One-Bedroom
For Sale
$349,000
1601 18TH STREET NW Unit 205, Washington, DC 20009
Building amenities include a fitness center, rooftop deck, concierge, and 24-hour security.
Property Size653 SF
Days on Market9
Property Features for 1601 18TH STREET NW Unit 205
General Information
Standard status
Active
Size
653 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,616
Building Details
Building Size
653 SF
Year Built
1962
Listing Agency:
RE/MAX Realty Group
Listed By:
Julie K Robinson · License #SP40002330
(301) 674-8930
Source:
Kwcapitalproperties
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 5 at 10:35PM
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 RE/MAX Realty Group
Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium has updated flooring, fresh paint, and custom lighting. The kitchen features granite surfaces and stainless steel appliances, while the bathroom includes an updated tub and shower combination. Large windows bring natural light into the unit. The building dates to 1962.
Dupont Circle is one block away. Residents have access to a rooftop deck and on-site fitness center, along with concierge service and 24-hour security. The condominium fee covers all utilities.
Dupont Circle is one block away. Residents have access to a rooftop deck and on-site fitness center, along with concierge service and 24-hour security. The condominium fee covers all utilities.
Key Highlights
- One bedroom and one bathroom
- Kitchen updated with granite and stainless steel appliances
- Updated bathroom with tub and shower combination
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,707
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,140
$254.1K
Cap Rate 7%
$181,529
$181.5K
Cap Rate 9%
$141,189
$141.2K
Market Conditions
NOI Build-Up for 653 SF
Gross rent
$24.5K $37.56/SF
− Vacancy
−$1.4K −$2.18/SF
EGI
$23.1K $35.38/SF
− OpEx
−$10.4K −$15.92/SF
NOI
$12.7K $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%
$254,140
Cap Rate 7%
$181,529
Cap Rate 9%
$141,189
Alternative Uses
Best Use
Apartment 5plus
$181.5K
$158.8K – $211.8K
NOI $12,707 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.9K
$293.9K – $391.9K
NOI $23,512 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
16,003
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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Frequently Asked Questions
What type of property is this?
Residential income property - Building amenities include a fitness center, rooftop deck, concierge, and 24-hour security.
Where is this residential income property located?
The property is located at 1601 18TH STREET NW Unit 205 Washington, DC.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: One bedroom and one bathroom; Kitchen updated with granite and stainless steel appliances; Updated bathroom with tub and shower combination
