Waterfront Residential Income
For Sale
$449,900
1435 4TH STREET SW Unit B511, Washington, DC 20024
A two-bedroom residence pairs channel views with shared pool, fitness, concierge, and parking amenities.
Property Size1,246 SF
Days on Market12
Property Features for 1435 4TH STREET SW Unit B511
General Information
Standard status
Active
Size
1,246 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,095
Amenities
pool
concierge service
parking
fitness room
on-site management
Building Details
Building Size
1,246 SF
Year Built
1965
Listing Agency:
Compass
Listed By:
Nicole Michele Arslanagic
(512) 569-9722
Source:
Kwcapitalproperties
Added: Oct 20
Changed: Oct 30
Last Checked: Oct 30 at 9:24PM
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.
This end-unit residence at Riverside Condos has two bedrooms, two bathrooms, and a combined living and dining area. Floor-to-ceiling windows on two sides bring in natural light and face the Washington Channel and surrounding greenery. A balcony extends the living space outdoors. The kitchen has granite countertops and stainless steel appliances, with closets throughout the home. The building dates to 1965.
Residents have access to a waterfront pool, fitness room, parking, 24/7 concierge service, and on-site management. The property is adjacent to historic Fort McNair, with The Wharf’s restaurants and entertainment nearby.
Residents have access to a waterfront pool, fitness room, parking, 24/7 concierge service, and on-site management. The property is adjacent to historic Fort McNair, with The Wharf’s restaurants and entertainment nearby.
Key Highlights
- End‑unit residence with two bedrooms and two bathrooms
- Floor‑to‑ceiling windows on two sides overlook the Washington Channel and greenery
- Balcony and combined living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,703
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,060
$414.1K
Cap Rate 7%
$295,757
$295.8K
Cap Rate 9%
$230,033
$230.0K
Market Conditions
NOI Build-Up for 1,246 SF
Gross rent
$39.6K $31.80/SF
− Vacancy
−$2.0K −$1.59/SF
EGI
$37.6K $30.21/SF
− OpEx
−$16.9K −$13.59/SF
NOI
$20.7K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,060
Cap Rate 7%
$295,757
Cap Rate 9%
$230,033
Alternative Uses
Best Use
Apartment 5plus
$295.8K
$258.8K – $345.1K
NOI $20,703 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$640.9K
$560.8K – $747.7K
NOI $44,863 @ 7.0% cap · market cap 9.97%
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
1,520
Businesses Nearby
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Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom residence pairs channel views with shared pool, fitness, concierge, and parking amenities.
Where is this residential income property located?
The property is located at 1435 4TH STREET SW Unit B511 Washington, DC.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: End‑unit residence with two bedrooms and two bathrooms; Floor‑to‑ceiling windows on two sides overlook the Washington Channel and greenery; Balcony and combined living and dining area
