Top-Floor Residential Income
For Sale
$339,900
1353 ADAMS STREET NE Unit 3, Washington, DC 20018
Bright two-bedroom unit with an open living area, hardwood floors, granite island, and in-unit laundry.
Property Size733 SF
Days on Market32
Property Features for 1353 ADAMS STREET NE Unit 3
General Information
Standard status
Active
Size
733 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,900
Amenities
stainless steel appliances
granite island
hardwood flooring
washer/dryer
shared outdoor space
built-in bookshelves
Building Details
Building Size
733 SF
Year Built
1942
Listing Agency:
Compass
Listed By:
Semyon Sarver
(703) 509-4300
Source:
Kwcapitalproperties
Added: Sep 18
Changed: Oct 17
Last Checked: Oct 16 at 4:28PM
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
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Investment Insights
Based on property information with market context.
This top-floor two-bedroom, one-bath residential unit offers an open-concept main living area with abundant natural light. Hardwood flooring extends through the living space, while the kitchen is equipped with stainless steel appliances, ample cabinetry, and a granite island. One bedroom includes built-in bookshelves, and a separate hallway entrance provides access to the shared outdoor area. The hallway also offers practical space for coats, shoes, and storage, and the unit includes an in-unit washer and dryer.
The property is part of a small condo association at 1353 Adams Street NE, Unit 3, in Washington, DC 20018. Nearby destinations include Union Market, Rhode Island Ave Metro, Target, pet stores, and breweries in Ivy City. The building was constructed in 1942.
The property is part of a small condo association at 1353 Adams Street NE, Unit 3, in Washington, DC 20018. Nearby destinations include Union Market, Rhode Island Ave Metro, Target, pet stores, and breweries in Ivy City. The building was constructed in 1942.
Key Highlights
- Top‑floor two‑bedroom, one‑bath unit
- Open‑concept living area with natural light and hardwood flooring
- Kitchen with stainless steel appliances, ample cabinetry, and granite island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,179
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,580
$243.6K
Cap Rate 7%
$173,986
$174.0K
Cap Rate 9%
$135,322
$135.3K
Market Conditions
NOI Build-Up for 733 SF
Gross rent
$23.3K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$22.1K $30.21/SF
− OpEx
−$10.0K −$13.59/SF
NOI
$12.2K $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%
$243,580
Cap Rate 7%
$173,986
Cap Rate 9%
$135,322
Alternative Uses
Best Use
Apartment 5plus
$174.0K
$152.2K – $203.0K
NOI $12,179 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.0K
$329.9K – $439.9K
NOI $26,392 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,701
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
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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 - Bright two-bedroom unit with an open living area, hardwood floors, granite island, and in-unit laundry.
Where is this residential income property located?
The property is located at 1353 ADAMS STREET NE Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Top‑floor two‑bedroom, one‑bath unit; Open‑concept living area with natural light and hardwood flooring; Kitchen with stainless steel appliances, ample cabinetry, and granite island
