Two-Unit Residential Income
For Sale
$949,900
1343 NEWTON STREET NW Unit 2, Washington, DC 20010
Three-bedroom residence with a private roof deck, secure parking, and flexible living space across two upper levels.
Property Size1,696 SF
Price / SF$560.08
Days on Market27
Property Features for 1343 NEWTON STREET NW Unit 2
General Information
Standard status
Active
Size
1,696 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,957
Amenities
private roof deck
secure parking
in-unit laundry
Building Details
Building Size
1,696 SF
Year Built
1909
Listing Agency:
Compass
Listed By:
Michael Lederman · License #SP98373675
(703) 346-0455
Source:
Kerishull
Added: Sep 10
Changed: Oct 3
Last Checked: Oct 5 at 10:52PM
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 Compass
Investment Insights
Based on property information with market context.
Unit 2 occupies the upper two floors of a two-unit building and offers 1696 sf of interior space with three bedrooms and three full baths. The main level combines an open living area, dining nook, and kitchen with marble countertops, an extra-wide island, Bosch and KitchenAid appliances, and shaker cabinetry. A flexible room with custom wood built-ins provides additional living, office, or bedroom space. The upper level includes a wide primary suite with built-in closets and a private bath, a second bedroom with an en-suite bath, and laundry access.
A private roof deck extends the home outdoors, while an interior staircase connects the living area directly to secure rear parking. The property is located at 1343 NEWTON STREET NW in Washington, DC, near Columbia Heights Metro, Target, the Mount Pleasant Library, Columbia Heights Farmers Market, and Rock Creek Park. Built in 1909.
A private roof deck extends the home outdoors, while an interior staircase connects the living area directly to secure rear parking. The property is located at 1343 NEWTON STREET NW in Washington, DC, near Columbia Heights Metro, Target, the Mount Pleasant Library, Columbia Heights Farmers Market, and Rock Creek Park. Built in 1909.
Key Highlights
- 1696 sf of interior space
- Three bedrooms and three full baths
- Private roof deck with city and sky views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,180
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,600
$563.6K
Cap Rate 7%
$402,571
$402.6K
Cap Rate 9%
$313,111
$313.1K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$53.9K $31.80/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$51.2K $30.21/SF
− OpEx
−$23.1K −$13.59/SF
NOI
$28.2K $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%
$563,600
Cap Rate 7%
$402,571
Cap Rate 9%
$313,111
Alternative Uses
Best Use
Apartment 5plus
$402.6K
$352.3K – $469.7K
NOI $28,180 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$872.4K
$763.3K – $1.02M
NOI $61,066 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with a private roof deck, secure parking, and flexible living space across two upper levels.
Where is this residential income property located?
The property is located at 1343 NEWTON STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 1696 sf of interior space; Three bedrooms and three full baths; Private roof deck with city and sky views
