Updated Top-Floor Residential Income
For Sale
$529,000
1527 PARK ROAD NW Unit 301, Washington, DC 20010
Two-bedroom apartment with private outdoor space, reserved parking, in-unit laundry, and extensive recent improvements.
Property Size1,058 SF
Price / SF$500
Days on Market147
Property Features for 1527 PARK ROAD NW Unit 301
General Information
Standard status
Active
Size
1,058 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,552
Amenities
central air conditioning
hardwood flooring
in-unit washer/dryer
private balcony/deck
off-street reserved parking
new roof
Building Details
Building Size
1,058 SF
Year Built
1905
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Warren J Kluth · License #SP100443
(703) 244-1111
Source:
Kerishull
Added: Jun 5
Changed: Oct 25
Last Checked: Oct 28 at 5:58PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This top-floor residential income property offers 1,058 square feet with two bedrooms and one full bathroom. The layout includes an entry foyer with coat storage, an open living and dining area, a spacious kitchen, hardwood flooring, ample closets, and a private balcony or deck with room for seating. In-unit laundry and off-street reserved parking add practical convenience.
Property improvements include central AC installed in 2020, a fully remodeled bathroom completed in 2021, replacement windows from 2022, and a new refrigerator and washer/dryer installed in 2024. A garbage disposal and dishwasher are identified as new in 2026. The 1905 building is also scheduled for a new roof, with the work paid for.
The property is located at 1527 Park Road NW in Washington, DC, near Meridian Hill Park, Adams Morgan, Mount Pleasant, Columbia Heights, 14th Street, Metro, shopping, dining, and nightlife.
Property improvements include central AC installed in 2020, a fully remodeled bathroom completed in 2021, replacement windows from 2022, and a new refrigerator and washer/dryer installed in 2024. A garbage disposal and dishwasher are identified as new in 2026. The 1905 building is also scheduled for a new roof, with the work paid for.
The property is located at 1527 Park Road NW in Washington, DC, near Meridian Hill Park, Adams Morgan, Mount Pleasant, Columbia Heights, 14th Street, Metro, shopping, dining, and nightlife.
Key Highlights
- 1,058 SF top‑floor apartment with 2 bedrooms and 1 full bathroom
- Private balcony/deck with table space and additional seating areas
- Off‑street reserved parking and in‑unit washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,579
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,580
$351.6K
Cap Rate 7%
$251,129
$251.1K
Cap Rate 9%
$195,322
$195.3K
Market Conditions
NOI Build-Up for 1,058 SF
Gross rent
$33.6K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$32.0K $30.21/SF
− OpEx
−$14.4K −$13.59/SF
NOI
$17.6K $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%
$351,580
Cap Rate 7%
$251,129
Cap Rate 9%
$195,322
Alternative Uses
Best Use
Apartment 5plus
$251.1K
$219.7K – $293.0K
NOI $17,579 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.2K
$476.2K – $634.9K
NOI $38,094 @ 7.0% cap · market cap 7.20%
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 - Two-bedroom apartment with private outdoor space, reserved parking, in-unit laundry, and extensive recent improvements.
Where is this residential income property located?
The property is located at 1527 PARK ROAD NW Unit 301 Washington, DC.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 1,058 SF top‑floor apartment with 2 bedrooms and 1 full bathroom; Private balcony/deck with table space and additional seating areas; Off‑street reserved parking and in‑unit washer/dryer
