Updated Residential Income
For Sale
$579,900
1435 4TH STREET SW Unit B711, Washington, DC 20024
Two-bedroom condominium with renovated interiors, garage parking, a private balcony, and extensive storage.
Property Size1,246 SF
Price / SF$465.41
Days on Market109
Property Features for 1435 4TH STREET SW Unit B711
General Information
Standard status
Active
Size
1,246 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,734
Amenities
private balcony
cedar closet
oversized kitchen pantry
Building Details
Building Size
1,246 SF
Year Built
1965
Listing Agency:
CENTURY 21 New Millennium
Listed By:
Kheri Carter · License #SP40003748
(832) 209-0112
Source:
Kwcapitalproperties
Added: Jul 2
Changed: Oct 15
Last Checked: Oct 16 at 3:57PM
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 CENTURY 21 New Millennium
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Investment Insights
Based on property information with market context.
This 1,246-square-foot condominium includes two bedrooms, two baths, spacious living and dining areas, and a renovated kitchen with an oversized pantry. The baths have also been updated, while the approximately one-year-old appliances add to the unit’s current functionality. A cedar closet and substantial storage are incorporated throughout the residence, and the private balcony overlooks mature trees. One-car garage parking is included.
Built in 1965, the property is located at 1435 4TH STREET SW in Washington, DC 20024. The residence is near The Wharf, Waterfront Metro, Arena Stage, Nationals Park, Audi Field, East Potomac Park, Hains Point, the National Mall, and Fort McNair. Nearby waterfront amenities include dining, live music, boutique shopping, marina activities, seasonal events, and water taxi service.
Built in 1965, the property is located at 1435 4TH STREET SW in Washington, DC 20024. The residence is near The Wharf, Waterfront Metro, Arena Stage, Nationals Park, Audi Field, East Potomac Park, Hains Point, the National Mall, and Fort McNair. Nearby waterfront amenities include dining, live music, boutique shopping, marina activities, seasonal events, and water taxi service.
Key Highlights
- Approximately 1,246 square feet with two bedrooms and two baths
- Renovated kitchen and baths with approximately one‑year‑old appliances
- One‑car garage parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,703
Cap Rate
3.57%
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 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$640.9K
$560.8K – $747.7K
NOI $44,863 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Explore this area
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 - Two-bedroom condominium with renovated interiors, garage parking, a private balcony, and extensive storage.
Where is this residential income property located?
The property is located at 1435 4TH STREET SW Unit B711 Washington, DC.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Approximately 1,246 square feet with two bedrooms and two baths; Renovated kitchen and baths with approximately one‑year‑old appliances; One‑car garage parking included
