Two-Level Residential Income
New
For Sale
$519,000
1409 G STREET NE Unit 22, Washington, DC 20002
The two-bedroom layout places private bedroom suites above distinct living and dining areas.
Property Size1,150 SF
Price / SF$451.30
Days on Market6
Property Features for 1409 G STREET NE Unit 22
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,853
Building Details
Building Size
1,150 SF
Year Built
1937
Listing Agency:
Keller Williams Capital Properties
Listed By:
John Coleman · License #SP98375761
(202) 427-9689
Source:
Kwcapitalproperties
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 6 at 12:08AM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This two-level residence contains 1,150 square feet, with hardwood flooring and separate living, dining, and kitchen areas on the main floor. A powder room serves the lower level. Both upstairs bedrooms have private full bathrooms; one connects to a balcony, while the other includes a walk-in closet. Storage is distributed throughout the unit. The building has 12 residences and dates to 1937.
At 1409 G Street NE in Washington, DC, 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, as are Union Market and the National Arboretum. Maryland Avenue provides a route toward the Capitol, and I-295 offers regional access.
At 1409 G Street NE in Washington, DC, 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, as are Union Market and the National Arboretum. Maryland Avenue provides a route toward the Capitol, and I-295 offers regional access.
Key Highlights
- 1,150 square feet 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
3.77%
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 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$593.7K
$519.5K – $692.7K
NOI $41,562 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
Explore this area
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 - The two-bedroom layout places private bedroom suites above distinct living and dining areas.
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 $519,000.
What are key features of this property?
This property features: 1,150 square feet across two levels; Two bedrooms, each with a full en‑suite bath; Private balcony off one bedroom; walk‑in closet in the other
