Updated Residential Income
For Sale
$598,000
1512 PARK ROAD NW Unit 4, Washington, DC 20010
Two-bedroom condominium with private parking, covered balcony, and convenient access to Metro service and neighborhood amenities.
Property Size1,200 SF
Price / SF$498.33
Days on Market23
Property Features for 1512 PARK ROAD NW Unit 4
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,278
Amenities
gas fireplace
covered balcony
washer and dryer
Building Details
Building Size
1,200 SF
Year Built
1900
Listing Agency:
Keller Williams Realty
Listed By:
Rachel K Valentino · License #AB98370034
(202) 270-6972
Source:
Kerishull
Added: Sep 14
Changed: Oct 6
Last Checked: Oct 5 at 8:51PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,200-square-foot residential income property is configured as a two-bedroom, two-bath condominium with an open living, dining, and kitchen area separated from the bedroom wing. The home features 10-foot ceilings, a gas fireplace, recessed lighting, refinished hardwood flooring, fresh paint, and eight new double-hung and picture windows. The kitchen includes stainless steel appliances and a Samsung dishwasher. A primary suite provides an en-suite bath and access to a covered balcony, while the second bedroom is adjacent to an updated hall bath with a soaking tub. Full-size front-load laundry equipment and private off-street parking add practical utility.
Built in 1900, the boutique building sits along Park Road NW in Washington, DC. The property is a few blocks from the Green and Yellow Metro lines and near restaurants, coffee shops, grocery stores, and retail. Rock Creek Park, Meridian Hill Park, the National Zoo, Powell Recreation Center, and Bell-Columbia Heights Athletic Field are also nearby.
Built in 1900, the boutique building sits along Park Road NW in Washington, DC. The property is a few blocks from the Green and Yellow Metro lines and near restaurants, coffee shops, grocery stores, and retail. Rock Creek Park, Meridian Hill Park, the National Zoo, Powell Recreation Center, and Bell-Columbia Heights Athletic Field are also nearby.
Key Highlights
- 1,200‑square‑foot two‑bedroom, two‑bath condominium
- 10‑foot ceilings, gas fireplace, and refinished hardwood floors
- Covered balcony accessible from the primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,939
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,780
$398.8K
Cap Rate 7%
$284,843
$284.8K
Cap Rate 9%
$221,544
$221.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$38.2K $31.80/SF
− Vacancy
−$1.9K −$1.59/SF
EGI
$36.3K $30.21/SF
− OpEx
−$16.3K −$13.59/SF
NOI
$19.9K $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%
$398,780
Cap Rate 7%
$284,843
Cap Rate 9%
$221,544
Alternative Uses
Best Use
Apartment 5plus
$284.8K
$249.2K – $332.3K
NOI $19,939 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.2K
$540.1K – $720.1K
NOI $43,207 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,165
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with private parking, covered balcony, and convenient access to Metro service and neighborhood amenities.
Where is this residential income property located?
The property is located at 1512 PARK ROAD NW Unit 4 Washington, DC.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: 1,200‑square‑foot two‑bedroom, two‑bath condominium; 10‑foot ceilings, gas fireplace, and refinished hardwood floors; Covered balcony accessible from the primary bedroom
