Renovated Studio
For Sale
$249,000
1601 18TH STREET NW Unit 413, Washington, DC 20009
Kitchen and bath updates date to 2023, with shared laundry and rooftop amenities.
Property Size426 SF
Price / SF$584.51
Days on Market113
Property Features for 1601 18TH STREET NW Unit 413
General Information
Standard status
Active
Size
426 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,092
Amenities
community washer and dryers
roof deck
exercise room
24-hour front desk
Building Details
Building Size
426 SF
Year Built
1962
Year Renovated
2023
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 10
Changed: Oct 27
Last Checked: Oct 26 at 2:34PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This studio apartment received kitchen and bathroom renovations in 2023. Interior features include wood-look tile flooring, a walk-in closet, and natural light. Residents have access to shared laundry on the main level, a rooftop deck, and a small exercise room. A 24-hour front desk serves the building, and utilities are included in the condo fee.
The property is in Washington’s Dupont neighborhood, about a block from the Circle and a short walk from Metro. Its Walk Score is 99 out of 100.
The property is in Washington’s Dupont neighborhood, about a block from the Circle and a short walk from Metro. Its Walk Score is 99 out of 100.
Key Highlights
- Kitchen and bathroom renovated in 2023
- Walk‑in closet and wood‑look tile floors
- Utilities included in the condo fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,290
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,800
$165.8K
Cap Rate 7%
$118,429
$118.4K
Cap Rate 9%
$92,111
$92.1K
Market Conditions
NOI Build-Up for 426 SF
Gross rent
$16.0K $37.56/SF
− Vacancy
−$928 −$2.18/SF
EGI
$15.1K $35.38/SF
− OpEx
−$6.8K −$15.92/SF
NOI
$8.3K $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%
$165,800
Cap Rate 7%
$118,429
Cap Rate 9%
$92,111
Alternative Uses
Best Use
Apartment 5plus
$118.4K
$103.6K – $138.2K
NOI $8,290 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.1K
$191.7K – $255.6K
NOI $15,338 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
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 - Kitchen and bath updates date to 2023, with shared laundry and rooftop amenities.
Where is this residential income property located?
The property is located at 1601 18TH STREET NW Unit 413 Washington, DC.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Kitchen and bathroom renovated in 2023; Walk‑in closet and wood‑look tile floors; Utilities included in the condo fee
