Condominium with Rooftop
For Sale
$320,000
1415 CHAPIN STREET NW Unit 301, Washington, DC 20009
The renovated residence combines an open living, dining, and kitchen layout with in-unit laundry and access to a shared rooftop patio.
Property Size550 SF
Days on Market10
Property Features for 1415 CHAPIN STREET NW Unit 301
General Information
Standard status
Active
Size
550 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,509
Amenities
rooftop patio
custodial services
maintenance
recreation facility
secuirity features
stacked washer/dryer
ceiling fan
Building Details
Building Size
550 SF
Year Built
1910
Year Renovated
2023
Listing Agency:
RLAH @properties
Listed By:
Chatchai Lohhoh · License #SP40000203
(757) 971-0883
Source:
Kwcapitalproperties
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 30 at 11:25PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This one-bedroom condominium has an open arrangement linking the living, dining, and kitchen areas, along with one bathroom. Hardwood flooring, recessed lighting, and a kitchen with built-in microwave, electric range, dishwasher, and refrigerator are among the interior features. A stacked washer and dryer are located in the unit, which was renovated in 2023. The building dates to 1910 and has an elevator and security features. Residents also have access to a shared rooftop patio and recreation facility, with custodial services and maintenance provided. The property is in Columbia Heights, Washington, DC.
Key Highlights
- One‑bedroom, one‑bathroom condominium renovated in 2023
- Open layout connects the living, dining, and kitchen areas
- In‑unit stacked washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,703
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,060
$214.1K
Cap Rate 7%
$152,900
$152.9K
Cap Rate 9%
$118,922
$118.9K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$20.7K $37.56/SF
− Vacancy
−$1.2K −$2.18/SF
EGI
$19.5K $35.38/SF
− OpEx
−$8.8K −$15.92/SF
NOI
$10.7K $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%
$214,060
Cap Rate 7%
$152,900
Cap Rate 9%
$118,922
Alternative Uses
Best Use
Apartment 5plus
$152.9K
$133.8K – $178.4K
NOI $10,703 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.9K
$247.5K – $330.1K
NOI $19,803 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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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 - The renovated residence combines an open living, dining, and kitchen layout with in-unit laundry and access to a shared rooftop patio.
Where is this residential income property located?
The property is located at 1415 CHAPIN STREET NW Unit 301 Washington, DC.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium renovated in 2023; Open layout connects the living, dining, and kitchen areas; In‑unit stacked washer and dryer
