One-Bedroom Residential Income
For Sale
$292,499
1440 COLUMBIA ROAD NW Unit 306, Washington, DC 20009
The condo includes an updated kitchen, in-unit laundry, central air, and a full bathroom.
Property Size501 SF
Price / SF$583.83
Days on Market61
Property Features for 1440 COLUMBIA ROAD NW Unit 306
General Information
Standard status
Active
Size
501 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,437
Amenities
in-unit washer and dryer
central air
excellent storage
Building Details
Building Size
501 SF
Year Built
1915
Buildings
1
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 31
Changed: Oct 27
Last Checked: Oct 26 at 3:02PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 501-square-foot, one-bedroom, one-bathroom condo is in a building constructed in 1915. Its open layout connects the living area and kitchen, which has granite counters, stainless steel appliances, ample cabinetry, and an island. Hardwood floors, a built-in bedroom closet system, and storage throughout add practical interior features. The bathroom has updated tile finishes, and the unit includes a washer and dryer and central air.
Columbia Heights Metro is one block away. The property is also near shopping, grocery stores, cafés, restaurants, and nightlife along 14th Street. The source lists a Walk Score of 92.
Columbia Heights Metro is one block away. The property is also near shopping, grocery stores, cafés, restaurants, and nightlife along 14th Street. The source lists a Walk Score of 92.
Key Highlights
- 501‑square‑foot condo with one bedroom and one bathroom
- Building constructed in 1915
- Kitchen with granite countertops, stainless steel appliances, and an island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,749
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,980
$195.0K
Cap Rate 7%
$139,271
$139.3K
Cap Rate 9%
$108,322
$108.3K
Market Conditions
NOI Build-Up for 501 SF
Gross rent
$18.8K $37.56/SF
− Vacancy
−$1.1K −$2.18/SF
EGI
$17.7K $35.38/SF
− OpEx
−$8.0K −$15.92/SF
NOI
$9.7K $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%
$194,980
Cap Rate 7%
$139,271
Cap Rate 9%
$108,322
Alternative Uses
Best Use
Apartment 5plus
$139.3K
$121.9K – $162.5K
NOI $9,749 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.7K
$225.5K – $300.7K
NOI $18,039 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,959
Businesses Nearby
Explore this area
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 condo includes an updated kitchen, in-unit laundry, central air, and a full bathroom.
Where is this residential income property located?
The property is located at 1440 COLUMBIA ROAD NW Unit 306 Washington, DC.
What is the asking price?
The asking price for this property is $292,499.
What are key features of this property?
This property features: 501‑square‑foot condo with one bedroom and one bathroom; Building constructed in 1915; Kitchen with granite countertops, stainless steel appliances, and an island
