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Updated Residential Income Property
For Sale
$639,000

1460 HARVARD STREET NW Unit 3, Washington, DC 20009

Two-bedroom condominium with historic character, modern finishes, and a flexible interior layout.

Property Size930 SF
Price / SF$687.10
Days on Market21

Property Features for 1460 HARVARD STREET NW Unit 3

General Information

Standard status Active
Size 930 SF
Property subtype Penthouse Unit/Flat/Apartment

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $5,011

Building Details

Building Size 930 SF
Year Built 1901
Listing Agency: TTR Sotheby's International Realty
Listed By: Gordon P Harrison · License #sp98362478
Source: Kerishull
Added: Sep 16 Changed: Oct 3 Last Checked: Oct 5 at 10:03PM

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 TTR Sotheby's International Realty

Investment Insights

Based on property information with market context.

This 930-square-foot condominium combines preserved architectural character with substantial modern updates. Built in 1901, the residence features two bedrooms and two bathrooms, high ceilings, detailed moldings, and wood flooring. The open kitchen includes extensive cabinetry, marble countertops, and a breakfast bar, while the adjoining living and dining areas provide a broad entertaining space. A bay window brings natural light into the main living area, and a dedicated office nook adds flexibility. The primary bedroom includes a private bathroom, and the second bedroom offers a spacious layout.

The property is located at 1460 Harvard Street NW in Washington, DC, near Columbia Heights, Logan Circle, and the 14th Street corridor. The surrounding area includes Metro access, restaurants, cafes, shops, parks, and neighborhood services.

Key Highlights

  • 930‑square‑foot condominium
  • Two bedrooms and two bathrooms
  • Built in 1901 with original architectural details

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$18,098
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,960 $362.0K
Cap Rate 7%
$258,543 $258.5K
Cap Rate 9%
$201,089 $201.1K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$34.9K $37.56/SF
− Vacancy
−$2.0K −$2.18/SF
EGI
$32.9K $35.38/SF
− OpEx
−$14.8K −$15.92/SF
NOI
$18.1K $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%
$361,960
Cap Rate 7%
$258,543
Cap Rate 9%
$201,089

Alternative Uses

Best Use
Apartment 5plus
$258.5K
$226.2K – $301.6K (±1% cap)
NOI $18,098 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.4K
$418.6K – $558.1K (±1% cap)
NOI $33,485 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Electrical Service Auto Parts Store Kitchen & Bath Showroom Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

3,959
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential income property - Two-bedroom condominium with historic character, modern finishes, and a flexible interior layout.
Where is this residential income property located?
The property is located at 1460 HARVARD STREET NW Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: 930‑square‑foot condominium; Two bedrooms and two bathrooms; Built in 1901 with original architectural details
More about this property
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