Two-Bedroom Residential Income
For Sale
$334,999
1523 PARK ROAD NW Unit B2, Washington, DC 20010
The apartment has updated bathroom finishes, new flooring, fresh paint, and secured gated entry.
Property Size926 SF
Price / SF$361.77
Days on Market177
Property Features for 1523 PARK ROAD NW Unit B2
General Information
Standard status
Active
Size
926 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,126
Amenities
secured gated entry
laundry facility
Building Details
Building Size
926 SF
Year Built
1905
Listing Agency:
Fairfax Realty Premier
Listed By:
Bruno D Casu
(301) 806-5320
Source:
Canopy-re
Added: May 7
Changed: Oct 28
Last Checked: Oct 26 at 2:12PM
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 Fairfax Realty Premier
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Investment Insights
Based on property information with market context.
This 926-square-foot apartment offers two bedrooms and one bathroom. Recent interior work includes new flooring throughout, fresh paint, and updated bathroom tile, a vanity cabinet, and fixtures. The building dates to 1905, and entry is secured by a gate.
The property sits near the boundary of Mount Pleasant and Columbia Heights in Washington, DC, close to dining, shopping, city amenities, and Rock Creek Park.
The condo fee covers heat, water, trash service, snow removal, landscaping, access to a laundry facility, and professional management.
The property sits near the boundary of Mount Pleasant and Columbia Heights in Washington, DC, close to dining, shopping, city amenities, and Rock Creek Park.
The condo fee covers heat, water, trash service, snow removal, landscaping, access to a laundry facility, and professional management.
Key Highlights
- Two bedrooms and one bathroom in 926 square feet
- Updated bathroom tile, vanity cabinet, and fixtures
- New flooring throughout and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,386
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,720
$307.7K
Cap Rate 7%
$219,800
$219.8K
Cap Rate 9%
$170,956
$171.0K
Market Conditions
NOI Build-Up for 926 SF
Gross rent
$29.4K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$28.0K $30.21/SF
− OpEx
−$12.6K −$13.59/SF
NOI
$15.4K $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%
$307,720
Cap Rate 7%
$219,800
Cap Rate 9%
$170,956
Alternative Uses
Best Use
Apartment 5plus
$219.8K
$192.3K – $256.4K
NOI $15,386 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.3K
$416.8K – $555.7K
NOI $33,341 @ 7.0% cap · market cap 9.95%
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
3,165
Businesses Nearby
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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 - The apartment has updated bathroom finishes, new flooring, fresh paint, and secured gated entry.
Where is this residential income property located?
The property is located at 1523 PARK ROAD NW Unit B2 Washington, DC.
What is the asking price?
The asking price for this property is $334,999.
What are key features of this property?
This property features: Two bedrooms and one bathroom in 926 square feet; Updated bathroom tile, vanity cabinet, and fixtures; New flooring throughout and fresh paint
