Residential Income Property with
For Sale
$489,900
1391 PENNSYLVANIA AVENUE SE Unit 457, Washington, DC 20003
The residence combines an open living area, a separate den, two full baths, and access to shared building amenities.
Property Size890 SF
Price / SF$550.45
Days on Market13
Property Features for 1391 PENNSYLVANIA AVENUE SE Unit 457
General Information
Standard status
Active
Size
890 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,170
Amenities
landscaped courtyard
rooftop deck
fitness center
community room
business center
Building Details
Building Size
890 SF
Year Built
2007
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Todd E Litchfield · License #SP98377047
(202) 600-1110
Source:
Kwcapitalproperties
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 5 at 10:21PM
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 Coldwell Banker Realty - Washington
Investment Insights
Based on property information with market context.
At Jenkins Row, this 890-square-foot residence has one bedroom, a den, and two full bathrooms. Hardwood flooring extends through the open living area, while the kitchen has granite counters and stainless-steel appliances. The bedroom and den have new carpet, and the primary suite includes an ensuite bath with a soaking tub. A fresh coat of paint is also noted throughout the home.
Building amenities include a landscaped courtyard, rooftop deck, fitness center, community room, business center, and dedicated secure garage parking. The Roost food hall and Streets Market are nearby, with restaurants and shops along Pennsylvania Avenue, Barracks Row, and Eastern Market. Potomac Avenue Metro is also nearby. The building was completed in 2007.
Building amenities include a landscaped courtyard, rooftop deck, fitness center, community room, business center, and dedicated secure garage parking. The Roost food hall and Streets Market are nearby, with restaurants and shops along Pennsylvania Avenue, Barracks Row, and Eastern Market. Potomac Avenue Metro is also nearby. The building was completed in 2007.
Key Highlights
- 890‑square‑foot residence with one bedroom, a den, and two full bathrooms
- Open living area with hardwood floors; bedroom and den have new carpet
- Kitchen fitted with granite counters and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,788
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,760
$295.8K
Cap Rate 7%
$211,257
$211.3K
Cap Rate 9%
$164,311
$164.3K
Market Conditions
NOI Build-Up for 890 SF
Gross rent
$28.3K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.9K $30.21/SF
− OpEx
−$12.1K −$13.59/SF
NOI
$14.8K $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%
$295,760
Cap Rate 7%
$211,257
Cap Rate 9%
$164,311
Alternative Uses
Best Use
Apartment 5plus
$211.3K
$184.9K – $246.5K
NOI $14,788 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.8K
$400.6K – $534.1K
NOI $32,045 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
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 - The residence combines an open living area, a separate den, two full baths, and access to shared building amenities.
Where is this residential income property located?
The property is located at 1391 PENNSYLVANIA AVENUE SE Unit 457 Washington, DC.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 890‑square‑foot residence with one bedroom, a den, and two full bathrooms; Open living area with hardwood floors; bedroom and den have new carpet; Kitchen fitted with granite counters and stainless‑steel appliances
