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Residential Income Condominium Unit
New
For Sale
$499,000

1427 RHODE ISLAND AVENUE NW Unit 402, Washington, DC 20005

Currently leased within a full-service condominium building.

Property Size560 SF
Days on Market7

Property Features for 1427 RHODE ISLAND AVENUE NW Unit 402

General Information

Standard status Active
Size 560 SF
Property subtype Unit/Flat/Apartment

Additional Details

Average Monthly Rent $2,600
Public Transit Yes
Multifamily Units 1

Taxes and HOA fees

Annual Taxes $4,380

Building Details

Building Size 560 SF
Year Built 2017
Listing Agency: Compass
Listed By: Jackson B Verville · License #SP98376206
Source: Kwcapitalproperties
Added: Sep 9 Changed: Sep 11 Last Checked: Sep 14 at 9:01AM

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

Investment Insights

Based on property information with market context.

Unit 402 is a 2017 condominium residence offered to investors with an existing tenancy. The open layout includes wide-plank white oak flooring, 9-inch ceilings, and large windows. Its kitchen is fitted with Poggenpohl cabinetry, quartz countertops, Bosch appliances, and an island. The bathroom features Porcelanosa tile, a walk-in shower, an LED vanity mirror, and contemporary fixtures. Top-down, bottom-up shades complete the interior improvements.

The property is located at 1427 Rhode Island Avenue NW in Washington, DC’s Logan Circle area. Whole Foods, Trader Joe’s, restaurants, coffee shops, theaters, dog parks, and DC attractions are identified nearby. McPherson Square, U Street, and Dupont Circle Metro stations are also within walking distance.

Key Highlights

  • Existing tenancy; offered to investors only
  • 2017 condominium residence at 1427 Rhode Island Avenue NW, Unit 402
  • Open floor plan with wide‑plank white oak flooring, 9‑inch ceilings, and large windows

Property Analytics

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Current Use

Elysium Logan Condominium Complex

Suggested Use

Top Pick Butcher Tanning Salon Adult Day Care Auto Parts Store (Bike/Boat/Book/etc) Store Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

19,628
Businesses Nearby

Demographics for 20005, DC

12,953
Population
9,558
Households
1.4
Avg Household Size
35
Median Age
80%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
32,383
Density / Sq Mi
$111,960
Median Household Income
$100,188
Median Earnings
$2,223
Median Rent
$636,000
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential income property - Currently leased within a full-service condominium building.
Where is this residential income property located?
The property is located at 1427 RHODE ISLAND AVENUE NW Unit 402 Washington, DC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Existing tenancy; offered to investors only; 2017 condominium residence at 1427 Rhode Island Avenue NW, Unit 402; Open floor plan with wide‑plank white oak flooring, 9‑inch ceilings, and large windows
More about this property
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