Residential Income Property with City
For Sale
$699,000
1454 BELMONT STREET NW Unit 2, Washington, DC 20009
One-bedroom condominium residence with a private balcony, garage parking, and elevator access.
Property Size1,070 SF
Days on Market100
Property Features for 1454 BELMONT STREET NW Unit 2
General Information
Standard status
Active
Size
1,070 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
U Street
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,089
Amenities
private balcony
in-unit washer/dryer
Building Details
Building Size
1,070 SF
Year Built
2005
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Gary P Jankowski · License #SP98357614
(202) 439-6009
Source:
Kwcapitalproperties
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 28 at 5:05PM
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 Coldwell Banker Realty - Washington
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Investment Insights
Based on property information with market context.
This 2005 residential income property is a one-bedroom, 1.5-bathroom condominium residence with floor-to-ceiling windows, hardwood floors, soaring ceilings, and an open living and dining arrangement. The kitchen includes stainless steel appliances, while the bedroom offers king-size-bed capacity and ample closet space. A private balcony, additional storage, and in-unit washer and dryer add practical functionality. A dedicated garage parking space conveys with the unit and provides elevator access.
Located at 1454 Belmont Street NW in Washington, DC, the property sits near Meridian Hill Park and offers views of the Washington Monument and downtown DC. The home has a walk score of 96, with access to the Metro, Adams Morgan, Columbia Heights, U Street, and the 14th Street corridor. Groceries, fitness studios, restaurants, and daily necessities are nearby. The property is also described as pet-friendly and subject to condo fees.
Located at 1454 Belmont Street NW in Washington, DC, the property sits near Meridian Hill Park and offers views of the Washington Monument and downtown DC. The home has a walk score of 96, with access to the Metro, Adams Morgan, Columbia Heights, U Street, and the 14th Street corridor. Groceries, fitness studios, restaurants, and daily necessities are nearby. The property is also described as pet-friendly and subject to condo fees.
Key Highlights
- One‑bedroom, 1.5‑bathroom condominium residence
- Built in 2005 with floor‑to‑ceiling windows and Washington Monument views
- Private balcony, hardwood floors, soaring ceilings, and open living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,822
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,440
$416.4K
Cap Rate 7%
$297,457
$297.5K
Cap Rate 9%
$231,356
$231.4K
Market Conditions
NOI Build-Up for 1,070 SF
Gross rent
$40.2K $37.56/SF
− Vacancy
−$2.3K −$2.18/SF
EGI
$37.9K $35.38/SF
− OpEx
−$17.0K −$15.92/SF
NOI
$20.8K $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%
$416,440
Cap Rate 7%
$297,457
Cap Rate 9%
$231,356
Alternative Uses
Best Use
Apartment 5plus
$297.5K
$260.3K – $347.0K
NOI $20,822 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.4K
$481.6K – $642.1K
NOI $38,526 @ 7.0% cap · market cap 5.51%
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
6,239
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 - One-bedroom condominium residence with a private balcony, garage parking, and elevator access.
Where is this residential income property located?
The property is located at 1454 BELMONT STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: One‑bedroom, 1.5‑bathroom condominium residence; Built in 2005 with floor‑to‑ceiling windows and Washington Monument views; Private balcony, hardwood floors, soaring ceilings, and open living areas
