Residential Income Property with
For Sale
$600,000
1613 HARVARD STREET NW Unit 215, Washington, DC 20009
Updated condominium with preserved architectural details, private outdoor space, and building amenities in Mount Pleasant.
Property Size1,065 SF
Days on Market40
Property Features for 1613 HARVARD STREET NW Unit 215
General Information
Standard status
Active
Size
1,065 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,044
Building Details
Building Size
1,065 SF
Year Built
1923
Listing Agency:
Compass
Listed By:
Jennifer S Smira · License #SP600505
(202) 280-2060
Source:
Barnesrealestatecompany
Added: Sep 9
Changed: Oct 8
Last Checked: Oct 16 at 5:53PM
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 updated condominium in The Embassy combines historic character with practical modern improvements. The two-bedroom, one-bath residence includes a living room with access to a private balcony, a renovated eat-in kitchen with stainless steel appliances and extensive cabinetry, two walk-in closets, and an in-unit washer and dryer. Original moldings, hardwood floors with inlay borders, nine-foot ceilings, and fresh paint add distinctive interior character.
Located on the second floor near a building staircase, the home offers convenient access without relying on the elevator. The 1923 building includes a restored lobby, fitness room, library, bike storage, and a pet-friendly community. Columbia Heights Metro, Rock Creek Park, Meridian Hill Park, the Smithsonian National Zoo, dog parks, grocery stores, restaurants, cafes, boutiques, and local markets are all identified nearby.
Located on the second floor near a building staircase, the home offers convenient access without relying on the elevator. The 1923 building includes a restored lobby, fitness room, library, bike storage, and a pet-friendly community. Columbia Heights Metro, Rock Creek Park, Meridian Hill Park, the Smithsonian National Zoo, dog parks, grocery stores, restaurants, cafes, boutiques, and local markets are all identified nearby.
Key Highlights
- Two‑bedroom, one‑bath condominium in The Embassy
- Private balcony off the living room
- Renovated eat‑in kitchen with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,725
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,500
$414.5K
Cap Rate 7%
$296,071
$296.1K
Cap Rate 9%
$230,278
$230.3K
Market Conditions
NOI Build-Up for 1,065 SF
Gross rent
$40.0K $37.56/SF
− Vacancy
−$2.3K −$2.18/SF
EGI
$37.7K $35.38/SF
− OpEx
−$17.0K −$15.92/SF
NOI
$20.7K $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%
$414,500
Cap Rate 7%
$296,071
Cap Rate 9%
$230,278
Alternative Uses
Best Use
Apartment 5plus
$296.1K
$259.1K – $345.4K
NOI $20,725 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$547.8K
$479.3K – $639.1K
NOI $38,346 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,646
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 - Updated condominium with preserved architectural details, private outdoor space, and building amenities in Mount Pleasant.
Where is this residential income property located?
The property is located at 1613 HARVARD STREET NW Unit 215 Washington, DC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium in The Embassy; Private balcony off the living room; Renovated eat‑in kitchen with stainless steel appliances
