Furnished Residential Income
For Sale
$579,500
1409 G STREET NE Unit 2, Washington, DC 20002
Two-level condominium with flexible ownership or rental use and a renovated interior near the H Street Corridor.
Property Size1,432 SF
Days on Market248
Property Features for 1409 G STREET NE Unit 2
General Information
Standard status
Active
Size
1,432 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Public Transit
Yes
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,159
Building Details
Building Size
1,432 SF
Year Built
1937
Year Renovated
2014
Listing Agency:
Samson Properties
Listed By:
KATERYNA SENIUK · License #SP200200679
(202) 440-6798
Source:
Kwcapitalproperties
Added: Feb 25
Changed: Oct 25
Last Checked: Oct 30 at 8:32PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This furnished two-level condominium offers a three-bedroom, two-and-a-half-bath layout with a practical separation between living and sleeping areas. The main floor combines the kitchen and living room in an open arrangement, with stainless steel appliances, granite counters, contemporary cabinetry, refinished bamboo flooring, and extensive window light. On the lower level, the primary bedroom includes a walk-in closet and private bath, while the home also provides additional storage and laundry space. Fresh paint supports immediate occupancy, and furnishings are included except for decor and artwork.
The building was fully renovated in 2014 and originally constructed in 1937. The property is located near the H Street Corridor, with access to dining, retail, entertainment, and public transportation. Nearby Zone 6 street parking is described as readily available.
The building was fully renovated in 2014 and originally constructed in 1937. The property is located near the H Street Corridor, with access to dining, retail, entertainment, and public transportation. Nearby Zone 6 street parking is described as readily available.
Key Highlights
- 3BR/2.5BA two‑level condominium
- Furnished sale includes furniture; decor and artwork excluded
- Open kitchen and living area with stainless steel appliances and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,379
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,580
$487.6K
Cap Rate 7%
$348,271
$348.3K
Cap Rate 9%
$270,878
$270.9K
Market Conditions
NOI Build-Up for 1,432 SF
Gross rent
$47.3K $33.00/SF
− Vacancy
−$2.9K −$2.05/SF
EGI
$44.3K $30.95/SF
− OpEx
−$19.9K −$13.93/SF
NOI
$24.4K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,580
Cap Rate 7%
$348,271
Cap Rate 9%
$270,878
Alternative Uses
Best Use
Apartment 5plus
$348.3K
$304.7K – $406.3K
NOI $24,379 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$739.3K
$646.9K – $862.6K
NOI $51,754 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium with flexible ownership or rental use and a renovated interior near the H Street Corridor.
Where is this residential income property located?
The property is located at 1409 G STREET NE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $579,500.
What are key features of this property?
This property features: 3BR/2.5BA two‑level condominium; Furnished sale includes furniture; decor and artwork excluded; Open kitchen and living area with stainless steel appliances and granite countertops
