Two-Bedroom Condominium
For Sale
$529,000
1613 HARVARD STREET NW Unit 106, Washington, DC 20009
A two-bedroom home combines an open living and dining area with in-unit laundry and access to shared fitness and bike facilities.
Property Size975 SF
Price / SF$542.56
Days on Market38
Property Features for 1613 HARVARD STREET NW Unit 106
General Information
Standard status
Active
Size
975 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Lanier Heights
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,125
Amenities
extra storage
fitness center
bike room
Building Details
Building Size
975 SF
Year Built
1923
Buildings
1
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Richard P Oder · License #SP98357361
(202) 329-6900
Source:
Irvinrealtyllc
Added: Sep 22
Changed: Oct 26
Last Checked: Oct 26 at 10:21AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 975-square-foot condominium residence in the Embassy Condominiums has 2 bedrooms and 1 full bathroom. Its open living and dining areas connect to a kitchen with substantial counter and storage space. Wood floors and wainscoting add interior character, while 10 south- and west-facing windows bring afternoon light into the home. The kitchen includes a new refrigerator and microwave, and the unit has a front-loading steam washer and condensing dryer. The building dates to 1923 and offers an elevator, extra storage, a fitness center, and a bike room.
The property is in Washington, DC’s Mount Pleasant neighborhood, three blocks from the Columbia Heights Metro station. Nearby context includes local shops, cafes, parks, Rock Creek Park, and the zoo; bus service and Zip Cars are also noted nearby. The association fee covers water, sewer, trash, and common-area maintenance.
The property is in Washington, DC’s Mount Pleasant neighborhood, three blocks from the Columbia Heights Metro station. Nearby context includes local shops, cafes, parks, Rock Creek Park, and the zoo; bus service and Zip Cars are also noted nearby. The association fee covers water, sewer, trash, and common-area maintenance.
Key Highlights
- 975‑square‑foot residence with 2 bedrooms and 1 full bathroom
- 10 south- and west‑facing windows
- Open living and dining area with kitchen storage and counter space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,973
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,460
$379.5K
Cap Rate 7%
$271,043
$271.0K
Cap Rate 9%
$210,811
$210.8K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$36.6K $37.56/SF
− Vacancy
−$2.1K −$2.18/SF
EGI
$34.5K $35.38/SF
− OpEx
−$15.5K −$15.92/SF
NOI
$19.0K $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%
$379,460
Cap Rate 7%
$271,043
Cap Rate 9%
$210,811
Alternative Uses
Best Use
Apartment 5plus
$271.0K
$237.2K – $316.2K
NOI $18,973 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$501.5K
$438.8K – $585.1K
NOI $35,106 @ 7.0% cap · market cap 6.64%
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
3,646
Businesses Nearby
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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 - A two-bedroom home combines an open living and dining area with in-unit laundry and access to shared fitness and bike facilities.
Where is this residential income property located?
The property is located at 1613 HARVARD STREET NW Unit 106 Washington, DC.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 975‑square‑foot residence with 2 bedrooms and 1 full bathroom; 10 south- and west‑facing windows; Open living and dining area with kitchen storage and counter space
