Two-Bedroom
For Sale
$294,500
1620 29TH STREET SE Unit 203, Washington, DC 20020
Interior laundry, dedicated parking, and shared fitness and rooftop amenities support everyday convenience.
Property Size929 SF
Price / SF$317.01
Days on Market60
Property Features for 1620 29TH STREET SE Unit 203
General Information
Standard status
Active
Size
929 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Twining
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,003
Amenities
roof top deck
gym/weight room
interior bicycle storage
pet friendly
Building Details
Building Size
929 SF
Year Built
1950
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 31
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 929-square-foot condominium offers two bedrooms and two bathrooms, including an ensuite. The interior features a custom kitchen, large living areas, walls of windows, walk-in closets, abundant cabinetry, and a built-in sound system. Flooring and the guest bathroom have been updated. A laundry closet with washer and dryer, additional storage, and a dedicated parking space are also included. The building was constructed in 1950 and provides a rooftop deck, gym, and interior bicycle storage.
The property is east of the river from Capitol Hill, near Anacostia River Park and The Dream Center. The stated Walk Score is 71; Metro Bus service is less than half a mile away, and Metro Rail is 1.3 miles away.
The property is east of the river from Capitol Hill, near Anacostia River Park and The Dream Center. The stated Walk Score is 71; Metro Bus service is less than half a mile away, and Metro Rail is 1.3 miles away.
Key Highlights
- Two bedrooms and two bathrooms in 929 square feet
- Custom kitchen, large living areas, and walls of windows
- Ensuite bathroom, walk‑in closets, and updated guest bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,666
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,320
$293.3K
Cap Rate 7%
$209,514
$209.5K
Cap Rate 9%
$162,956
$163.0K
Market Conditions
NOI Build-Up for 929 SF
Gross rent
$28.4K $30.60/SF
− Vacancy
−$1.8K −$1.90/SF
EGI
$26.7K $28.70/SF
− OpEx
−$12.0K −$12.92/SF
NOI
$14.7K $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%
$293,320
Cap Rate 7%
$209,514
Cap Rate 9%
$162,956
Alternative Uses
Best Use
Apartment 5plus
$209.5K
$183.3K – $244.4K
NOI $14,666 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.6K
$419.7K – $559.6K
NOI $33,575 @ 7.0% cap · market cap 11.40%
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
672
Businesses Nearby
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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 - Interior laundry, dedicated parking, and shared fitness and rooftop amenities support everyday convenience.
Where is this residential income property located?
The property is located at 1620 29TH STREET SE Unit 203 Washington, DC.
What is the asking price?
The asking price for this property is $294,500.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 929 square feet; Custom kitchen, large living areas, and walls of windows; Ensuite bathroom, walk‑in closets, and updated guest bathroom
