Residential Income Property with Garage
New
For Sale
$675,000
1459 HARVARD STREET NW Unit 4, Washington, DC 20009
Renovated condominium offers private storage, in-unit laundry, an updated kitchen, and a fireplace.
Property Size1,321 SF
Price / SF$510.98
Days on Market6
Property Features for 1459 HARVARD STREET NW Unit 4
General Information
Standard status
Active
Size
1,321 SF
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
$5,414
Amenities
fireplace
in-unit washer/dryer
extra storage
Building Details
Building Size
1,321 SF
Year Built
1900
Listing Agency:
Compass
Listed By:
Jennifer Touchette · License #SP98365589
(202) 841-7782
Source:
Kerishull
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 5 at 11:59PM
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.
This renovated condominium has two bedrooms and two full bathrooms, including an en-suite primary bath. Its open living and dining area includes a fireplace and connects to an updated kitchen with stainless steel appliances and a center island with seating. High ceilings and south-facing windows add to the interior, while a garage parking space, separate storage, and in-unit washer and dryer provide additional utility. The building dates to 1900.
The property is in the Columbia Heights area of Northwest DC, with Target and Harris Teeter nearby. Restaurants and cafes in Columbia Heights, Mount Pleasant, and Adams Morgan are also within reach. Columbia Heights Metro station provides Green and Yellow Line service, and bus routes run along 14th and 16th Streets. The location also offers access to the U Street Corridor and downtown DC.
The property is in the Columbia Heights area of Northwest DC, with Target and Harris Teeter nearby. Restaurants and cafes in Columbia Heights, Mount Pleasant, and Adams Morgan are also within reach. Columbia Heights Metro station provides Green and Yellow Line service, and bus routes run along 14th and 16th Streets. The location also offers access to the U Street Corridor and downtown DC.
Key Highlights
- Two‑bedroom, two‑bathroom condominium
- Garage parking and separate storage
- Washer and dryer located in the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,706
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,120
$514.1K
Cap Rate 7%
$367,229
$367.2K
Cap Rate 9%
$285,622
$285.6K
Market Conditions
NOI Build-Up for 1,321 SF
Gross rent
$49.6K $37.56/SF
− Vacancy
−$2.9K −$2.18/SF
EGI
$46.7K $35.38/SF
− OpEx
−$21.0K −$15.92/SF
NOI
$25.7K $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%
$514,120
Cap Rate 7%
$367,229
Cap Rate 9%
$285,622
Alternative Uses
Best Use
Apartment 5plus
$367.2K
$321.3K – $428.4K
NOI $25,706 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$679.5K
$594.6K – $792.7K
NOI $47,564 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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 - Renovated condominium offers private storage, in-unit laundry, an updated kitchen, and a fireplace.
Where is this residential income property located?
The property is located at 1459 HARVARD STREET NW Unit 4 Washington, DC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium; Garage parking and separate storage; Washer and dryer located in the unit
