One-Bedroom Residential Income
For Sale
$325,000
1415 CHAPIN STREET NW Unit 204, Washington, DC 20009
Updated kitchen and bath complement an open layout with hardwood flooring and built-in living-room storage.
Property Size570 SF
Days on Market129
Property Features for 1415 CHAPIN STREET NW Unit 204
General Information
Standard status
Active
Size
570 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,983
Amenities
community roof deck
Building Details
Building Size
570 SF
Year Built
1910
Listing Agency:
Compass
Listed By:
Jennifer A Angotti · License #225097589
(202) 285-4238
Source:
Kwcapitalproperties
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 30 at 11:45PM
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 Compass
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Investment Insights
Based on property information with market context.
Unit 204 at 1415 Chapin Street NW is a one-bedroom condominium residence with an open floor plan, hardwood flooring, eastern-facing views, and custom built-in shelving in the living room. The kitchen and bathroom have been updated, adding practical appeal within the home’s compact configuration. The property is in a building constructed in 1910.
Residents have access to a shared roof deck with panoramic city views. The home is near Meridian Hill Park and its restored fountain, Metro service, Streets Market, Trader Joe’s, Tatte, and the restaurants and retail along the 14th Street Corridor.
Residents have access to a shared roof deck with panoramic city views. The home is near Meridian Hill Park and its restored fountain, Metro service, Streets Market, Trader Joe’s, Tatte, and the restaurants and retail along the 14th Street Corridor.
Key Highlights
- One‑bedroom condominium residence with an open floor plan
- Updated kitchen and bathroom
- Hardwood flooring and custom built‑in living‑room shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,092
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,840
$221.8K
Cap Rate 7%
$158,457
$158.5K
Cap Rate 9%
$123,244
$123.2K
Market Conditions
NOI Build-Up for 570 SF
Gross rent
$21.4K $37.56/SF
− Vacancy
−$1.2K −$2.18/SF
EGI
$20.2K $35.38/SF
− OpEx
−$9.1K −$15.92/SF
NOI
$11.1K $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%
$221,840
Cap Rate 7%
$158,457
Cap Rate 9%
$123,244
Alternative Uses
Best Use
Apartment 5plus
$158.5K
$138.7K – $184.9K
NOI $11,092 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.2K
$256.5K – $342.1K
NOI $20,523 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,671
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 - Updated kitchen and bath complement an open layout with hardwood flooring and built-in living-room storage.
Where is this residential income property located?
The property is located at 1415 CHAPIN STREET NW Unit 204 Washington, DC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: One‑bedroom condominium residence with an open floor plan; Updated kitchen and bathroom; Hardwood flooring and custom built‑in living‑room shelving
