Renovated Residential Income
For Sale
$549,500
1512 F STREET NE Unit 2, Washington, DC 20002
Renovated two-level condominium residence with a private entrance, flexible living space, and upgraded kitchen and bath finishes.
Property Size1,362 SF
Days on Market65
Property Features for 1512 F STREET NE Unit 2
General Information
Standard status
Active
Size
1,362 SF
Elevators
No
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Rosedale
Additional Details
HOA Fee
$283
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,207
Building Details
Building Size
1,362 SF
Year Built
1941
Listing Agency:
Real Broker, LLC
Listed By:
Jason E Townsend · License #BR98360839
(202) 415-7400
Source:
Kwcapitalproperties
Added: Aug 27
Changed: Oct 25
Last Checked: Oct 28 at 2:45PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This renovated two-level condominium residence offers a townhouse-style layout with 3 bedrooms and 3 full bathrooms. A private front entry opens to a south-facing living room connected to the dining area and kitchen. The kitchen includes an eat-in peninsula, pantry storage, generous cabinetry, and a gas range. The lower level also provides a third bedroom, full bathroom, and rear alley exit, while the upper floor contains a primary suite with two walk-in closets and an ensuite bath featuring dual vanities, a soaking tub, and a separate shower. A second bedroom has access to a full bathroom, and a laundry closet accommodates a full-size washer and dryer.
The residence is part of a boutique four-unit condominium positioned near Capitol Hill, Kingman Park, and the H Street Corridor. Walking and biking access extends to Rosedale Pool & Recreation Center, Kingman Island, Lincoln Park, Union Station, Union Market, the Fields at RFK, Eastern Market, and the Anacostia River Trail, along with nearby restaurants, shops, and gathering places.
The residence is part of a boutique four-unit condominium positioned near Capitol Hill, Kingman Park, and the H Street Corridor. Walking and biking access extends to Rosedale Pool & Recreation Center, Kingman Island, Lincoln Park, Union Station, Union Market, the Fields at RFK, Eastern Market, and the Anacostia River Trail, along with nearby restaurants, shops, and gathering places.
Key Highlights
- 3 BR/3 full BA condominium residence spanning two levels
- Renovated interior with private front entry and fenced‑in front yard
- Primary suite includes two walk‑in closets and ensuite bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,188
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,760
$463.8K
Cap Rate 7%
$331,257
$331.3K
Cap Rate 9%
$257,644
$257.6K
Market Conditions
NOI Build-Up for 1,362 SF
Gross rent
$44.9K $33.00/SF
− Vacancy
−$2.8K −$2.05/SF
EGI
$42.2K $30.95/SF
− OpEx
−$19.0K −$13.93/SF
NOI
$23.2K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,760
Cap Rate 7%
$331,257
Cap Rate 9%
$257,644
Alternative Uses
Best Use
Apartment 5plus
$331.3K
$289.9K – $386.5K
NOI $23,188 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$703.2K
$615.3K – $820.4K
NOI $49,224 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,744
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated two-level condominium residence with a private entrance, flexible living space, and upgraded kitchen and bath finishes.
Where is this residential income property located?
The property is located at 1512 F STREET NE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: 3 BR/3 full BA condominium residence spanning two levels; Renovated interior with private front entry and fenced‑in front yard; Primary suite includes two walk‑in closets and ensuite bath
