Two-Bedroom
For Sale
$159,900
1613 GAINESVILLE STREET SE Unit 201, Washington, DC 20020
Second-floor residence with in-unit laundry and an assigned parking space.
Property Size834 SF
Price / SF$191.73
Days on Market67
Property Features for 1613 GAINESVILLE STREET SE Unit 201
General Information
Standard status
Active
Size
834 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Occupancy
100%
Site & Location
Neighborhood
Fort Stanton
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,272
Building Details
Building Size
834 SF
Year Built
1965
Tenancy
Single
Listing Agency:
Compass
Listed By:
Michelle C Triolo · License #SP40003056
(410) 982-8222
Source:
Jackrealtygroup
Added: Aug 24
Changed: Oct 27
Last Checked: Oct 26 at 2:26PM
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 Compass
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Investment Insights
Based on property information with market context.
This 834-square-foot, two-bedroom, one-bath condominium is on the second floor of a walk-up building constructed in 1965. Interior features include laminate flooring, central air and heat, granite countertops, a walk-in closet in the primary bedroom, and a stackable washer and dryer. One assigned parking space is included.
The unit is tenant-occupied under a month-to-month lease. The tenant would like to remain through December 2027. The condominium is not FHA approved; cash or conventional financing is required. It is located minutes from the Anacostia Metro and near Anacostia Park, Nationals Park, and Eastern Market.
The unit is tenant-occupied under a month-to-month lease. The tenant would like to remain through December 2027. The condominium is not FHA approved; cash or conventional financing is required. It is located minutes from the Anacostia Metro and near Anacostia Park, Nationals Park, and Eastern Market.
Key Highlights
- 834‑square‑foot condominium with two bedrooms and one bathroom
- Second‑floor unit in a walk‑up building built in 1965
- Laminate flooring, central air and heat, and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,166
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,320
$263.3K
Cap Rate 7%
$188,086
$188.1K
Cap Rate 9%
$146,289
$146.3K
Market Conditions
NOI Build-Up for 834 SF
Gross rent
$25.5K $30.60/SF
− Vacancy
−$1.6K −$1.90/SF
EGI
$23.9K $28.70/SF
− OpEx
−$10.8K −$12.92/SF
NOI
$13.2K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,320
Cap Rate 7%
$188,086
Cap Rate 9%
$146,289
Alternative Uses
Best Use
Apartment 5plus
$188.1K
$164.6K – $219.4K
NOI $13,166 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.6K
$376.8K – $502.4K
NOI $30,142 @ 7.0% cap · market cap 18.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor residence with in-unit laundry and an assigned parking space.
Where is this residential income property located?
The property is located at 1613 GAINESVILLE STREET SE Unit 201 Washington, DC.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 834‑square‑foot condominium with two bedrooms and one bathroom; Second‑floor unit in a walk‑up building built in 1965; Laminate flooring, central air and heat, and granite countertops
