Two-Bedroom Residential Income
For Sale
$375,000
1531 PARK ROAD NW Unit 1, Washington, DC 20010
A two-bedroom home in a 1920 Victorian-style building includes two full baths and dedicated laundry.
Property Size926 SF
Price / SF$404.97
Days on Market31
Property Features for 1531 PARK ROAD NW Unit 1
General Information
Standard status
Active
Size
926 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,868
Building Details
Building Size
926 SF
Year Built
1920
Construction
Victorian-style
Listing Agency:
Samson Properties
Listed By:
Christopher M Chambers · License #SP98373958
(301) 775-4710
Source:
Jackrealtygroup
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 26 at 2:18PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom residence occupies a Victorian-style building constructed in 1920. The 926-square-foot home has an open living and dining area, recessed lighting, and wood-look flooring. The kitchen is equipped with stainless steel appliances, gas cooking, cabinetry, and a breakfast bar. A dedicated laundry closet and additional closet space provide in-unit storage and laundry facilities.
The property is at 1531 Park Road NW in Washington, DC, near Columbia Heights Metro, neighborhood shops, and dining. Target, the 14th Street shopping corridor, Mount Pleasant Farmers’ Market, and Meridian Hill Park are also nearby. The location offers access to Columbia Heights, Mount Pleasant, and Adams Morgan.
The property is at 1531 Park Road NW in Washington, DC, near Columbia Heights Metro, neighborhood shops, and dining. Target, the 14th Street shopping corridor, Mount Pleasant Farmers’ Market, and Meridian Hill Park are also nearby. The location offers access to Columbia Heights, Mount Pleasant, and Adams Morgan.
Key Highlights
- Two bedrooms and two full bathrooms
- 926 square feet with an open living and dining area
- Victorian‑style building constructed in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,386
Cap Rate
4.10%
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 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.3K
$416.8K – $555.7K
NOI $33,341 @ 7.0% cap · market cap 8.89%
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 - A two-bedroom home in a 1920 Victorian-style building includes two full baths and dedicated laundry.
Where is this residential income property located?
The property is located at 1531 PARK ROAD NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; 926 square feet with an open living and dining area; Victorian‑style building constructed in 1920
