Art Deco Residential Income
For Sale
$569,000
1613 HARVARD STREET NW Unit 308, Washington, DC 20009
Two-bedroom corner residence with preserved period detailing, updated bath, and access to fitness, bike, and storage amenities.
Property Size990 SF
Price / SF$574.75
Days on Market115
Property Features for 1613 HARVARD STREET NW Unit 308
General Information
Standard status
Active
Size
990 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Lanier Heights
Public Transit
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,811
Amenities
gym
bike storage
storage space
Building Details
Building Size
990 SF
Year Built
1923
Construction
Art Deco
Listing Agency:
Compass
Listed By:
Matthew M McHugh · License #SP101931
(202) 276-0985
Source:
Kerishull
Added: Jul 7
Changed: Oct 25
Last Checked: Oct 28 at 3:45PM
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 two-bedroom residential income property occupies a corner position within a 1923 Art Deco building. The 990-square-foot residence features wood flooring with inlay borders, picture molding, and a bathroom updated for contemporary use while retaining historic character. South-eastern exposure brings natural light into the home, and the limestone exterior includes Gothic-inspired arches, quatrefoils, and frieze detailing.
Resident amenities include a gym, dedicated bike storage, and additional storage space. The property is located on Harvard Street NW in Washington, DC, near the Mount Pleasant, Adams Morgan, and Columbia Heights areas, with restaurants, boutiques, nightlife, multiple bus lines, and nearby Metro access in the surrounding urban setting.
Resident amenities include a gym, dedicated bike storage, and additional storage space. The property is located on Harvard Street NW in Washington, DC, near the Mount Pleasant, Adams Morgan, and Columbia Heights areas, with restaurants, boutiques, nightlife, multiple bus lines, and nearby Metro access in the surrounding urban setting.
Key Highlights
- 990 SF two‑bedroom corner residence
- 1923 Art Deco building with limestone facade and Gothic detailing
- South‑eastern exposure provides natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,265
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,300
$385.3K
Cap Rate 7%
$275,214
$275.2K
Cap Rate 9%
$214,056
$214.1K
Market Conditions
NOI Build-Up for 990 SF
Gross rent
$37.2K $37.56/SF
− Vacancy
−$2.2K −$2.18/SF
EGI
$35.0K $35.38/SF
− OpEx
−$15.8K −$15.92/SF
NOI
$19.3K $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%
$385,300
Cap Rate 7%
$275,214
Cap Rate 9%
$214,056
Alternative Uses
Best Use
Apartment 5plus
$275.2K
$240.8K – $321.1K
NOI $19,265 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.2K
$445.6K – $594.1K
NOI $35,646 @ 7.0% cap · market cap 6.26%
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 - Two-bedroom corner residence with preserved period detailing, updated bath, and access to fitness, bike, and storage amenities.
Where is this residential income property located?
The property is located at 1613 HARVARD STREET NW Unit 308 Washington, DC.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 990 SF two‑bedroom corner residence; 1923 Art Deco building with limestone facade and Gothic detailing; South‑eastern exposure provides natural light
