Two-Level Residential Income
For Sale
$485,000
1390 V STREET NW Unit 217, Washington, DC 20009
Contemporary residence with granite kitchen counters, stainless appliances, dedicated office, and attached underground garage parking.
Property Size780 SF
Days on Market107
Property Features for 1390 V STREET NW Unit 217
General Information
Standard status
Active
Size
780 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
U Street
Taxes and HOA fees
Annual Taxes
$4,251
Building Details
Building Size
780 SF
Year Built
2005
Listing Agency:
EJF Real Estate Services
Listed By:
Tom E Zorc · License #SP100310
(202) 365-2526
Source:
Kwcapitalproperties
Added: Jul 17
Changed: Oct 29
Last Checked: Oct 30 at 11:01PM
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 EJF Real Estate Services
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Investment Insights
Based on property information with market context.
Built in 2005, this two-level apartment includes 1 bedroom, 1.5 bathrooms, and a separate office area. The entry level has a coat closet and powder room, while the upper floor adds a walk-in closet, ensuite bathroom, and washer-dryer. Open living space features wood flooring and large east-facing windows. The kitchen is equipped with granite counters and stainless steel appliances.
The property is in Washington’s U Street neighborhood near the 14th & U street corridors. Shops, restaurants, cultural attractions, Metro access, and grocery stores including Trader Joe’s, Harris Teeter, and Whole Foods are nearby. An attached underground garage provides parking, and residents have access to shared outdoor community space.
The property is in Washington’s U Street neighborhood near the 14th & U street corridors. Shops, restaurants, cultural attractions, Metro access, and grocery stores including Trader Joe’s, Harris Teeter, and Whole Foods are nearby. An attached underground garage provides parking, and residents have access to shared outdoor community space.
Key Highlights
- 1 bedroom plus separate office area across 2 levels
- 1.5 bathrooms, including an upper‑level ensuite
- Granite kitchen counters with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,179
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,580
$303.6K
Cap Rate 7%
$216,843
$216.8K
Cap Rate 9%
$168,656
$168.7K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$29.3K $37.56/SF
− Vacancy
−$1.7K −$2.18/SF
EGI
$27.6K $35.38/SF
− OpEx
−$12.4K −$15.92/SF
NOI
$15.2K $19.46/SF
Area
ZIP 20009
Vacancy
5.80%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,580
Cap Rate 7%
$216,843
Cap Rate 9%
$168,656
Alternative Uses
Best Use
Apartment 5plus
$216.8K
$189.7K – $253.0K
NOI $15,179 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.2K
$351.1K – $468.1K
NOI $28,084 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
6,050
Businesses Nearby
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Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary residence with granite kitchen counters, stainless appliances, dedicated office, and attached underground garage parking.
Where is this residential income property located?
The property is located at 1390 V STREET NW Unit 217 Washington, DC.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1 bedroom plus separate office area across 2 levels; 1.5 bathrooms, including an upper‑level ensuite; Granite kitchen counters with stainless steel appliances
