Residential Income Property with Private
For Sale
$359,000
Pending
1618 S STREET NW Unit 2, Washington, DC 20009
The residence includes a fenced outdoor deck, an updated kitchen, and access to on-site laundry facilities.
Property Size550 SF
Days on Market10
Property Features for 1618 S STREET NW Unit 2
General Information
Standard status
Pending
Size
550 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Reed-Cooke
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,709
Amenities
deck
on-site laundry
Building Details
Building Size
550 SF
Year Built
1905
Listing Agency:
Compass
Listed By:
Michael Marriott · License #SP98367648
(202) 716-7000
Source:
Kwcapitalproperties
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 30 at 10:19PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a one-bedroom residence in a boutique building dating to 1905. Interior features include hardwood floors, a dining nook, large windows, a galley kitchen with stainless steel appliances and gas cooking, and a full bathroom. The unit also has a private, fenced wooden deck and access to laundry facilities on site.
The property is on S Street NW in Washington, DC, near Dupont Circle Metro and the 14th Street and U Street corridors. Nearby offerings include cafes, restaurants, and shops.
The property is on S Street NW in Washington, DC, near Dupont Circle Metro and the 14th Street and U Street corridors. Nearby offerings include cafes, restaurants, and shops.
Key Highlights
- Private, fully fenced wooden deck
- One‑bedroom residence with a full bathroom
- Updated galley kitchen with stainless steel appliances and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,703
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,060
$214.1K
Cap Rate 7%
$152,900
$152.9K
Cap Rate 9%
$118,922
$118.9K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$20.7K $37.56/SF
− Vacancy
−$1.2K −$2.18/SF
EGI
$19.5K $35.38/SF
− OpEx
−$8.8K −$15.92/SF
NOI
$10.7K $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%
$214,060
Cap Rate 7%
$152,900
Cap Rate 9%
$118,922
Alternative Uses
Best Use
Apartment 5plus
$152.9K
$133.8K – $178.4K
NOI $10,703 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.9K
$247.5K – $330.1K
NOI $19,803 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,041
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
Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a fenced outdoor deck, an updated kitchen, and access to on-site laundry facilities.
Where is this residential income property located?
The property is located at 1618 S STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Private, fully fenced wooden deck; One‑bedroom residence with a full bathroom; Updated galley kitchen with stainless steel appliances and gas cooking
