Residential Income Property with
For Sale
$375,000
1617 21ST PLACE SE Unit 104, Washington, DC 20020
A two-bedroom residence offers an open layout, in-unit laundry, and off-street parking.
Property Size1,174 SF
Price / SF$319.42
Days on Market78
Property Features for 1617 21ST PLACE SE Unit 104
General Information
Standard status
Active
Size
1,174 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,395
Amenities
private deck
fireplace
in-unit laundry
wine cooler
Building Details
Building Size
1,174 SF
Year Built
2006
Listing Agency:
EXP Realty, LLC
Listed By:
Iana Capers · License #SP40002558
(240) 317-9084
Source:
Kartaproperties
Added: Aug 14
Changed: Oct 27
Last Checked: Oct 30 at 2:27AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,174-square-foot residence, built in 2006, has two bedrooms and 2.5 bathrooms arranged around an open floor plan. Interior features include wood flooring, vaulted ceilings, recessed lighting, and a fireplace. The galley kitchen has upgraded countertops, stainless steel appliances, a built-in microwave, dishwasher, extended bar, and wine cooler storage. A private rear deck, in-unit washer and dryer, and off-street parking are also included. The roof was replaced in 2024; the listing also reports HVAC replacement and a kitchen sink replacement in 8/2026.
The property is near Pennsylvania Avenue SE and Minnesota Avenue SE, with access to HW295 and other major roads. Skyland Town Center and the developing Bridge District are identified as nearby destinations. The association covers common-area maintenance and water.
The property is near Pennsylvania Avenue SE and Minnesota Avenue SE, with access to HW295 and other major roads. Skyland Town Center and the developing Bridge District are identified as nearby destinations. The association covers common-area maintenance and water.
Key Highlights
- 1,174 square feet with 2 bedrooms and 2.5 bathrooms
- Roof replaced in 2024; HVAC replacement reported for 8/2026
- Open floor plan with vaulted ceilings, wood flooring, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,533
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,660
$370.7K
Cap Rate 7%
$264,757
$264.8K
Cap Rate 9%
$205,922
$205.9K
Market Conditions
NOI Build-Up for 1,174 SF
Gross rent
$35.9K $30.60/SF
− Vacancy
−$2.2K −$1.90/SF
EGI
$33.7K $28.70/SF
− OpEx
−$15.2K −$12.92/SF
NOI
$18.5K $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%
$370,660
Cap Rate 7%
$264,757
Cap Rate 9%
$205,922
Alternative Uses
Best Use
Apartment 5plus
$264.8K
$231.7K – $308.9K
NOI $18,533 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.1K
$530.4K – $707.2K
NOI $42,430 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
923
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 - A two-bedroom residence offers an open layout, in-unit laundry, and off-street parking.
Where is this residential income property located?
The property is located at 1617 21ST PLACE SE Unit 104 Washington, DC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,174 square feet with 2 bedrooms and 2.5 bathrooms; Roof replaced in 2024; HVAC replacement reported for 8/2026; Open floor plan with vaulted ceilings, wood flooring, and a fireplace
