Historic Office
1614 20TH STREET NW, Washington, DC 20009
For Sale
New
$6,800,000
Four principal floors retain period woodwork, fireplaces and generous ceiling heights, complemented by elevator access and a roof terrace.
Property Size9,145 SF
Price / SF$735.37
Days on Market6
Property Features for 1614 20TH STREET NW
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Property Use
Amenities
roof terrace
Building Details
Year Built
Buildings
Stories
Building Size
Construction
Listing Agency:
TTR Sotheby's International Realty
(202) 333-1212
Listed By:
Michael W Rankin · License #SP00093083
(202) 271-3344
Source:
Cummingsrealtors
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:49AM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This historic office property spans four principal stories and combines residential-era finishes with features for professional use. Interior details include wood paneling, decorative millwork, high ceilings and fireplaces. An elevator, roof terrace and off-street parking add practical amenities. The building was converted to office use in 1951 and has since served professional organizations, including as the headquarters of the Association of American Law Schools.
Located in Washington’s Dupont Circle Historic District, the property sits at 20th Street and Hillyer Place, overlooking Connecticut Avenue. The Dupont Circle Metro station is approximately one block away. Restaurants, galleries, embassies and cultural institutions are also noted in the surrounding area.
Located in Washington’s Dupont Circle Historic District, the property sits at 20th Street and Hillyer Place, overlooking Connecticut Avenue. The Dupont Circle Metro station is approximately one block away. Restaurants, galleries, embassies and cultural institutions are also noted in the surrounding area.
Key Highlights
- Four principal stories with historic wood paneling, decorative millwork, high ceilings and fireplaces
- Elevator access, roof terrace and off‑street parking
- Converted to professional office use in 1951
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,852
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,257,040
$5.3M
Cap Rate 7%
$3,755,029
$3.8M
Cap Rate 9%
$2,920,578
$2.9M
Market Conditions
NOI Build-Up for 9,247 SF
Gross rent
$417.2K $45.12/SF
− Vacancy
−$66.8K −$7.22/SF
EGI
$350.5K $37.90/SF
− OpEx
−$87.6K −$9.48/SF
NOI
$262.9K $28.43/SF
Area
ZIP 20009
Vacancy
16.00%
Lease Rate
$45.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,257,040
Cap Rate 7%
$3,755,029
Cap Rate 9%
$2,920,578
Alternative Uses
Best Use
Office B
$3.76M
$3.29M – $4.38M
NOI $262,852 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.76M
$4.16M – $5.55M
NOI $332,945 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
13,963
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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Market
Properties on Market for Office buildings in Washington
Vacancy Rate% for Office in Washington, DC
Frequently Asked Questions
What type of property is this?
Office building - Four principal floors retain period woodwork, fireplaces and generous ceiling heights, complemented by elevator access and a roof terrace.
Where is this office building located?
The property is located at 1614 20TH STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Four principal stories with historic wood paneling, decorative millwork, high ceilings and fireplaces; Elevator access, roof terrace and off‑street parking; Converted to professional office use in 1951
