Mixed-Use Building with
For Sale
$1,470,000
1500 OGDEN Street NW, Washington, DC 20010
Multi-Family, WASHINGTON, DC
Property Size3,500 SF
Lot Size0.05 Acres
Price / SF$420
Days on Market158
Property Features for 1500 OGDEN Street NW
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
3,500 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9831
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
Secured gate entrance
Enclosed rear patio
Building Details
Year built
1922
Number of units
3
Building materials
Brick
Architectural style
Contemporary
Listing Agency:
Fairfax Realty
(703) 766-2710
Listed By:
Kevin B Shin · License #0225069693
(703) 395-3123
Added: May 11
Changed: Oct 1
Last Checked: Oct 15 at 8:06AM
MLS# DCDC2261184
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,500-square-foot mixed-use property contains three units: a convenience store and two vacant apartments on the upper floors. The brick building dates to 1922 and has new windows and HVAC, central air, forced-air heat, separate electric service, and a secured gated entrance. Smoke and carbon monoxide detectors and a sprinkler system are also present. An enclosed rear patio serves the property, with an adjacent rectangular vacant lot measuring 600 square feet.
Bus routes are across the street, and the Columbia Heights Metro station is two blocks away. Target, Starbucks, and Trader Joe’s are also identified nearby. The property encompasses 0.0516 acres and has on-street parking.
Bus routes are across the street, and the Columbia Heights Metro station is two blocks away. Target, Starbucks, and Trader Joe’s are also identified nearby. The property encompasses 0.0516 acres and has on-street parking.
Key Highlights
- Three‑unit building with a convenience store and two vacant upper‑floor apartments
- 3,500 square feet on a 0.0516‑acre property
- Adjacent rectangular vacant lot measures 600 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,154
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,080
$1.2M
Cap Rate 7%
$830,771
$830.8K
Cap Rate 9%
$646,156
$646.2K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$111.3K $31.80/SF
− Vacancy
−$5.6K −$1.59/SF
EGI
$105.7K $30.21/SF
− OpEx
−$47.6K −$13.59/SF
NOI
$58.2K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,080
Cap Rate 7%
$830,771
Cap Rate 9%
$646,156
Alternative Uses
Best Use
Apartment 5plus
$830.8K
$726.9K – $969.2K
NOI $58,154 @ 7.0% cap · market cap 3.96%
Second Best
Mixed Use
$825.0K
$721.9K – $962.5K
NOI $57,750 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,020 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,813
Businesses Nearby
102k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 28%
Electronics 24%
Dining 2%
Giant
Groceries
45,769 visits/mo
0.4 miles
Best Buy
Electronics
23,961 visits/mo
0.5 miles
Exxon
Shops & Services
13,952 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,639 visits/mo
0.2 miles
Wells Fargo
Shops & Services
3,113 visits/mo
0.4 miles
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor convenience retail is paired with two vacant residential apartments above.
Where is this mixed-use property located?
The property is located at 1500 OGDEN Street NW Washington, DC.
What is the asking price?
The asking price for this property is $1,470,000.
What are key features of this property?
This property features: Three‑unit building with a convenience store and two vacant upper‑floor apartments; 3,500 square feet on a 0.0516‑acre property; Adjacent rectangular vacant lot measures 600 square feet
