Four-Level Residential
For Sale
$400,000
1624 U STREET NW Unit 301, Washington, DC 20009
A vertical layout separates the kitchen, living area, bathroom, and bedroom across four distinct floors.
Property Size650 SF
Price / SF$615.38
Days on Market30
Property Features for 1624 U STREET NW Unit 301
General Information
Standard status
Active
Size
650 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Anacostia
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,129
Amenities
fireplace
washer/dryer
private balcony
Building Details
Building Size
650 SF
Year Built
1893
Stories
4
Listing Agency:
Corcoran McEnearney
Listed By:
David Ochsman · License #SP98377918
(301) 442-2287
Source:
Kwcapitalproperties
Added: Sep 30
Changed: Oct 27
Last Checked: Oct 28 at 2:08PM
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 Corcoran McEnearney
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.
Set within a former firehouse built in 1893, this approximately 650-square-foot residence is arranged across four levels. The entry floor combines the kitchen and dining area, with a living room and wood-burning fireplace on the floor above. The next level contains an updated bathroom, a washer and dryer closet, and access to a private balcony. A bedroom with built-in closets and additional storage occupies the top floor. Open staircases connect the spaces, giving each floor a distinct function.
The property is at 1624 U Street NW in Washington, DC, within Dupont Circle. Its multi-level plan offers a townhouse-like configuration within a condominium residence.
The property is at 1624 U Street NW in Washington, DC, within Dupont Circle. Its multi-level plan offers a townhouse-like configuration within a condominium residence.
Key Highlights
- Approximately 650 square feet arranged over four levels
- Located in a former firehouse built in 1893
- Wood‑burning fireplace in the living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,649
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,980
$253.0K
Cap Rate 7%
$180,700
$180.7K
Cap Rate 9%
$140,544
$140.5K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$24.4K $37.56/SF
− Vacancy
−$1.4K −$2.18/SF
EGI
$23.0K $35.38/SF
− OpEx
−$10.3K −$15.92/SF
NOI
$12.6K $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%
$252,980
Cap Rate 7%
$180,700
Cap Rate 9%
$140,544
Alternative Uses
Best Use
Apartment 5plus
$180.7K
$158.1K – $210.8K
NOI $12,649 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.3K
$292.6K – $390.1K
NOI $23,404 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,200
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A vertical layout separates the kitchen, living area, bathroom, and bedroom across four distinct floors.
Where is this residential income property located?
The property is located at 1624 U STREET NW Unit 301 Washington, DC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approximately 650 square feet arranged over four levels; Located in a former firehouse built in 1893; Wood‑burning fireplace in the living room
