Two-Level Residential Income
New
For Sale
$599,900
1344 MONROE STREET NW Unit A, Washington, DC 20010
The home combines two separate living areas with private garage access and an upper-level balcony.
Property Size1,020 SF
Price / SF$588.14
Days on Market4
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Property Features for 1344 MONROE STREET NW Unit A
General Information
Standard status
Active
Size
1,020 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$325
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,769
Amenities
balcony
EV charger
Building Details
Building Size
1,020 SF
Year Built
2005
Listing Agency:
RE/MAX Excellence Realty
Listed By:
John R Young · License #SP98369306
(301) 732-5867
Source:
Barnesrealestatecompany
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 15 at 8:00AM
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 RE/MAX Excellence Realty
Investment Insights
Based on property information with market context.
This two-level residence offers 1,020 square feet, with two bedrooms and two full bathrooms arranged across distinct living areas. The main floor includes a kitchen with granite counters, stainless steel GE appliances, a Bosch dishwasher, under-cabinet lighting, and a pantry. The primary bedroom has a walk-in closet, an en-suite bath with double vanity, and access to a south-facing balcony. Downstairs, a second bedroom, full bath, and bonus room provide additional interior space. Maple engineered wood floors and an updated kitchen complete the interior features.
The unit has a private garage with secured entry, plus a paved driveway for a second vehicle. A NEMA 50A EV charging port, HVAC, and a tankless Rinnai water heater are also included. Nearby destinations include Target, LiDL, Giant, and the Tivoli Theater complex. Columbia Heights Metro Station is 2.5 blocks away, and 14th Street bus lines stop at the corner. The community allows pets.
The unit has a private garage with secured entry, plus a paved driveway for a second vehicle. A NEMA 50A EV charging port, HVAC, and a tankless Rinnai water heater are also included. Nearby destinations include Target, LiDL, Giant, and the Tivoli Theater complex. Columbia Heights Metro Station is 2.5 blocks away, and 14th Street bus lines stop at the corner. The community allows pets.
Key Highlights
- 1,020 square feet with two bedrooms and two full bathrooms
- Two distinct living areas, plus a bonus room
- Private garage with secured unit entry and NEMA 50A EV charger port
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,948
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,960
$339.0K
Cap Rate 7%
$242,114
$242.1K
Cap Rate 9%
$188,311
$188.3K
Market Conditions
NOI Build-Up for 1,020 SF
Gross rent
$32.4K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$30.8K $30.21/SF
− OpEx
−$13.9K −$13.59/SF
NOI
$16.9K $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%
$338,960
Cap Rate 7%
$242,114
Cap Rate 9%
$188,311
Alternative Uses
Best Use
Apartment 5plus
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.7K
$459.1K – $612.1K
NOI $36,726 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,422
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 - The home combines two separate living areas with private garage access and an upper-level balcony.
Where is this residential income property located?
The property is located at 1344 MONROE STREET NW Unit A Washington, DC.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1,020 square feet with two bedrooms and two full bathrooms; Two distinct living areas, plus a bonus room; Private garage with secured unit entry and NEMA 50A EV charger port
