Two-Level Residential Income
For Sale
$474,900
1409 G STREET NE Unit 22, Washington, DC 20002
Two en-suite bedrooms, a main-level powder room and a private balcony support a flexible two-floor residential layout.
Property Size1,150 SF
Price / SF$412.96
Days on Market29
Property Features for 1409 G STREET NE Unit 22
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,853
Building Details
Building Size
1,150 SF
Year Built
1937
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Oct 1
Changed: Oct 26
Last Checked: Oct 26 at 1:01PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,150-square-foot, two-story residence has hardwood floors and separate areas for dining and relaxing, with the kitchen overlooking the main-level living spaces. A powder room is also located downstairs. Both upstairs bedrooms have full en-suite bathrooms; one connects to a private balcony, while the other includes a walk-in closet. Storage is provided throughout. The building dates to 1937 and contains 12 residences.
The property is near H Street NE destinations, including Maketto, Toki Underground, Daru and the Atlas Performing Arts Center. ALDI, Whole Foods, Giant and Safeway are nearby for everyday shopping. Union Market and the National Arboretum are also within reach. Maryland Avenue provides a route toward the Capitol, and I-295 offers regional access. A new Commanders stadium is planned for the RFK site in 2030.
The property is near H Street NE destinations, including Maketto, Toki Underground, Daru and the Atlas Performing Arts Center. ALDI, Whole Foods, Giant and Safeway are nearby for everyday shopping. Union Market and the National Arboretum are also within reach. Maryland Avenue provides a route toward the Capitol, and I-295 offers regional access. A new Commanders stadium is planned for the RFK site in 2030.
Key Highlights
- 1,150 square feet arranged across two levels
- Two bedrooms, each with a full en‑suite bath
- Private balcony off one bedroom; walk‑in closet in the other
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,578
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,560
$391.6K
Cap Rate 7%
$279,686
$279.7K
Cap Rate 9%
$217,533
$217.5K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$38.0K $33.00/SF
− Vacancy
−$2.4K −$2.05/SF
EGI
$35.6K $30.95/SF
− OpEx
−$16.0K −$13.93/SF
NOI
$19.6K $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%
$391,560
Cap Rate 7%
$279,686
Cap Rate 9%
$217,533
Alternative Uses
Best Use
Apartment 5plus
$279.7K
$244.7K – $326.3K
NOI $19,578 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$593.7K
$519.5K – $692.7K
NOI $41,562 @ 7.0% cap · market cap 8.75%
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 en-suite bedrooms, a main-level powder room and a private balcony support a flexible two-floor residential layout.
Where is this residential income property located?
The property is located at 1409 G STREET NE Unit 22 Washington, DC.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: 1,150 square feet arranged across two levels; Two bedrooms, each with a full en‑suite bath; Private balcony off one bedroom; walk‑in closet in the other
