Street-Level Residential Income
For Sale
$464,900
1525 Q STREET NW Unit 3, Washington, DC 20009
Street-level condominium with a shared bike room, pet-friendly policy, and convenient rear exit access.
Property Size756 SF
Days on Market35
Property Features for 1525 Q STREET NW Unit 3
General Information
Standard status
Active
Size
756 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,506
Amenities
community bike room
Building Details
Building Size
756 SF
Year Built
1912
Listing Agency:
D.S.A. Properties & Investments LLC
Listed By:
Deyi S Awadallah · License #0225073879
(703) 501-5252
Source:
Kwcapitalproperties
Added: Sep 15
Changed: Oct 6
Last Checked: Oct 16 at 5:44PM
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 D.S.A. Properties & Investments LLC
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Investment Insights
Based on property information with market context.
Built in 1912, this street-level residential income property is configured as a two-bedroom, one-bath condominium residence. The building provides a community bike room located near the unit, maintains a pet-friendly policy, and includes a below-street-level rear exit for additional access.
The property is positioned between Logan Circle and Dupont Circle, with dining and shopping available in the surrounding city setting.
The property is positioned between Logan Circle and Dupont Circle, with dining and shopping available in the surrounding city setting.
Key Highlights
- Two‑bedroom, one‑bath condominium residence
- Street‑level layout
- Community bike room near the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,712
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,240
$294.2K
Cap Rate 7%
$210,171
$210.2K
Cap Rate 9%
$163,467
$163.5K
Market Conditions
NOI Build-Up for 756 SF
Gross rent
$28.4K $37.56/SF
− Vacancy
−$1.6K −$2.18/SF
EGI
$26.7K $35.38/SF
− OpEx
−$12.0K −$15.92/SF
NOI
$14.7K $19.46/SF
Area
ZIP 20009
Vacancy
5.80%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,240
Cap Rate 7%
$210,171
Cap Rate 9%
$163,467
Alternative Uses
Best Use
Apartment 5plus
$210.2K
$183.9K – $245.2K
NOI $14,712 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$388.9K
$340.3K – $453.7K
NOI $27,220 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
15,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Street-level condominium with a shared bike room, pet-friendly policy, and convenient rear exit access.
Where is this residential income property located?
The property is located at 1525 Q STREET NW Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium residence; Street‑level layout; Community bike room near the unit
