Residential Income Property with
For Sale
$399,000
1515 11TH STREET NW Unit C-2, Washington, DC 20001
Open-concept residence with a private outdoor area, generous bedroom, and investor-friendly building policy.
Property Size780 SF
Days on Market239
Property Features for 1515 11TH STREET NW Unit C-2
General Information
Standard status
Active
Size
780 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Shaw
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,177
Amenities
private patio
laundry room
high ceilings
hardwood floors
stainless steel appliances
stone countertops
walk-in closet
dual vanity bathroom
Building Details
Building Size
780 SF
Year Built
2008
Listing Agency:
Compass
Listed By:
Arielle Davis
(404) 323-0006
Source:
Kwcapitalproperties
Added: Mar 6
Changed: Oct 31
Last Checked: Oct 30 at 10:28PM
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 one-bedroom residential income property offers an open plan connecting the kitchen, dining area, and living room. Interior details include high ceilings, hardwood floors, stainless steel appliances, a large island, stone countertops, and substantial cabinet and counter storage. A separate laundry room includes a stackable washer and dryer, while the bathroom features dual vanities and an oversized shower. The bedroom accommodates a king-size bed and adds a walk-in closet and sitting area.
French doors lead from the bedroom to a private patio. The building was completed in 2008 and is identified as investor friendly and pet friendly. The property is across from Dog Daze and next to a coffee shop, with Logan Circle, Shaw Metro, Whole Foods, Giant, 14th Street restaurants, and Blagden Alley located within the surrounding area. Metro, bus, and bicycle options provide additional transportation access.
French doors lead from the bedroom to a private patio. The building was completed in 2008 and is identified as investor friendly and pet friendly. The property is across from Dog Daze and next to a coffee shop, with Logan Circle, Shaw Metro, Whole Foods, Giant, 14th Street restaurants, and Blagden Alley located within the surrounding area. Metro, bus, and bicycle options provide additional transportation access.
Key Highlights
- One‑bedroom layout with open kitchen, dining, and living areas
- Private patio accessed through French glass doors from the bedroom
- Large island, stone countertops, stainless steel appliances, and added storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,960
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,200
$259.2K
Cap Rate 7%
$185,143
$185.1K
Cap Rate 9%
$144,000
$144.0K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$24.8K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.6K $30.21/SF
− OpEx
−$10.6K −$13.59/SF
NOI
$13.0K $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%
$259,200
Cap Rate 7%
$185,143
Cap Rate 9%
$144,000
Alternative Uses
Best Use
Apartment 5plus
$185.1K
$162.0K – $216.0K
NOI $12,960 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.2K
$351.1K – $468.1K
NOI $28,084 @ 7.0% cap · market cap 7.04%
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
14,836
Businesses Nearby
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Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept residence with a private outdoor area, generous bedroom, and investor-friendly building policy.
Where is this residential income property located?
The property is located at 1515 11TH STREET NW Unit C-2 Washington, DC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: One‑bedroom layout with open kitchen, dining, and living areas; Private patio accessed through French glass doors from the bedroom; Large island, stone countertops, stainless steel appliances, and added storage
