleeping areas, in-unit laundry, and access to a shared rooftop deck.
Property Size1,352 SF
Price / SF$480.03
Days on Market7
Property Features for 1341 PENNSYLVANIA AVENUE SE Unit 1B
General Information
Standard status
Active
Size
1,352 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
secured access
shared rooftop deck
in-unit laundry
Building Details
Building Size
1,352 SF
Year Built
2026
Listing Agency:
Samson Properties
Listed By:
Kelly A Jackson · License #SP200206056
(240) 385-9905
Source:
Barnesrealestatecompany
Added: Oct 12
Changed: Oct 17
Last Checked: Oct 16 at 5:14PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This two-level condominium at 1341 Pennsylvania Avenue SE has 1,352 square feet, with two bedrooms and 2.5 bathrooms. The main floor combines the living, kitchen, and dining areas; both bedrooms are downstairs. Kitchen features include stainless steel appliances and granite countertops, and the unit has in-home laundry. The building provides secured entry and a shared rooftop deck. Built in 2026, the property is in Washington, DC’s Capitol Hill area.
Eastern Market, Barracks Row restaurants, neighborhood shops, parks, and the U.S. Capitol are among the nearby destinations. Metro and public transportation are also nearby. On-street parking is available directly in front of the building.
Eastern Market, Barracks Row restaurants, neighborhood shops, parks, and the U.S. Capitol are among the nearby destinations. Metro and public transportation are also nearby. On-street parking is available directly in front of the building.
Key Highlights
- Two‑level condominium with 1,352 square feet
- Two bedrooms and 2.5 bathrooms
- Kitchen with stainless steel appliances and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,464
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,280
$449.3K
Cap Rate 7%
$320,914
$320.9K
Cap Rate 9%
$249,600
$249.6K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$43.0K $31.80/SF
− Vacancy
−$2.1K −$1.59/SF
EGI
$40.8K $30.21/SF
− OpEx
−$18.4K −$13.59/SF
NOI
$22.5K $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%
$449,280
Cap Rate 7%
$320,914
Cap Rate 9%
$249,600
Alternative Uses
Best Use
Apartment 5plus
$320.9K
$280.8K – $374.4K
NOI $22,464 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$695.4K
$608.5K – $811.3K
NOI $48,680 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,530
Businesses Nearby
Explore this area
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 - A two-level condominium offers distinct living and sleeping areas, in-unit laundry, and access to a shared rooftop deck.
Where is this residential income property located?
The property is located at 1341 PENNSYLVANIA AVENUE SE Unit 1B Washington, DC.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑level condominium with 1,352 square feet; Two bedrooms and 2.5 bathrooms; Kitchen with stainless steel appliances and granite countertops
