Building Details

Building Size 1,584 SF

Year Built 2009

Listing Agency: Compass

Listed By: Paul A Gonzalez Show Phone

Source: Barnesrealestatecompany

Added: Oct 7 Changed: Oct 17 Last Checked: Oct 16 at 4:16PM

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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

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Investment Insights

Based on property information with market context.

This two-bedroom, two-level condo pairs an open main-floor kitchen and living area with a loft bedroom upstairs. The lower level also has a flexible bedroom or studio area and a full bathroom. The upper bedroom has its own full bath and walk-in closet, separated from the main living space. Floor-to-ceiling windows provide natural light, and the property was built in 2009.

The home is near the Columbia Heights Metro and neighborhood restaurants, cafes, shops, and fitness options. Adams Morgan, Mount Pleasant, U Street, and downtown DC are also accessible from the property.

Key Highlights

• Two‑bedroom condo with two levels
• Two full bathrooms, including one adjoining the loft bedroom
• Main‑level room can function as a bedroom or studio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,824

Cap Rate

4.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$616,480 $616.5K

Cap Rate 7%

$440,343 $440.3K

Cap Rate 9%

$342,489 $342.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,584 SF

Gross rent

$59.5K $37.56/SF

− Vacancy

−$3.5K −$2.18/SF

EGI

$56.0K $35.38/SF

− OpEx

−$25.2K −$15.92/SF

NOI

$30.8K $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%

$616,480

Cap Rate 7%

$440,343

Cap Rate 9%

$342,489

Alternative Uses

Best Use

Apartment 5plus

$440.3K

$385.3K – $513.7K (±1% cap)

NOI $30,824 @ 7.0% cap · market cap 4.53%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$814.8K

$712.9K – $950.6K (±1% cap)

NOI $57,033 @ 7.0% cap · market cap 8.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

1466 Harvard Street ... Housing Complex

Suggested Use

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

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

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 - Floor-to-ceiling windows bring natural light to a flexible main floor with an open kitchen and bedroom or studio space.

Where is this residential income property located?

The property is located at 1466 HARVARD STREET NW Unit TH2 Washington, DC.

What is the asking price?

The asking price for this property is $679,900.

What are key features of this property?

This property features: Two‑bedroom condo with two levels; Two full bathrooms, including one adjoining the loft bedroom; Main‑level room can function as a bedroom or studio