Two-Bedroom Residential Income
For Sale
$449,900
1465 COLUMBIA ROAD NW Unit 203, Washington, DC 20009
The 778-square-foot corner condominium has an in-unit washer and dryer and an updated kitchen.
Property Size778 SF
Price / SF$578.28
Days on Market50
Property Features for 1465 COLUMBIA ROAD NW Unit 203
General Information
Standard status
Active
Size
778 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,649
Amenities
in-unit washer/dryer
pet friendly
Building Details
Building Size
778 SF
Year Built
1921
Listing Agency:
RLAH @properties
Listed By:
Kristen E Hopkins · License #SP98366614
(703) 973-0550
Source:
Jackrealtygroup
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 2:27PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This 778-square-foot corner condominium has two bedrooms and one bathroom. Hardwood floors run through the living areas, which connect in an open layout. The kitchen has granite countertops, cherry cabinetry, stainless steel appliances and a gas stove; the bathroom features marble. Both bedrooms have large closets with Elfa systems. The unit was freshly painted and includes an in-unit washer and dryer.
The property is one block from the Columbia Heights Metro station, served by the Green and Yellow lines. Target, grocery stores, restaurants and other neighborhood services are nearby. Meridien Hill Park is three blocks away, with Safeway, CVS, Ace Hardware and CorePower Yoga also a few blocks along Columbia Road NW.
The property is one block from the Columbia Heights Metro station, served by the Green and Yellow lines. Target, grocery stores, restaurants and other neighborhood services are nearby. Meridien Hill Park is three blocks away, with Safeway, CVS, Ace Hardware and CorePower Yoga also a few blocks along Columbia Road NW.
Key Highlights
- 778‑square‑foot corner unit with two bedrooms and one bathroom
- Updated kitchen with granite countertops, cherry cabinetry and stainless steel appliances
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,140
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,800
$302.8K
Cap Rate 7%
$216,286
$216.3K
Cap Rate 9%
$168,222
$168.2K
Market Conditions
NOI Build-Up for 778 SF
Gross rent
$29.2K $37.56/SF
− Vacancy
−$1.7K −$2.18/SF
EGI
$27.5K $35.38/SF
− OpEx
−$12.4K −$15.92/SF
NOI
$15.1K $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%
$302,800
Cap Rate 7%
$216,286
Cap Rate 9%
$168,222
Alternative Uses
Best Use
Apartment 5plus
$216.3K
$189.3K – $252.3K
NOI $15,140 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.2K
$350.2K – $466.9K
NOI $28,012 @ 7.0% cap · market cap 6.23%
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
3,585
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 - The 778-square-foot corner condominium has an in-unit washer and dryer and an updated kitchen.
Where is this residential income property located?
The property is located at 1465 COLUMBIA ROAD NW Unit 203 Washington, DC.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 778‑square‑foot corner unit with two bedrooms and one bathroom; Updated kitchen with granite countertops, cherry cabinetry and stainless steel appliances; In‑unit washer and dryer
