Studio Apartment with Renovated
For Sale
$290,000
1601 18TH STREET NW Unit 804, Washington, DC 20009
Residents have access to a fitness center, rooftop deck, and 24-hour concierge service.
Property Size502 SF
Price / SF$577.69
Days on Market93
Property Features for 1601 18TH STREET NW Unit 804
General Information
Standard status
Active
Size
502 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,373
Amenities
24/7 concierge
fitness center
rooftop deck with panoramic views
Building Details
Building Size
502 SF
Year Built
1962
Listing Agency:
Redfin Corp
Listed By:
Rebecca J Love · License #SP98373330
(202) 656-9158
Source:
Jackrealtygroup
Added: Jul 30
Changed: Oct 27
Last Checked: Oct 26 at 2:50PM
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 Redfin Corp
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Investment Insights
Based on property information with market context.
This 502-square-foot studio is on an upper floor of a residential building constructed in 1962. Its open layout includes a renovated kitchen and generous storage. Building amenities include a fitness center, rooftop deck, and 24-hour concierge service; pets are allowed.
The property is in Dupont Circle, within walking distance of the Dupont Circle Metro station, restaurants, cafes, shops, and nightlife.
The property is in Dupont Circle, within walking distance of the Dupont Circle Metro station, restaurants, cafes, shops, and nightlife.
Key Highlights
- 502‑square‑foot upper‑level studio
- Renovated kitchen and generous storage
- Building amenities include a fitness center, rooftop deck, and 24‑hour concierge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,769
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,380
$195.4K
Cap Rate 7%
$139,557
$139.6K
Cap Rate 9%
$108,544
$108.5K
Market Conditions
NOI Build-Up for 502 SF
Gross rent
$18.9K $37.56/SF
− Vacancy
−$1.1K −$2.18/SF
EGI
$17.8K $35.38/SF
− OpEx
−$8.0K −$15.92/SF
NOI
$9.8K $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%
$195,380
Cap Rate 7%
$139,557
Cap Rate 9%
$108,544
Alternative Uses
Best Use
Apartment 5plus
$139.6K
$122.1K – $162.8K
NOI $9,769 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.2K
$225.9K – $301.3K
NOI $18,075 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Residents have access to a fitness center, rooftop deck, and 24-hour concierge service.
Where is this residential income property located?
The property is located at 1601 18TH STREET NW Unit 804 Washington, DC.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 502‑square‑foot upper‑level studio; Renovated kitchen and generous storage; Building amenities include a fitness center, rooftop deck, and 24‑hour concierge
