Residential Income Property with Walk-In
For Sale
$580,000
1406 T STREET NW Unit 1, Washington, DC 20009
Two-bedroom condominium with in-unit laundry and access to neighborhood dining, shopping, and transit.
Property Size1,012 SF
Days on Market104
Property Features for 1406 T STREET NW Unit 1
General Information
Standard status
Active
Size
1,012 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Anacostia
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,038
Amenities
in-unit washer/dryer
walk-in closet
Building Details
Building Size
1,012 SF
Year Built
2007
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Thomas Kolker · License #SP200204621
(202) 255-4158
Source:
Kwcapitalproperties
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 28 at 1:16PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, two-bath condominium in a six-unit building completed in 2007. The home offers more than 1,000 square feet, 8-foot ceilings, an in-unit washer and dryer, and a large walk-in closet serving the primary suite. Its front entrance opens directly onto T Street and the surrounding Logan Circle neighborhood.
The property is positioned near 14th Street restaurants, retail, and entertainment, including Trader Joe’s, Lupo Pizzeria, Aslin Beer Company, Gypsy Kitchen, and Jeni’s Splendid Ice Creams. Additional dining options include Le Diplomate, Barcelona Wine Bar, Rice, and Pearl Dive. U Street Metro is four blocks away, providing access beyond the immediate neighborhood.
The property is positioned near 14th Street restaurants, retail, and entertainment, including Trader Joe’s, Lupo Pizzeria, Aslin Beer Company, Gypsy Kitchen, and Jeni’s Splendid Ice Creams. Additional dining options include Le Diplomate, Barcelona Wine Bar, Rice, and Pearl Dive. U Street Metro is four blocks away, providing access beyond the immediate neighborhood.
Key Highlights
- Two‑bedroom, two‑bath condominium with more than 1,000 square feet
- 8‑foot ceilings and a large walk‑in closet in the primary suite
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,693
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,860
$393.9K
Cap Rate 7%
$281,329
$281.3K
Cap Rate 9%
$218,811
$218.8K
Market Conditions
NOI Build-Up for 1,012 SF
Gross rent
$38.0K $37.56/SF
− Vacancy
−$2.2K −$2.18/SF
EGI
$35.8K $35.38/SF
− OpEx
−$16.1K −$15.92/SF
NOI
$19.7K $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%
$393,860
Cap Rate 7%
$281,329
Cap Rate 9%
$218,811
Alternative Uses
Best Use
Apartment 5plus
$281.3K
$246.2K – $328.2K
NOI $19,693 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$520.5K
$455.5K – $607.3K
NOI $36,438 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,256
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 - Two-bedroom condominium with in-unit laundry and access to neighborhood dining, shopping, and transit.
Where is this residential income property located?
The property is located at 1406 T STREET NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with more than 1,000 square feet; 8‑foot ceilings and a large walk‑in closet in the primary suite; In‑unit washer and dryer
